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Standalone net sales
(including other operating income) of Container Corporation Of India for the
quarter ended Dec 2023 has increased 10.90% to Rs 2,205.12
crore. Operating profit margin has jumped from 21.55% to 23.21%,
leading to 19.40% rise in operating profit to Rs 511.70
crore. Employee cost decreased from 5.30% to 5.07%.
Other expenses fell from 73.14% to 71.72%. Freight
charges rose from 57.11% to 58.71%. Other direct service cost fell
from 13.02% to 10.83%. Other income fell 9.65% to Rs 100.68
crore. PBIDT rose 13.41% to Rs 612.38 crore. Provision
for interest up 23.36% to Rs 17.53 crore. PBDT rose 13.14% to Rs
594.85 crore. Provision for depreciation rose 13.73% to Rs 154.27
crore. Profit before tax grew 12.93% to Rs 440.58
crore. Provision for tax was expense of Rs 106.15 crore, compared to
Rs 93.63 crore. Effective tax rate was 24.09% compared to 24.00%. Profit
after tax rose 12.79% to Rs 334.43 crore.
Sales of Exim segment
has gone up 13.13% to Rs 1,436.46 crore (accounting for 65.14% of total
sales). Sales of Domestic segment has gone up 6.95% to Rs 768.66
crore (accounting for 34.86% of total sales).
Profit before interest,
tax and other unallocable items (PBIT) has jumped 16.37% to Rs 393.40
crore. PBIT of Exim segment rose 8.26% to Rs 319.69 crore
(accounting for 81.26% of total PBIT). PBIT of Domestic segment rose
72.34% to Rs 73.71 crore (accounting for 18.74% of total PBIT).
PBIT margin of Exim
segment fell from 23.26% to 22.26%. PBIT margin of Domestic segment
rose from 5.95% to 9.59%. Overall PBIT margin rose from 17.00% to
17.84%.
Consolidated net sales
(including other operating income) of Container Corporation Of India for the
quarter ended Dec 2023 has increased 10.28% to Rs 2210.57 crore. Operating
profit margin has jumped from 21.57% to 23.41%, leading to 19.68% rise in
operating profit to Rs 517.46 crore. Net profit
attributable to owners of the company increased 12.42% to Rs 330.74
crore.
For year-to-date (YTD) results analysis
Standalone net sales (including other operating income) of
Container Corporation Of India for nine month ended Dec 2023 has increased
6.36% to Rs 6,314.86 crore. Operating profit margin has declined
from 23.59% to 22.81%, leading to 2.84% rise in operating profit to Rs 1,440.55
crore. Employee cost increased from 5.05% to 5.38%.
Other expenses rose from 71.36% to 71.80%. Freight
charges rose from 55.43% to 56.47%. Other direct service cost fell
from 13.30% to 12.90%. Other income up 26.46% to Rs 284.6
crore. PBIDT rose 6.11% to Rs 1725.15 crore. Provision
for interest up 9.14% to Rs 46.33 crore. PBDT rose 6.03% to Rs
1678.82 crore. Provision for depreciation rose 9.89% to Rs 440.62
crore. Profit before tax grew 4.72% to Rs 1,238.20
crore. Provision for tax was expense of Rs 301.95 crore, compared to
Rs 291.81 crore. Effective tax rate was 24.39% compared to 24.68%. Profit
after tax rose 5.12% to Rs 936.25 crore.
Sales of Exim segment has gone up 5.73% to Rs
4,111.69 crore (accounting for 65.11% of total sales). Sales of
Domestic segment has gone up 7.55% to Rs 2,203.17 crore (accounting for 34.89%
of total sales).
Profit before interest, tax and other
unallocable items (PBIT) has slumped 0.10% to Rs 1,107.42 crore. PBIT
of Exim segment fell 2.33% to Rs 922.49 crore (accounting for 83.30% of total
PBIT). PBIT of Domestic segment rose 12.75% to Rs 184.93 crore
(accounting for 16.70% of total PBIT).
PBIT margin of Exim segment fell from 24.29% to
22.44%. PBIT margin of Domestic segment rose from 8.01% to
8.39%. Overall PBIT margin fell from 18.67% to 17.54%.
