Standalone net sales (including other operating income) of Container
Corporation Of India for the quarter ended Mar 2022 has increased 5.35% to Rs
2,043.01 crore. Operating profit margin has jumped from 9.75% to
20.20%, leading to 118.39% rise in operating profit to Rs 412.75
crore. Employee cost decreased from 6.63% to 5.93%.
Other expenses fell from 83.62% to 73.86%. Freight
charges rose from 54.15% to 54.52%. Other direct service cost fell
from 24.22% to 15.69%. Other income fell 5.22% to Rs 69.38
crore. PBIDT rose 83.88% to Rs 482.13 crore. Provision
for interest up 63.05% to Rs 13.99 crore. PBDT rose 84.58% to Rs
468.14 crore. Provision for depreciation down 1.09% to Rs 130.92
crore. Profit before tax grew 178.10% to Rs 337.22
crore. Provision for tax was expense of Rs 80.37 crore, compared to
Rs 21.72 crore. Effective tax rate was 23.83% compared to 57.31%. Profit
after tax rose 1,487.45% to Rs 256.85 crore.
-
- Sales of Exim segment has gone down 1.73% to Rs 1,359.85 crore
(accounting for 66.56% of total sales). Sales of Domestic segment
has gone up 22.98% to Rs 683.16 crore (accounting for 33.44% of total
sales).
-
- Profit before interest, tax and other unallocable items (PBIT) has
jumped 140.71% to Rs 328.74 crore. PBIT of Exim segment rose 92.20%
to Rs 297.82 crore (accounting for 90.59% of total PBIT). PBIT of
Domestic reported profit of Rs 30.92 crore compared to loss of Rs 18.38
crore.
-
- PBIT margin of Exim segment rose from 11.20% to 21.90%. PBIT
margin of Domestic segment rose from negative 3.31% to
4.53%. Overall PBIT margin rose from 7.04% to 16.09%.
Consolidated net sales (including other operating income) has
increased 5.16% to Rs 2057.56 crore. Sales of Exim segment has gone
down 1.74% to Rs 1,360.17 crore (accounting for 66.11% of total
sales). Sales of Domestic segment has gone up 21.83% to Rs 697.39
crore (accounting for 33.89% of total sales). Profit before
interest, tax and other unallocable items (PBIT) has jumped 139.90% to Rs
321.61 crore. PBIT of Exim segment rose 92.79% to Rs 297.79 crore
(accounting for 92.59% of total PBIT). PBIT of Domestic reported
profit of Rs 23.82 crore compared to loss of Rs 20.40 crore. PBIT
margin of Exim segment rose from 11.16% to 21.89%. PBIT margin of
Domestic segment rose from negative 3.56% to 3.42%. Overall PBIT
margin rose from 6.85% to 15.63%. Operating profit margin has jumped
from 10% to 20.21%, leading to 112.51% rise in operating profit to Rs 415.84
crore. Other income fell 3.03% to Rs 71 crore. Provision
for interest rose 44.51% to Rs 15.52 crore. Provision
for depreciation fell 0.81% to Rs 139.04 crore. Profit before tax
grew 181.64% to Rs 332.28 crore. Share of profit/loss was 26.13%
lower at Rs 4.72 crore. Provision for tax was expense of Rs 79.77
crore, compared to Rs 20.75 crore. Effective tax rate was 23.67%
compared to 45.38%. Minority interest increased 50.75% to Rs -0.33
crore. Net profit attributable to owners of the company increased
904.52% to Rs 257.56 crore.
Full year results analysis
Standalone net sales (including other operating income) of Container
Corporation Of India has increased 18.94% to Rs 7,594.45 crore. Operating
profit margin has jumped from 16.18% to 22.76%, leading to 67.34% rise in
operating profit to Rs 1,728.37 crore. Employee cost decreased from
6.66% to 5.47%. Other expenses fell from 77.17% to 71.77%.
