Q1 2025 Container Corporation of India Ltd Earnings Call Transcript
Key Points
- Container Corporation of India Ltd (BOM:531344) reported a 6% growth in throughput, aligning with India's international trade growth.
- The company achieved a 15% year-on-year growth in the domestic stream for the quarter.
- Operating income growth was reported at 9.3%, with PAT growth at 4.6%.
- Significant infrastructure additions include the commissioning of a new high-speed rake and procurement of 2,500 new containers, bringing the total fleet to around 47,000 containers.
- The company has initiated online booking of containers at all terminals, which has been well-received by the trade and is proving to be a strong marketing tool.
- EXIM growth rate was only 3.3% year-on-year for the quarter, raising concerns about meeting volume guidance.
- Domestic realization and profitability were lower compared to the past three quarters, attributed to factors like discounts and empty running costs.
- The rail coefficient has decreased at major ports, with a notable drop at Nhava Sheva, Mundra, and Pipavav.
- The company faces challenges in achieving the projected 15% volume growth for FY '25, requiring an average EXIM volume growth of 20% year-on-year.
- There are uncertainties regarding the final connectivity of the Dedicated Freight Corridor (DFC) to Nhava Sheva, with the target date of March 2025 appearing challenging.
Ladies and gentlemen, good day, and welcome to Q1 FY '25 Earnings Conference Call of Container Corporation of India Limited Hosted by DAM Capital Advisors Limited. (Operator Instructions) Please note that this conference is been recorded. I now hand the conference over to Ms. Bhoomika Nair from DAM Capital Advisors. Thank you, and over to you, ma'am.
Yes. Good afternoon, everyone, and a warm welcome to the Q1 FY '25 Earnings Call of Container Corporation of India. We have the management today being represented by Mr. Sanjay Swarup, CMD, and his entire team. I'll now hand over the floor to Mr. Swarup for his opening remarks, post which we'll open up the floor for Q&A. Thank you, and over to you, sir.
Good afternoon, everybody. I am being joined by my Director of Finance, Mr. Manoj Dubey; Director of Domestic, Mr. Azhar Shams; Director of Projects, Mr. Ajit
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