Standalone net sales (including other operating income) of Container
Corporation Of India for the quarter ended Dec 2022 has increased 3.57% to Rs
1,988.43 crore. Operating profit margin
has declined from 23.73% to 21.44%, leading to 6.42% decline in operating
profit to Rs 426.36 crore. Employee cost increased from 5.01% to
5.41%. Other expenses rose from 71.26% to 73.14%. Freight charges rose from 54.33% to 57.11%. Other
direct service cost fell from 14.30% to 13.02%. Other income up
79.74% to Rs 113.63 crore. PBIDT rose 4.07% to Rs 539.99
crore. Provision for interest up 7.98% to Rs 14.21
crore. PBDT rose 3.97% to Rs 525.78 crore. Provision for
depreciation rose 2.43% to Rs 135.65 crore. Profit before tax grew
4.52% to Rs 390.13 crore. Provision for tax was expense of Rs 93.63
crore, compared to Rs 86.73 crore. Effective tax rate was 24.00%
compared to 23.24%. Profit after tax rose 3.48% to Rs 296.50 crore.
- Segment revenue of EXIM was down 4% to Rs
1269.71 crore despite 1% growth in EXIM volume to 833796 TEUs was largely due
to 5% fall in per TEU realization. And thus with segment margin flat at 23.3%, the
segment profit of it was down 5% to Rs 295.29 crore. Domestic volume was up 24% to 251358 TEUs but
the growth in domestic revenue was restricted at 22% to Rs 718.72 crore as the
domestic per TEU realization was down by 2%. Thus with 90 bps contraction in
segment margin to 6%, the segment profit
of it was up 5% to Rs 42.77 crore.
Consolidated net sales
(including other operating income) of Container Corporation Of India has
increased 3.43% to Rs 2004.46 crore. Operating profit margin has
declined from 23.81% to 21.46%, leading to 6.77% decline in operating profit to
Rs 430.16 crore. Employee cost increased from 4.99% to 5.41%.
Other expenses rose from 71.20% to 73.13%. Freight
charges rose from 53.82% to 56.66%. Other direct service cost fell
from 14.63% to 13.28%. Other income rose 89.71% to Rs 106.52
crore. PBIDT rose 3.70% to Rs 536.68 crore. Provision for
interest rose 3.55% to Rs 15.76 crore. PBDT rose 3.70% to Rs 520.92
crore. Provision for depreciation fell 0.39% to Rs 139.63
crore. Profit before tax grew 5.29% to Rs 381.29 crore. Share
of profit/loss was 26.99% lower at Rs 5.14 crore. Provision for tax
was expense of Rs 92.99 crore, compared to Rs 85.79 crore. Effective
tax rate was 24.06% compared to 23.24%. Minority interest increased 37.70% to
Rs -0.76 crore. Net profit attributable to owners of the company
increased 3.37% to Rs 294.20 crore.
Nine month performance
Standalone net sales (including other operating income) of
Container Corporation Of India has increased 6.95% to Rs 5,937.41
crore. Operating profit margin has declined from 23.70% to 23.53%,
leading to 6.21% rise in operating profit to Rs 1,397.34
crore. Employee cost decreased from 5.30% to 5.11%.
Other expenses rose from 71.00% to 71.36%. Freight
charges rose from 53.89% to 55.43%. Other direct service cost fell
from 14.51% to 13.30%. Other income up 17.94% to Rs 228.51
crore. PBIDT rose 7.72% to Rs 1625.85 crore. Provision
for interest up 4.58% to Rs 42.45 crore. PBDT rose 7.80% to Rs
1583.4 crore. Provision for depreciation rose 0.52% to Rs 400.98
crore. Profit before tax grew 10.52% to Rs 1,182.42
crore. Provision for tax was expense of Rs 291.81 crore, compared to
Rs 264.31 crore. Effective tax rate was 24.68% compared to 24.71%. Profit
after tax rose 10.57% to Rs 890.61 crore.
