Stock Analysis

Container Corporation of India Full Year 2024 Earnings: Misses Expectations

Simply Wall St

May 22, 2024

Container Corporation of India (NSE:CONCOR) Full Year 2024 Results

Key Financial Results

Revenue: ₹86.5b (up 5.9% from FY 2023).
Net income: ₹12.6b (up 7.4% from FY 2023).
Profit margin: 15% (in line with FY 2023).
EPS: ₹20.69 (up from ₹19.27 in FY 2023).

revenue-and-expenses-breakdown — NSEI:CONCOR Revenue and Expenses Breakdown May 22nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Container Corporation of India Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 4.1%.

The primary driver behind last 12 months revenue was the EXIM segment contributing a total revenue of ₹55.5b (64% of total revenue). Notably, cost of sales worth ₹53.7b amounted to 62% of total revenue thereby underscoring the impact on earnings.Explore how CONCOR's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Transportation industry in Asia.

Performance of the market in India.

The company's shares are up 6.5% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Container Corporation of India that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.