NewsEarningsCONCOR Reports 10.54% Growth in Q2 Throughput, Signs Strategic Agreement with UltraTech CementCONCOR Reports 10.54% Growth in Q2 Throughput, Signs Strategic Agreement with UltraTech Cement
Container Corporation of India Ltd. (CONCOR) achieved a 10.54% year-over-year increase in total throughput for Q2, with domestic segment growing 16.67% and EXIM segment 8.72%. CONCOR signed a strategic agreement with UltraTech Cement Ltd. on October 7 to transport bulk cement using specialized tank containers, aiming to promote sustainable logistics. The company scheduled a board meeting for November 11 to consider Q2 financial results and potentially declare a second interim dividend.
*this image is generated using AI for illustrative purposes only.
Container Corporation of India Ltd. (CONCOR), a Navratna PSU under the Ministry of Railways, has reported a significant increase in its total throughput for the quarter ending September, alongside a strategic partnership with UltraTech Cement Ltd.
Throughput Growth
CONCOR achieved a 10.54% year-over-year increase in total throughput for the quarter ending September. This growth indicates improved operational performance in the company's logistics and container handling business.
The breakdown of CONCOR's throughput performance is as follows:
| Segment | Q2 FY26 (TEUs) | Q2 FY25 (TEUs) | YoY Growth |
|---|---|---|---|
| EXIM | 10,93,453 | 10,05,755 | 8.72% |
| DOM | 3,47,271 | 2,97,647 | 16.67% |
| Total | 14,40,724 | 13,03,402 | 10.54% |
The domestic (DOM) segment showed particularly strong growth at 16.67% year-over-year, while the EXIM (Export-Import) segment grew by 8.72%.
Strategic Agreement with UltraTech Cement
In a significant move to promote rail-based cargo movement and support India's vision of sustainable logistics, CONCOR has entered into a strategic agreement with UltraTech Cement Ltd., India's largest cement manufacturer. The agreement, signed on October 7, focuses on transporting bulk cement using specialized tank containers.
Key points of the agreement include:
- CONCOR will provide dedicated rakes for bulk cement transportation across identified rail corridors.
- This initiative aims to promote a modal shift from road to rail, offering a more sustainable, efficient, and reliable alternative for cement transportation.
- The partnership is expected to streamline cement supply chains, reduce road congestion, lower transportation costs, and significantly cut down carbon emissions.
Outlook
This strategic move is anticipated to set new benchmarks in bulk logistics and pave the way for scalable, green logistics solutions in other sectors. By leveraging Indian Railways' extensive network and CONCOR's proven capabilities in logistics and multimodal transportation, this partnership could potentially reshape the landscape of cement logistics in India.
Upcoming Financial Results
CONCOR has scheduled a board meeting for November 11 to consider and approve the unaudited financial results for the quarter and period ended September 30. The board may also consider declaring a second interim dividend during this meeting.
Investors and stakeholders should note that the trading window for CONCOR's equity shares is closed for designated persons and their immediate relatives from October 1 until 48 hours after the declaration of the financial results.
As CONCOR continues to show growth in its core operations and explores strategic partnerships, investors will be keenly watching the upcoming financial results for further insights into the company's performance and future prospects.
Historical Stock Returns for Container Corporation of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.54% | +0.01% | -5.53% | -17.87% | -22.18% | +56.00% |
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