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Container corporation hosted a conference call on Oct 22, 2021. In the conference call the company was represented by Kalyanarama, CMD.
Key takeaways of the
call
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Total Throughput (in TEUs)
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Q2FY22
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Q2FY21
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Var (%)
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H1FY22
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H1FY22
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Var (%)
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Exim
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792425
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744788
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6
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1607502
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1372693
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17
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Domestic
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188332
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140885
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34
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365001
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245691
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49
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Total
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980757
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885673
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11
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1972503
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1618384
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22
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Originating volume
for Q2FY22 was 518968 TEUs in EXIM and 902298 TEUs in domestic aggregating to
609266 TEUs.
The company now
expects a volume and revenue growth of 15% for FY22 compared to 12% guided
earlier. The company expect better than
100% growth in PAT for FY22.
The company is
targeting a revenue mix of 60% EXIM : 40%Domestic over the next 5 years from
about 80:20. Towards this the revenue mix was about 71% EXIM & 29% Domestic
in Q2FY22.
LLF for FY22 is Rs
450 crore and of that the company has paid Rs 225.92 crore in H1FY22. There is
no ambiguity/uncertainty in this regard anymore. As far as long term lease of
terminals by the company, it can discuss with IR only after cabinet of GOI
takes a decision on land policy.
Rail freight margin
for Q2FY22 was 28.33%.
Average lead
distance for EXIM is about 704 Km and domestic it is about 1400 KMs.
For every container
handled at terminals the company has effected a price hike of Rs 1000/container
effective Oct 1, 2021.
But for container
shortage another ten percentile point growth would have been achieved by the
company in EXIM during Q2FY22. There is
less imports and higher exports in the country as of now. For shipping lines, the
company is offering additional discounts for empty running to make containers
available at hinterland locations but subject to certain conditions that return
cargo transportation should be only through Concor etc.
Due to DFC there is
a shift in cargo from road to rail. The rail coefficient of both Mundra and
Pipavav ports have increased from 25% and 61% to 27% and 68% respectively.
Double stack trains operated
by the company from Katwa was 790 trains in Q2FY22 and 1597 trains in H1FY22(1000
trains in H1FY21).
DFC connectivity to
Mundra & Pipavav to result in 10% additional growth in volume. But the additional
growth has not completely set in yet and is gradually coming in.
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