Freight charges fell from 54.11% to 54.06%. Other
direct service cost fell from 18.89% to 14.83%. Other income fell
7.83% to Rs 263.13 crore. PBIDT rose 51.06% to Rs 1991.5
crore. Provision for interest up 60.72% to Rs 54.58
crore. PBDT rose 50.81% to Rs 1936.92 crore. Provision
for depreciation rose 1.51% to Rs 529.82 crore. Profit before tax grew
84.55% to Rs 1,407.10 crore. Extraordinary items were increased to
Rs -0.08 crore. Provision for tax was expense of Rs 344.68 crore,
compared to Rs 175.77 crore. Effective tax rate was 24.50% compared
to 25.88%. Profit after tax rose 111.06% to Rs 1,062.34 crore.
-
- Sales of Exim segment has gone up 12.21% to Rs 5,288.65 crore
(accounting for 69.64% of total sales). Sales of Domestic segment
has gone up 37.91% to Rs 2,305.80 crore (accounting for 30.36% of total
sales).
-
- Profit before interest, tax and other unallocable items (PBIT) has
jumped 93.67% to Rs 1,345.43 crore. PBIT of Exim segment rose 81.48%
to Rs 1,173.04 crore (accounting for 87.19% of total PBIT). PBIT of
Domestic segment rose 256.62% to Rs 172.39 crore (accounting for 12.81% of total
PBIT).
-
- PBIT margin of Exim segment rose from 13.71% to 22.18%. PBIT
margin of Domestic segment rose from 2.89% to 7.48%. Overall PBIT
margin rose from 10.88% to 17.72%.
Consolidated net sales has
increased 19.07% to Rs 7652.73 crore. Sales of Exim segment has gone
up 12.21% to Rs 5,290.35 crore (accounting for 69.13% of total
sales). Sales of Domestic segment has gone up 37.97% to Rs 2,362.38
crore (accounting for 30.87% of total sales). Profit before
interest, tax and other unallocable items (PBIT) has jumped 95.93% to Rs
1,324.37 crore. PBIT of Exim segment rose 81.99% to Rs 1,172.11
crore (accounting for 88.50% of total PBIT). PBIT of Domestic
segment rose 377.45% to Rs 152.26 crore (accounting for 11.50% of total
PBIT). PBIT margin of Exim segment rose from 13.66% to
22.16%. PBIT margin of Domestic segment rose from 1.86% to
6.45%. Overall PBIT margin rose from 10.52% to 17.31%. Operating
profit margin has jumped from 16.29% to 22.83%, leading to 66.92% rise in
operating profit to Rs 1,747.28 crore. Profit before tax grew 90.11%
to Rs 1,370.57 crore. Share of profit/loss was 23.67% lower at Rs
23.9 crore. Provision for tax was expense of Rs 342.2 crore,
compared to Rs 172.98 crore. Effective tax rate was 24.54% compared
to 25.68%. Minority interest increased 37.09% to Rs -2.85 crore. Net
profit attributable to owners of the company increased 108.88% to Rs 1,055.12
crore.
Other developments
Equity capital stood at Rs 304.65 crore
as of 31 March 2022 to Rs 304.65 crore as of 31 March 2021. Per
share face Value remained same at Rs 5.00.
Promoters’ stake was 54.80% as of 31
March 2022, compared to 54.80% as of 31 March 2021 .
Standalone Loan funds rose to Rs 640.82 crore as of 31 March 2022 from
Rs 618.11 crore as of 31 March 2021. Inventories rose to Rs 30.68
crore as of 31 March 2022 from Rs 23.94 crore as of 31 March
2021. Sundry debtors were higher at Rs 176.14 crore as of 31 March
2022 compared to Rs 155.48 crore as of 31 March 2021. Cash and bank
balance rose to Rs 2,887.85 crore as of 31 March 2022 from Rs 2,473.21 crore as
of 31 March 2021. Investments declined from Rs 1,495.17 crore as of
31 March 2021 to Rs 1,435.56 crore as of 31 March 2022.
Standalone Cash flow from operating
activities increased to Rs 1,340.56 crore for year ended March 2022 from Rs
1,024.25 crore for year ended March 2021. Cash flow used in
acquiring fixed assets during the year ended March 2022 stood at Rs 779.35
crore, compared to Rs 580.90 crore during the year ended March 2021.