Consolidated net sales
(including other operating income) of Container Corporation Of India for 9mFY23
has increased 5.74% to Rs 6328.28 crore. Net profit attributable to
owners of the company increased 5.47% to Rs 943.66 crore.
Others
Railways has issued a Maste r Circular (MC) on
Policy for Management of Railway Land on 4th October 2022 by superseding all
previous policies/ guidelines in regard to Land Licence Fee {LLF). As per MC,
the annual LLF on the existing land will be payable @6% of Market Value {MV) of
land with annual escalation of 7%. The MV for this purpose has been taken as
industrial rate specified in State(s) and when it is not so specified, then any
other rate depending upon use of surrounding land as specified by State/
Revenue Office, has been considered. In view of above MC, the Company has
booked LLF amount of Rs 7I.95 crore in the current quarter, which is net of
past provisions of Rs 36.32 crore and Rs 287.52 crore for the Nine months
period ended 31st December 2023 based on company`s own assessment which is not
final. Therefore, the Company has not recognised Right of Use{ROU) assets &
lease liability for Lands Licensed by Indian Railways.
The Board of Directors has declared 3rd Interim Dividend of
Rs 4 Per equity share (face value of Rs
5 per equity share) amounting to Rs 243.72 crore.
Promoters’ stake was
54.80% as of 31 December 2023 ,compared to 54.80% as of 31 December 2022 .
| Container Corporation Of India : Standalone Results | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
|---|
| Net Sales (including other operating income) | 2,205.12 | 1,988.43 | 10.90 | 6,314.86 | 5,937.41 | 6.36 | 8,103.40 | 7,594.45 | 6.70 | | OPM (%) | 23.21 | 21.55 | 165 bps | 22.81 | 23.59 | -78 bps | 22.73 | 22.76 | -3 bps | | OP | 511.70 | 428.56 | 19.40 | 1,440.55 | 1,400.80 | 2.84 | 1,842.06 | 1,728.37 | 6.58 | | Other Inc. | 100.68 | 111.43 | -9.65 | 284.60 | 225.05 | 26.46 | 324.02 | 263.13 | 23.14 | | PBIDT | 612.38 | 539.99 | 13.41 | 1,725.15 | 1,625.85 | 6.11 | 2,166.08 | 1,991.50 | 8.77 | | Interest | 17.53 | 14.21 | 23.36 | 46.33 | 42.45 | 9.14 | 57.01 | 54.58 | 4.45 | | PBDT | 594.85 | 525.78 | 13.14 | 1,678.82 | 1,583.40 | 6.03 | 2,109.07 | 1,936.92 | 8.89 | | Depreciation | 154.27 | 135.65 | 13.73 | 440.62 | 400.98 | 9.89 | 554.09 | 529.82 | 4.58 | | PBT | 440.58 | 390.13 | 12.93 | 1238.2 | 1182.42 | 4.72 | 1554.98 | 1407.1 | 10.51 | | PBT before EO | 440.58 | 390.13 | 12.93 | 1238.2 | 1182.42 | 4.72 | 1554.98 | 1407.1 | 10.51 | | EO Income | 0 | 0 | - | 0 | 0 | - | -1.25 | -0.08 | -1,462.50 | | PBT after EO | 440.58 | 390.13 | 12.93 | 1238.2 | 1182.42 | 4.72 | 1553.73 | 1407.02 | 10.43 | | Taxation | 106.15 | 93.63 | 13.37 | 301.95 | 291.81 | 3.47 | 384.65 | 344.68 | 11.60 | | PAT | 334.43 | 296.5 | 12.79 | 936.25 | 890.61 | 5.12 | 1169.08 | 1062.34 | 10.05 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 334.43 | 296.5 | 12.79 | 936.25 | 890.61 | 5.12 | 1169.08 | 1062.34 | 10.05 | | EPS (Rs)* | 5.49 | 4.87 | 12.79 | 15.37 | 14.62 | 5.12 | 19.20 | 17.44 | 10.13 | | | * 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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| Container Corporation Of India : Standalone Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
