CONCOR delivers stable Q3 performance, declares substantial interim dividend

NEW DELHI : Container Corporation of India Ltd. (CONCOR), reported a steady financial performance for the quarter and nine months ended December 31, 2025, underscoring its resilience amid evolving market conditions. The Board of Directors, in its recent meeting, approved the unaudited standalone and consolidated financial results, and announced a significant interim dividend for shareholders.

Quarterly Financial Highlights (Standalone):
For the third quarter of FY 2025–26, CONCOR recorded a robust Revenue from Operations of ₹2,301.72 crore, up from ₹2,201.90 crore in the corresponding period last year. While Profit Before Tax (PBT) came in at ₹432.54 crore (compared with ₹459.60 crore), and Profit After Tax (PAT) was ₹329.12 crore (against ₹343.44 crore), the company maintained solid profitability. Earnings Per Share (EPS) stood at ₹4.32, modestly lower than the ₹4.51 reported in Q3 FY25.

For the nine-month period ending December 31, 2025, CONCOR delivered a standalone PAT of ₹963.58 crore on revenue of ₹6,802.61 crore. On a consolidated basis, PAT for the period was ₹956.58 crore, reflecting continued operational stability.

Dividend & Shareholder Returns:
In a strong signal to investors, the Board approved a 3rd Interim Dividend of 68%, equivalent to ₹3.40 per equity share (face value ₹5). The total payout amounts to ₹258.95 crore. The record date is fixed as February 9, 2026, and dividends will be disbursed on or after February 16, 2026.

Operational and Strategic Developments:

EXIM Segment Remains Growth Engine: The Export-Import (EXIM) business continued to lead the performance charts, contributing ₹1,533.19 crore in revenue and ₹365.84 crore in segment profit in Q3. The Domestic segment delivered ₹768.53 crore.

LNG Fleet Depreciation Revision: Based on OEM recommendations, CONCOR revised the useful life of its LNG trucks and trailers from 8 to 15 years, resulting in a depreciation reduction of ₹4.64 crore for the nine-month period — providing a positive impact on the bottom line.

Provision for Land License Fee (LLF): The corporation has provisioned ₹327.15 crore towards LLF payable to Indian Railways, guided by the Railways’ Master Circular. Given ongoing uncertainty around final determination, no Right-of-Use (ROU) asset or lease liability has been recognised under Ind AS 116.

Auditors’ Review — Key Observations:
Statutory auditors Hem Sandeep & Co. issued a clean limited review report, while drawing attention to two principal matters: the LLF provisioning and the non-recognition of ROU assets due to unsettled lease terms with Indian Railways, and the revised useful life estimate of LNG vehicles affecting depreciation.

In the consolidated results, the auditors also flagged a material uncertainty related to CONCOR Air Limited, its subsidiary, owing to the termination of operations at Mumbai airport and ongoing transition to a new business model initiated in October 2025.

Outlook:
CONCOR continues to uphold a strong balance sheet and remains strategically positioned in India’s multimodal logistics ecosystem. With its performance tied closely to global trade activity and domestic industrial demand, the corporation’s sustained focus on efficiency and shareholder value — evidenced by the healthy interim dividend — reinforces its role as a pivotal logistics enabler for the nation