Fixed assets declined
from Rs 6,210.92 crore as of 31 March 2021 to Rs 6,121.81 crore as of 31 March
2022. Intangible assets increased from Rs 10.66 crore to Rs 17.21
crore.
| Container Corporation Of India : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202203 | 202103 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 2,057.56 | 1,956.69 | 5.16 | 7,652.73 | 6,427.08 | 19.07 | | OPM (%) | 20.21 | 10.00 | 1,021 bps | 22.83 | 16.29 | 654 bps | | OP | 415.84 | 195.68 | 112.51 | 1,747.28 | 1,046.80 | 66.92 | | Other Inc. | 71.00 | 73.22 | -3.03 | 247.08 | 270.41 | -8.63 | | PBIDT | 486.84 | 268.90 | 81.05 | 1,994.36 | 1,317.21 | 51.41 | | Interest | 15.52 | 10.74 | 44.51 | 62.37 | 42.90 | 45.38 | | PBDT | 471.32 | 258.16 | 82.57 | 1,931.99 | 1,274.31 | 51.61 | | Depreciation | 139.04 | 140.18 | -0.81 | 561.42 | 553.38 | 1.45 | | PBT | 332.28 | 117.98 | 181.64 | 1370.57 | 720.93 | 90.11 | | Share of Profit/(Loss) from Associates | 4.72 | 6.39 | -26.13 | 23.9 | 31.31 | -23.67 | | PBT before EO | 337 | 124.37 | 170.97 | 1394.47 | 752.24 | 85.38 | | EO Income | 0 | -78.65 | - | 0 | -78.65 | - | | PBT after EO | 337 | 45.72 | 637.10 | 1394.47 | 673.59 | 107.02 | | Taxation | 79.77 | 20.75 | 284.43 | 342.2 | 172.98 | 97.83 | | PAT | 257.23 | 24.97 | 930.16 | 1052.27 | 500.61 | 110.20 | | Minority Interest (MI) | -0.33 | -0.67 | 50.75 | -2.85 | -4.53 | 37.09 | | Net profit | 257.56 | 25.64 | 904.52 | 1055.12 | 505.14 | 108.88 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 257.56 | 25.64 | 904.52 | 1055.12 | 505.14 | 108.88 | | EPS (Rs)* | 4.23 | 1.05 | 301.56 | 17.32 | 9.24 | 87.36 | | | * EPS is on current equity of Rs 304.65 crore, Face value of Rs 5, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| Container Corporation Of India : Consolidated Segment Results | | | Quarter ended | Year ended |
|---|
| % of (Total) | 202203 | 202103 | Var.(%) | % of (Total) | 202203 | 202103 | Var.(%) |
|---|
| Sales | | Exim | 66.11 | 1,360.17 | 1,384.28 | -1.74 | 69.13 | 5,290.35 | 4,714.84 | 12.21 | | Domestic | 33.89 | 697.39 | 572.41 | 21.83 | 30.87 | 2,362.38 | 1,712.24 | 37.97 | | Total Reported Sales | 100.00 | 2,057.56 | 1,956.69 | 5.16 | 100.00 | 7,652.73 | 6,427.08 | 19.07 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 2,057.56 | 1,956.69 | 5.16 | 100.00 | 7,652.73 | 6,427.08 | 19.07 | | PBIT | | Exim | 92.59 | 297.79 | 154.46 | 92.79 | 88.50 | 1,172.11 | 644.06 | 81.99 | | Domestic | 7.41 | 23.82 | -20.40 | LP | 11.50 | 152.26 | 31.89 | 377.45 | | Total PBIT | 100.00 | 321.61 | 134.06 | 139.90 | 100.00 | 1,324.37 | 675.95 | 95.93 | | Less : Interest | | 15.52 | 10.74 | 44.51 | | 62.37 | 42.90 | 45.38 | | Add: Other un-allcoable | | 30.91 | -77.60 | LP | | 132.47 | 40.54 | 226.76 | | PBIT Margin(%) | | Exim | | 21.89 | 11.16 | 1,073.54 | | 22.16 | 13.66 | 849.54 | | Domestic | | 3.42 | -3.56 | 697.95 | | 6.45 | 1.86 | 458.27 | | PBT | 100.00 | 337.00 | 45.72 | 637.10 | 100.00 | 1,394.47 | 673.59 | 107.02 |
