CONCOR Q4 Results: Net profit falls 1.6% to ₹298.5 crore; 40% Dividend, 1:4 bonus issue declared

CONCOR Q4 Results: Container Corporation of India reported a 1.6% fall in fourth-quarter profit on Thursday, hurt by a revenue drop in its domestic cargo services. The state-run rail logistics company's consolidated net profit fell to ₹298.5 crore for the three months ending March 31, from ₹303 crore in the year-ago period.

Revenue from its domestic segment, which provides logistics services within India, shrunk about 10%, pushing down its overall revenue by 1.6%. Revenue also saw a slight decrease of 1.6%, amounting to ₹2,287.8 crore compared to ₹2,325 crore in Q4 FY24.

The Board has declared a Final Dividend of Rs.2.00 (40%) per equity share of face value of Rs.5 / each for the year 2024-25. This Final Dividend is in addition to Interim Dividend @40% (i.e. Rs.2.00 per share of Rs.5.00 each), 2nd Interim Dividend @65% (i.e. Rs.3.25 per share of Rs.5.00 each) and 3rd Interim Dividend @85% (i.e. Rs.4.25 per share of Rs.5.00 each) already paid during the year.

"The above final dividend of Rs.2.00 (40%) per equity share is subject to approval of shareholders at the ensuing Thirty Seventh Annual General Meeting of the Company," said CONCOR in its exchange filing.

Pursuant to Regulation 42 of Listing Regulations, the record date to determine the shareholders who will be eligible to receive the final dividend will be 06.06.2025 (Friday). The payment of final dividend, if approved by the Shareholders will be completed with thirty days from the date of Annual General Meeting.

The company's EBITDA fell by 10%, standing at ₹526.6 crore, down from ₹585.7 crore in the previous year. This decline led to a drop in EBITDA margin to 23%, compared to 25.2% in the same quarter last year.

Despite the dip in profits and revenue, CONCOR’s board approved a bonus issue, offering 1 new share for every 4 shares held by existing shareholders.