Container Corporation of India（CCRI.IB）Weak volume and margins amidst strong sectoral growth
2024-08-12 02:50
ab 11 August 2024 Global Research and Evidence Lab First Read Container Corporation of India Weak volume and margins amidst strong sectoral growth EXIM originating volume growth of just 3%, well below sector growth In Q1, Concor registered revenue growth of 9% YoY with EBITDA growth of 10% yoy. EXIM originating volume grew just 3% YoY, while we believe that sector growth was of the order of 9-10%. Domestic originating volume improved strongly, up 20% YoY. Higher freight expenses, only selective pass-through ...