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| % of (Total) | 202312 | 202212 | Var.(%) | % of (Total) | 202312 | 202212 | Var.(%) | % of (Total) | 202303 | 202203 | Var.(%) |
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| Sales | | Exim | 65.14 | 1,436.46 | 1,269.71 | 13.13 | 65.11 | 4,111.69 | 3,888.93 | 5.73 | 64.33 | 5,212.87 | 5,288.65 | -1.43 | | Domestic | 34.86 | 768.66 | 718.72 | 6.95 | 34.89 | 2,203.17 | 2,048.48 | 7.55 | 35.67 | 2,890.53 | 2,305.80 | 25.36 | | Total Reported Sales | 100.00 | 2,205.12 | 1,988.43 | 10.90 | 100.00 | 6,314.86 | 5,937.41 | 6.36 | 100.00 | 8,103.40 | 7,594.45 | 6.70 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 2,205.12 | 1,988.43 | 10.90 | 100.00 | 6,314.86 | 5,937.41 | 6.36 | 100.00 | 8,103.40 | 7,594.45 | 6.70 | | PBIT | | Exim | 81.26 | 319.69 | 295.29 | 8.26 | 83.30 | 922.49 | 944.51 | -2.33 | 84.07 | 1,262.06 | 1,173.04 | 7.59 | | Domestic | 18.74 | 73.71 | 42.77 | 72.34 | 16.70 | 184.93 | 164.02 | 12.75 | 15.93 | 239.21 | 172.39 | 38.76 | | Total PBIT | 100.00 | 393.40 | 338.06 | 16.37 | 100.00 | 1,107.42 | 1,108.53 | -0.10 | 100.00 | 1,501.27 | 1,345.43 | 11.58 | | Less : Interest | | 17.53 | 14.21 | 23.36 | | 46.33 | 42.45 | 9.14 | | 57.01 | 54.58 | 4.45 | | Add: Other un-allcoable | | 64.71 | 66.28 | -2.37 | | 177.11 | 116.34 | 52.23 | | 109.47 | 116.17 | -5.77 | | PBIT Margin(%) | | Exim | | 22.26 | 23.26 | -100.11 | | 22.44 | 24.29 | -185.14 | | 24.21 | 22.18 | 203.01 | | Domestic | | 9.59 | 5.95 | 363.86 | | 8.39 | 8.01 | 38.69 | | 8.28 | 7.48 | 79.93 | | PBT | 100.00 | 440.58 | 390.13 | 12.93 | 100.00 | 1,238.20 | 1,182.42 | 4.72 | 100.00 | 1,553.73 | 1,407.02 | 10.43 |
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| Container Corporation Of India : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202312 | 202212 | Var.(%) | 202312 | 202212 | Var.(%) | 202303 | 202203 | Var.(%) |
|---|
| Net Sales (including other operating income) | 2,210.57 | 2,004.46 | 10.28 | 6,328.28 | 5,984.79 | 5.74 | 8,169.12 | 7,652.73 | 6.75 | | OPM (%) | 23.41 | 21.57 | 184 bps | 23.07 | 23.69 | -63 bps | 22.84 | 22.85 | -2 bps | | OP | 517.46 | 432.36 | 19.68 | 1,459.74 | 1,417.93 | 2.95 | 1,865.55 | 1,748.83 | 6.67 | | Other Inc. | 91.55 | 104.32 | -12.24 | 277.60 | 216.17 | 28.42 | 313.40 | 245.53 | 27.64 | | PBIDT | 609.01 | 536.68 | 13.48 | 1,737.34 | 1,634.10 | 6.32 | 2,178.95 | 1,994.36 | 9.26 | | Interest | 18.73 | 15.76 | 18.85 | 51.15 | 47.19 | 8.39 | 63.89 | 62.37 | 2.44 | | PBDT | 590.28 | 520.92 | 13.31 | 1,686.19 | 1,586.91 | 6.26 | 2,115.06 | 1,931.99 | 9.48 | | Depreciation | 158.9 | 139.63 | 13.80 | 454.1 | 415.47 | 9.30 | 573.01 | 