Consolidated net
sales (including other operating income) of Container Corporation Of India has
increased 6.96% to Rs 5984.79 crore. Operating profit margin has
declined from 23.80% to 23.63%, leading to 6.24% rise in operating profit to Rs
1,414.47 crore. Other income rose 24.73% to Rs 219.63
crore. PBIDT rose 8.40% to Rs 1634.1 crore. Provision for
interest rose 0.73% to Rs 47.19 crore. PBDT rose 8.64% to Rs 1586.91
crore. Provision for depreciation fell 1.64% to Rs 415.47
crore. Profit before tax grew 12.82% to Rs 1,171.44
crore. Share of profit/loss was 17.21% lower at Rs 15.88
crore. Provision for tax was expense of Rs 293.25 crore, compared to
Rs 262.43 crore. Effective tax rate was 24.70% compared to 24.82%. Minority interest
increased 73.02% to Rs -0.68 crore. Net profit attributable to
owners of the company increased 12.19% to Rs 894.75 crore.
Promoters’ stake was 54.80% as of 31 December 2022 ,compared to
54.80% as of 31 December 2021 .
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Container Corporation of India:
Result
|
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|
|
|
|
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Particulars
|
2212 (3)
|
2112 (3)
|
Var.(%)
|
2212 (9)
|
2112 (9)
|
Var.(%)
|
2203 (12)
|
2103 (12)
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Var.(%)
|
|
|
Net sales
|
1988.43
|
1919.98
|
4
|
5937.41
|
5551.44
|
7
|
7594.45
|
6384.96
|
19
|
|
|
OPM(%)
|
21.4
|
23.7
|
|
23.5
|
23.7
|
|
22.8
|
16.2
|
|
|
|
OP
|
426.36
|
455.63
|
-6
|
1397.34
|
1315.62
|
6
|
1728.37
|
1032.86
|
67
|
|
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Other Income
|
113.63
|
63.22
|
80
|
228.51
|
193.75
|
18
|
263.13
|
285.48
|
-8
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|
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PBIDT
|
539.99
|
518.85
|
4
|
1625.85
|
1509.37
|
8
|
1991.50
|
1318.34
|
51
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|
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Interest
|
14.21
|
13.16
|
8
|
42.45
|
40.59
|
5
|
54.58
|
33.96
|
61
|
|
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PBDT
|
525.78
|
505.69
|
4
|
1583.40
|
1468.78
|
8
|
1936.92
|
1284.38
|
51
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Depreciation
|
135.65
|
132.43
|
2
|
400.98
|
398.90
|
1
|
529.82
|
521.92
|
2
|
|
|
PBT
|
390.13
|
373.26
|
5
|
1182.42
|
1069.88
|
11
|
1407.10
|
762.46
|
85
|
|
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EO Income
|
0.00
|
0.00
|
|
0.00
|
-0.08
|
|
-0.08
|
-83.36
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###
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PBT After EO
|
390.13
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373.26
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5
|
1182.42
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1069.80
|
11
|
1407.02
|
679.10
|
107
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|
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Tax
|
93.63
|
86.73
|
8
|
291.81
|
264.31
|
10
|
344.68
|
175.77
|
96
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|
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PAT
|
296.50
|
286.53
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3
|
890.61
|
805.49
|
11
|
1062.34
|
503.33
|
111
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Prior period adjustment
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0.00
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0.00
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0.00
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0.00
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0.00
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0.00
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Net profit
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296.50
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286.53
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3
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890.61
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805.49
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11
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1062.34
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503.33
|
111
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EPS(Rs)*
|
#
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#
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#
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#
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17.4
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9.3
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*Annualised on current equity of
Rs 304.65 crore; Face Value of Rs 5
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Figures in Rs crore
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Source: Capitaline Corporate
Databases
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Container Corporation of India:
Segment Results
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Segment
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% to total
|
2212 (3)
|
2112 (3)
|
Var.(%)
|
% to total
|
2212 (9)
|
2112 (9)
|
Var.(%)
|
% to total
|
2203 (12)
|
2103 (12)
|
Var.(%)
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Sales
|
|
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|
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EXIM
|
64
|
1269.71
|
1329.49
|
-4
|
65
|
3888.93
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3928.80
|
-1
|
70
|
5288.65
|
4712.99
|
12
|
|
|
Domestic
|
36
|
718.72
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590.49
|
22
|
35
|
2048.48
|
1622.64
|
26
|
30
|
2305.80
|
1671.97
|
38
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Total Sales
|
100
|
1988.43
|
1919.98
|
4
|
100
|
5937.41
|
5551.44
|
7
|
100
|
7594.45
|
6384.96
|
19
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PBIT
|
|
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EXIM
|
87
|
295.29
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309.83
|
-5
|
85
|
944.51
|
875.22
|
8
|
87
|
1173.04
|
646.36
|
81
|
|
|
Domestic
|
13
|
42.77
|
40.66
|
5
|
15
|
164.02
|
141.47
|
16
|
13
|
172.39
|
48.34
|
257
|
|
|
Total PBIT
|
100
|
338.06
|
350.49
|
-4
|
100
|
1108.53
|
1016.69
|
9
|
100
|
1345.43
|
694.70
|
94
|
|
|
LESS: Interest expenes
|
|
14.21
|
13.16
|
8
|
|
42.45
|
40.59
|
5
|
|
54.58
|
33.96
|
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Other unallocable expenses
|
|
-66.28
|
-35.93
|
84
|
|
-116.34
|
-93.78
|
24
|
|
-116.25
|
-101.72
|
14
|
|
|
EO Income
|
|
|
|
|
|
|
-0.08
|
|
|
-0.08
|
-83.36
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###
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PBT
|
|
390.13
|
373.26
|
5
|
|
1182.42
|
1069.80
|
11
|
|
1407.02
|
679.10
|
107
|
|
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Note: Figures in Rs crore
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|
ing the year ended March 2021.
