CONCOR reports record Q2 throughput and optimistic growth outlook

CONCOR achieved its highest-ever Q2 throughput of 1.44 million TEUs, with operating income and PAT also reaching historical peaks. The board of directors approved a dividend of INR2.60 per share, totaling INR4.20 for the year, representing 84% of the share's par value. First-half FY'26 throughput grew 11% year-on-year, with EXIM up 10.2% and domestic up 13%. Exports increased by 3% to $220.1 billion, and imports rose by 4.5% to $375.1 billion.

The company's rail freight margin improved from 26.17% to 27.80%, and the operating margin increased from 30.47% to 31.44%. CONCOR spent INR420.35 crores on CAPEX against a budget of INR860 crores, with plans to increase this budget. Key growth drivers include new MOUs with UltraTech and Adani Cement for bulk cement movement, tank container orders, and initiatives in shipping and integrated logistics hubs.

Market share at JNPT increased from 57.5% to 59.4%, and at Pipavav from 48% to 50%, although Mundra Port saw a slight decrease from 38.8% to 36.2%. The company aims for 10% EXIM and 20% domestic volume growth in handling.