Container Corporation of India's bottomline contracted in Q3FY16

Container Corporation of India (CCIL) recently declared its Q3FY16 numbers. The company's revenue declined by 3.25 per cent to Rs 1405 crore in Q3FY16 as compared to same period in previous financial year. Its total expenditure increased by 3.65 per cent to Rs 1125 crore in Q3FY16 on a yearly basis. CCIL's total expenditure increased largely due to a 6.91 per cent increment in retail freight expenses during the quarter.

CCIL's EBITDA decreased sharply by 23.67 per cent to Rs 280 crore in Q3FY16 as compared to same period in previous financial year. The company's EBITDA margin contracted by 533 basis points to 19.94 per cent in Q3FY16 on a yearly basis. Its other income too decreased by 4.6 per cent to Rs 81 crore in Q3FY16 as compared to same period in previous fiscal year. CCIL's net profit also reduced by 31.54 per cent to Rs 206 crore in Q3FY16 on a yearly basis. The company's net profit margin contracted by 606 basis points to 14.68 per cent in Q3FY16 as compared to same period in previous fiscal year.

Considering segment wise revenue, CCIL earned 80.66 per cent from EXIM segment; and remaining 19.34 per cent from Domestic segment during December 2015 quarter.

On nine month financials, CCIL's revenue increased by 6.16 per cent to Rs 4327 crore in 9MFY16 as compared to same period in previous financial year. However, the company's EBITDA decreased by 9.62 per cent to Rs 884 crore in 9MFY16 on a yearly basis. Its net profit also reduced by 14.43 per cent to Rs 646 crore in 9MFY16 as compared to same period in previous fiscal year.

The share price of CCIL declined by 3.11 per cent on bourses in early trades; and is trading at 1213.85 on an intraday basis.

CCIL is engaged in the transportation of containers through rail and road, as well as handling of containers. The company is also engaged in the businesses of cold chain and air cargo. Its segments include EXIM and Domestic, through which the CCIL is engaged in handling; transportation; and warehousing activities. The company services include transportation of containers; handling of containers; and operation of logistics facilities, including dry ports, container freight stations and private freight terminals. It has a network of approximately 62 Inland Container DepotsContainer Freight Stations (ICDsCFSs). CCIL transports approximately 36 million tons over an average area spanning approximately 1000 kilometers using rail infrastructure for transportation of containers. The company has a total of approximately 63 terminals, of which 13 are Exim terminals; 35 are combined container terminals; and 15 are domestic terminals.