| Container Corporation Of India : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202212 | 202112 | Var.(%) | 202212 | 202112 | Var.(%) | 202203 | 202103 | Var.(%) |
|---|
| Net Sales (including other operating income) | 2,004.46 | 1,938.03 | 3.43 | 5,984.79 | 5,595.17 | 6.96 | 7,652.73 | 6,427.08 | 19.07 | | OPM (%) | 21.46 | 23.81 | -235 bps | 23.63 | 23.80 | -16 bps | 22.83 | 16.29 | 654 bps | | OP | 430.16 | 461.38 | -6.77 | 1,414.47 | 1,331.44 | 6.24 | 1,747.28 | 1,046.80 | 66.92 | | Other Inc. | 106.52 | 56.15 | 89.71 | 219.63 | 176.08 | 24.73 | 247.08 | 270.41 | -8.63 | | PBIDT | 536.68 | 517.53 | 3.70 | 1,634.10 | 1,507.52 | 8.40 | 1,994.36 | 1,317.21 | 51.41 | | Interest | 15.76 | 15.22 | 3.55 | 47.19 | 46.85 | 0.73 | 62.37 | 42.90 | 45.38 | | PBDT | 520.92 | 502.31 | 3.70 | 1,586.91 | 1,460.67 | 8.64 | 1,931.99 | 1,274.31 | 51.61 | | Depreciation | 139.63 | 140.17 | -0.39 | 415.47 | 422.38 | -1.64 | 561.42 | 553.38 | 1.45 | | PBT | 381.29 | 362.14 | 5.29 | 1171.44 | 1038.29 | 12.82 | 1370.57 | 720.93 | 90.11 | | Share of Profit/(Loss) from Associates | 5.14 | 7.04 | -26.99 | 15.88 | 19.18 | -17.21 | 23.9 | 31.31 | -23.67 | | PBT before EO | 386.43 | 369.18 | 4.67 | 1187.32 | 1057.47 | 12.28 | 1394.47 | 752.24 | 85.38 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | -78.65 | - | | PBT after EO | 386.43 | 369.18 | 4.67 | 1187.32 | 1057.47 | 12.28 | 1394.47 | 673.59 | 107.02 | | Taxation | 92.99 | 85.79 | 8.39 | 293.25 | 262.43 | 11.74 | 342.2 | 172.98 | 97.83 | | PAT | 293.44 | 283.39 | 3.55 | 894.07 | 795.04 | 12.46 | 1052.27 | 500.61 | 110.20 | | Minority Interest (MI) | -0.76 | -1.22 | 37.70 | -0.68 | -2.52 | 73.02 | -2.85 | -4.53 | 37.09 | | Net profit | 294.2 | 284.61 | 3.37 | 894.75 | 797.56 | 12.19 | 1055.12 | 505.14 | 108.88 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 294.2 | 284.61 | 3.37 | 894.75 | 797.56 | 12.19 | 1055.12 | 505.14 | 108.88 | | EPS (Rs)* | 4.83 | 4.67 | 3.37 | 14.69 | 13.09 | 12.19 | 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 |
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