|
| Container Corporation Of India : Standalone Results | | Quarter ended | Year ended |
|---|
| Particulars | 202203 | 202103 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 2,043.01 | 1,939.27 | 5.35 | 7,594.45 | 6,384.96 | 18.94 | | OPM (%) | 20.20 | 9.75 | 1,046 bps | 22.76 | 16.18 | 658 bps | | OP | 412.75 | 189.00 | 118.39 | 1,728.37 | 1,032.86 | 67.34 | | Other Inc. | 69.38 | 73.20 | -5.22 | 263.13 | 285.48 | -7.83 | | PBIDT | 482.13 | 262.20 | 83.88 | 1,991.50 | 1,318.34 | 51.06 | | Interest | 13.99 | 8.58 | 63.05 | 54.58 | 33.96 | 60.72 | | PBDT | 468.14 | 253.62 | 84.58 | 1,936.92 | 1,284.38 | 50.81 | | Depreciation | 130.92 | 132.36 | -1.09 | 529.82 | 521.92 | 1.51 | | PBT | 337.22 | 121.26 | 178.10 | 1407.1 | 762.46 | 84.55 | | PBT before EO | 337.22 | 121.26 | 178.10 | 1407.1 | 762.46 | 84.55 | | EO Income | 0 | -83.36 | - | -0.08 | -83.36 | 99.90 | | PBT after EO | 337.22 | 37.9 | 789.76 | 1407.02 | 679.1 | 107.19 | | Taxation | 80.37 | 21.72 | 270.03 | 344.68 | 175.77 | 96.10 | | PAT | 256.85 | 16.18 | 1,487.45 | 1062.34 | 503.33 | 111.06 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 256.85 | 16.18 | 1,487.45 | 1062.34 | 503.33 | 111.06 | | EPS (Rs)* | 4.22 | 0.85 | 396.14 | 17.44 | 9.27 | 88.00 | | | * EPS is on current equity of Rs 304.65 crore, Face value of Rs 5, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| Container Corporation Of India : Standalone Segment Results | | | Quarter ended | Year ended |
|---|
| % of (Total) | 202203 | 202103 | Var.(%) | % of (Total) | 202203 | 202103 | Var.(%) |
|---|
| Sales | | Exim | 66.56 | 1,359.85 | 1,383.75 | -1.73 | 69.64 | 5,288.65 | 4,712.99 | 12.21 | | Domestic | 33.44 | 683.16 | 555.52 | 22.98 | 30.36 | 2,305.80 | 1,671.97 | 37.91 | | Total Reported Sales | 100.00 | 2,043.01 | 1,939.27 | 5.35 | 100.00 | 7,594.45 | 6,384.96 | 18.94 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 2,043.01 | 1,939.27 | 5.35 | 100.00 | 7,594.45 | 6,384.96 | 18.94 | | PBIT | | Exim | 90.59 | 297.82 | 154.95 | 92.20 | 87.19 | 1,173.04 | 646.36 | 81.48 | | Domestic | 9.41 | 30.92 | -18.38 | LP | 12.81 | 172.39 | 48.34 | 256.62 | | Total PBIT | 100.00 | 328.74 | 136.57 | 140.71 | 100.00 | 1,345.43 | 694.70 | 93.67 | | Less : Interest | | 13.99 | 8.58 | 63.05 | | 54.58 | 33.96 | 60.72 | | Add: Other un-allcoable | | 22.47 | -90.09 | LP | | 116.17 | 18.36 | 532.73 | | PBIT Margin(%) | | Exim | | 21.90 | 11.20 | 1,070.31 | | 22.18 | 13.71 | 846.59 | | Domestic | | 4.53 | -3.31 | 783.46 | | 7.48 | 2.89 | 458.52 | | PBT | 100.00 | 337.22 | 37.90 | 789.76 | 100.00 | 1,407.02 | 679.10 | 107.19 |
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