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Expect overall volume growth of
18-20% in FY25
Contianer Corporation of India
hosted a conference call on May 17, 2024. In the conference call the company
was represented by Sanjay Swarup, CMD.
Key takeaways of the call
Expect a volume growth of 15% in
EXIM and 25% for Domestic for FY25 and overall volume growth of 18-20%.
The company is confident of
material result for its effort for diversion of volume from road to rail and
that is to drive EXIM volume growth for the company. It is confident of maintain 25% EBITDA margin
this fiscal.
EXIM handling volume growth was
7.08 in FY24 and that of originating volume was 7.59%.
First mile last mile biz for both
EXIM and domestic is currently 25% and the target is to reach 50% in current
fiscal and the ultimate is to about 80-85%.
Empty running for Q4FY24 was Rs
141.3 crore [Exim Rs 34.28 crore and domestic RS 107.02 crore] Empty running
for FY24 is about Rs 508 crore including Rs 121.6 crore for EXIM.
LLF for FY24 was Rs 424 crore and
that will not be more than Rs 420 crore for FY25. Further only by opting for Gatisakthi
Container Terminal Scheme the company could save Rs 100-120 crore for TKD (ICD
Tughlakabad) that will work out to Rs 250 crore against Rs 360 crore.
Mar 2025 is the deadline for completion
of JNPT connection for WDFC. Till then
the company will be running double stake rail till Vadodara
terminal, which is connected to both DFC and IR network. Here the company will
break it up to single stake and run upto JNPT.
Of the overall volume about
15-20% is currently double stacked.
The company is confident of
gaining some market share in current fiscal. It is easy for the company to gain
market share by compromising on margin, but the company stays away from that.
Rail freight margin was 25.1% for
FY24.
Market share (rail container
volume) of CONCOR in JNPT is 60%, Mundra is 37% and Pipavav is 37%. Portwise contribution - JNPT 32%, Mundra 35%, Pipavav 11.3%,
Chennai 4.3%, Vizag 7.5% and Tuticorin 2%.
Capex planned for FY25 was Rs 610
crore.
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