Wednesday marks the last day for investors to purchase Container Corp. shares to qualify for the third interim dividend for financial year 2025.
The company has declared an interim dividend of Rs 4.25 per equity share with a face value of Rs 5, amounting to a total payout of Rs 258.95 crore. The record date for eligibility is set for Thursday.
Under the T+1 settlement cycle, shares must be bought a day earlier — on Wednesday — for investors to be included in the company's records and receive the dividend.
The interim dividend will be paid or dispatched to shareholders on or after Feb. 18 and within 30 days of its declaration. Earlier this fiscal, the logistics provider had paid an interim dividend of Rs 3.25 per share on Nov. 14 and a final dividend of Rs 2.50 per share on Sept. 17.
The company reported an 11% rise in net profit to Rs 366.7 crore for the December quarter, compared to Rs 330.7 crore in the year-ago period. Revenue declined marginally by 0.1% to Rs 2,208.3 crore from Rs 2,210.6 crore. Meanwhile, earnings before interest, taxes, depreciation, and amortisation fell 10.1% to Rs 465 crore, with margins narrowing to 21.1% from 23.4% in the same period last year.
Container Corp Q3 FY25 Earnings Snapshot
Container Corp. of India Q3 FY25 (Consolidated, YoY)
Revenue down 0.1% to Rs 2,208.3 crore versus Rs 2,210.6 crore.
Ebitda down 10% to Rs 465 crore versus Rs 517 crore.
Margin narrows to 21.1% versus 23.4%.
Net profit rises 11% to Rs 366.7 crore versus Rs 330.7 crore.
Shares of the company closed 1.76% higher at Rs 732.70 per share, compared to a 1.62% advance in the NSE Nifty 50. It has fallen 21.25% in the last 12 months.
Thirteen out of the 22 analysts tracking the logistics firm have a 'buy' rating on the stock, three recommend a 'hold' and six suggest a 'sell', according to Bloomberg data. The average of 12-month analysts' price targets on the stock is Rs 860.67, implying a potential upside of 17.5%.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.