561.42 | 2.06 | | PBT | 431.38 | 381.29 | 13.14 | 1232.09 | 1171.44 | 5.18 | 1542.05 | 1370.57 | 12.51 | | Share of Profit/(Loss) from Associates | 4.77 | 5.14 | -7.20 | 13.47 | 15.88 | -15.18 | 21.14 | 25.15 | -15.94 | | PBT before EO | 436.15 | 386.43 | 12.87 | 1245.56 | 1187.32 | 4.91 | 1563.19 | 1395.72 | 12.00 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 436.15 | 386.43 | 12.87 | 1245.56 | 1187.32 | 4.91 | 1563.19 | 1395.72 | 12.00 | | Taxation | 105.57 | 92.99 | 13.53 | 301.3 | 293.25 | 2.75 | 389.72 | 342.2 | 13.89 | | PAT | 330.58 | 293.44 | 12.66 | 944.26 | 894.07 | 5.61 | 1173.47 | 1053.52 | 11.39 | | Minority Interest (MI) | -0.16 | -0.76 | 78.95 | 0.6 | -0.68 | PL | -0.4 | -2.85 | 85.96 | | Net profit | 330.74 | 294.2 | 12.42 | 943.66 | 894.75 | 5.47 | 1173.87 | 1056.37 | 11.12 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 330.74 | 294.2 | 12.42 | 943.66 | 894.75 | 5.47 | 1173.87 | 1056.37 | 11.12 | | EPS (Rs)* | 5.43 | 4.83 | 12.42 | 15.49 | 14.69 | 5.47 | 19.27 | 17.34 | 11.12 | | | * 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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| Container Corporation Of India : Consolidated Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
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| % of (Total) | 202312 | 202212 | Var.(%) | % of (Total) | 202312 | 202212 | Var.(%) | % of (Total) | 202303 | 202203 | Var.(%) |
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| Sales | | Exim | 64.99 | 1,436.65 | 1,269.89 | 13.13 | 64.98 | 4,112.23 | 3,889.64 | 5.72 | 63.82 | 5,213.74 | 5,290.35 | -1.45 | | Domestic | 35.01 | 773.92 | 734.57 | 5.36 | 35.02 | 2,216.05 | 2,095.15 | 5.77 | 36.18 | 2,955.38 | 2,362.38 | 25.10 | | Total Reported Sales | 100.00 | 2,210.57 | 2,004.46 | 10.28 | 100.00 | 6,328.28 | 5,984.79 | 5.74 | 100.00 | 8,169.12 | 7,652.73 | 6.75 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 2,210.57 | 2,004.46 | 10.28 | 100.00 | 6,328.28 | 5,984.79 | 5.74 | 100.00 | 8,169.12 | 7,652.73 | 6.75 | | PBIT | | Exim | 81.07 | 319.78 | 295.62 | 8.17 | 82.88 | 922.52 | 944.01 | -2.28 | 84.26 | 1,261.62 | 1,172.11 | 7.64 | | Domestic | 18.93 | 74.69 | 40.17 | 85.93 | 17.12 | 190.58 | 160.81 | 18.51 | 15.74 | 235.74 | 152.26 | 54.83 | | Total PBIT | 100.00 | 394.47 | 335.79 | 17.48 | 100.00 | 1,113.10 | 1,104.82 | 0.75 | 100.00 | 1,497.36 | 1,324.37 | 13.06 | | Less : Interest | | 18.73 | 15.76 | 18.85 | | 51.15 | 47.19 | 8.39 | | 63.89 | 62.37 | 2.44 | | Add: Other un-allcoable | | 60.41 | 66.40 | -9.02 | | 183.61 | 129.69 | 41.58 | | 129.72 | 132.47 | -2.08 | | PBIT Margin(%) | | Exim | | 22.26 | 23.28 | -102.05 | | 22.43 | 24.27 | -183.63 | | 24.20 | 22.16 | 204.24 | | Domestic | | 9.65 | 5.47 | 418.24 | | 8.60 | 7.68 | 92.46 | | 7.98 | 6.45 | 153.14 | | PBT | 100.00 | 436.15 | 386.43 | 12.87 | 100.00 | 1,245.56 | 1,187.32 | 4.91 | 100.00 | 1,563.19 | 1,394.47 | 12.10 |
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