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Motilal Oswal Report
Container Corporation of India Ltd. witnessed a robust performance over FY22, with 12% volume growth and robust margin improvement. Growth was driven by domestic volumes, which grew 32% in FY22 as against an 8% growth in EXIM volumes.
Going forward, Concor is very well placed to capitalize on the dedicated freight corridor opportunity. While it is already benefiting from the partial commissioning of the Rewari-to-Palanpur DFC (with a faster turnaround time and improved efficiency), additional benefits are expected to flow through once Jawaharlal Nehru Port Trust and Dadri is connected to the DFC. It aims to handle ~5 million twenty-foot equivalent units in FY23E.
The company is looking to enter into a long-term lease arrangement for its terminals owned by the Indian Railways and expects a development on that front soon.
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