Container Corporation of India Ltd — Q1 FY26
Container Corporation of India reported an all-time high Q1 throughput of 1.29 million TEUs, up 11.3% YoY, driven by 12% Exim growth and a 9% domestic increase.
bullish
high
✓ Verified against BSE filing
Claim Ledger
Did management answer the analysts?
Every material analyst question, graded on whether management actually answered it — with the verbatim exchange and quantitative claims checked against filed numbers.
71%Questions answered1Evaded / deflected12Questions auditedContradictedNumbers vs filing
Partial answer
High priority
Domestic volume and realization dynamics and competitive intensity.
Asked by Disha Girya, Ashika Institutional Desk
Management gave qualitative optimism but no specifics on competitive intensity or realization trends.
no specific competitive intensity detailsqualitative only
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Question
So what we have seen in the past is whenever there has been a volume thrust a volume increase the realization has gone down... So could you give us a competitive intensity of what the market dynamics is right now in the domestic market?
Management (CMD)
Yeah, as I informed you that domestic the growth was muted in the first quarter and now we are seeing very good growth in domestic and we are getting return traffic also. So empty running is coming down...
Partial answer
Medium priority
Quantitative demand and contribution of bulk cement containers.
Asked by Disha Girya, Ashika Institutional Desk
Management gave market size but no quantitative contribution estimate for the full year.
no specific contribution guidancequalitative only
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Question
So if you could just give us some quantitative numbers on how the demand has been and how is it processing out in the market and what do you expect it to contribute to the total volume for the full year?
Management (CMD)
See demand is enormous like we do around 14 to 15 million tons in domestic every year. So demand is only bulk cement and tank containers can add same volume every year. So hardly 9 to 10% is moving by rail.
Answered
Medium priority
Employee cost one-off and normative range going forward.
Asked by Disha Girya, Ashika Institutional Desk
Management gave a clear percentage (5% of turnover) for employee cost going forward.
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Question
So going forward for the other quarters can we expect the normative range of employee cost how would that been in the past year?
Management (CMD)
See this was actually adoration that we announced an award but normally as I told you as you are aware of course that our employee cost is usually around 5% of our turnover. So we will be ending there on that number only.
Answered
High priority
Originating volumes for exim and domestic.
Asked by Bhumika Nyer, DAM Capital
Management provided exact originating volume numbers for exim, domestic, and total.
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Question
Yes sir. Sir, first if you can just share the originating volumes for both exim and domestic.
Management (CMD)
Yeah, I'll tell you. Originating volume for exim 53109 domestic 121624 and total 652723.
Answered
Medium priority
One-time employee cost amount.
Asked by Bhumika Nyer, DAM Capital
Management provided the exact one-time employee cost of 18 crore rupees.
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Question
Um sir in terms of the you spoke about one-time employee how much would that award be?
Management (CMD)
We gave one month salary to them. You want number? Yes sir. The onetime cost number around 18 cr rupees.
Partial answer
Medium priority
Volume discount amount and outlook.
Asked by Bhumika Nyer, DAM Capital
Management initially gave a percentage, then later confirmed 21 crores after follow-up.
no exact amount given initiallylater clarified as 21 crores
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Question
And you also spoke about volume discount that happened in the first quarter this time. What was that amount and how should we look at it going ahead?
Management (CMD)
See actually that was a one time that was an you can say reconciliation kind of thing that was done. So it will have around 1% impact you can say 1% of revenues.
Answered
High priority
Lead distance and demand outlook for July/August.
Asked by Bhumika Nyer, DAM Capital
Management provided exact lead distances and gave a qualitative demand outlook.
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Question
The other thing was you spoke about lead distance is coming down because of demand being weak. Can you give the lead distance and how is the demand now panning out in July August?
Management (CMD)
Now the lead distance is for this quarter for exim it was 688 kilometers and domestic it was 1356 km total 792 km. So now the demand is very good as I told you in Q2.
Partial answer
High priority
Confidence in exim growth on a high base next quarters.
Asked by Priyanker Biswas, JM Financial
Management cited current growth maintenance but did not address the high base concern directly.
no specific forward guidancedeferred to current trends
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Question
Given that even on a weak base we were not able to deliver a very strong growth. So what gives us the confidence that in the next two quarters we will have growth on a relatively high base?
Management (CMD)
As I told you in this quarter you are right it was around 4 lakh 81,000 last year in exim originating but we are able to give 10.2% growth in that and for Q2 I can tell you same growth is being maintained.
Deflected
Medium priority
Pricing landscape vs other CTOs and road.
Asked by Priyanker Biswas, JM Financial
Management declined to provide specific pricing comparisons, citing confidentiality.
refused to disclosecited commercial sensitivity
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Question
Can you comment on the pricing landscape? How does our pricing stand versus other CTOs and what is comparable pricing for roads?
Management (CMD)
Pricing normally what we do is we take road rates into comparison we don't see what our CTOs are offering... more than that I cannot disclose in the conference call these are commercial decisions.
Partial answer
Medium priority
First mile last mile mix and profitability impact.
Asked by Achal Lohari, Noama
Management gave the mix percentage but did not quantify the profitability impact.
no profitability impact quantified
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Question
In terms of the first mile last mile what is the mix in one queue and how do you see it changing and what kind of impact does it have on profitability?
Management (CMD)
The first mile last mile we are able to do of a total volume 30 around 35% we are able to do first mile last mile in Q1 also we are able to do 35%.
Answered
High priority
Exim realization decline reasons.
Asked by Achal Lohari, Noama
Management directly attributed the realization decline to lead distance reduction.
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Question
If I look at the segmental revenue and volume for exim I get a realization decline about 4% yoy any particular reason?
Management (CMD)
Actually you have mentioned correctly lead is the only reason because of the 4% decline in lead and less demand in north India that was the only reason for less realization.
Answered
High priority
Market share by port and overall exim.
Asked by Achal Lohari, Noama
Management provided exact market share percentages for key ports and overall exim.
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Question
If you could help us with the market share for port wise and also the port mix sir.
Management (CMD)
At JNPT our market share is 58.39%. In Q1 last year it was 56.02%. Mundra port it is 36% last year it was 38%. Sipawa it was 49% same as last year.
Quantitative claims vs filed numbers
| Claim | Management said | Filing | Verdict |
|---|---|---|---|
| First mile last mile revenue 98 crore rupees in Q1 | ₹98 cr | ₹2,154 cr | Understated vs filing |
Filed figures sourced from Screener.in. Claims within a small tolerance of the filing are marked “matches filing”.