New Delhi | Container Corporation of India Ltd. (CONCOR), the Navratna public sector logistics major, reported a steady financial performance for the third quarter of FY26, even as margins moderated amid higher costs and accounting adjustments. The company’s Board of Directors, at its meeting held on Thursday, approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, and announced a third interim dividend.
Q3 Financial Performance
On a standalone basis, CONCOR posted a Profit After Tax (PAT) of ₹329.12 crore for the December quarter, compared with ₹343.44 crore in the corresponding quarter last year. Revenue from operations rose to ₹2,301.72 crore, up from ₹2,201.90 crore in Q3 FY25.
Profit Before Tax (PBT) stood at ₹432.54 crore, while Earnings Per Share (EPS) came in at ₹4.32, slightly lower than ₹4.51 a year ago.
For the nine-month period ended December 2025, the company reported a standalone PAT of ₹963.58 crore on revenue of ₹6,802.61 crore. On a consolidated basis, PAT for the same period stood at ₹956.58 crore.
Interim Dividend Announcement
The Board declared a third interim dividend of 68%, amounting to ₹3.40 per equity share with a face value of ₹5. The total dividend payout is estimated at ₹258.95 crore. The record date has been fixed as February 9, 2026, and the dividend will be paid on or after February 16, 2026.
Segment Performance
The EXIM (Export-Import) segment remained the primary growth driver, generating ₹1,533.19 crore in revenue and ₹365.84 crore in segment profit during the quarter. The Domestic segment reported revenue of ₹768.53 crore.
Key Accounting and Cost Developments
CONCOR revised the estimated useful life of its LNG trucks and trailers from eight years to 15 years, following confirmation from original equipment manufacturers. This change reduced depreciation expense by ₹4.64 crore for the nine-month period, providing a positive impact on profitability.
The company also made a provision of ₹327.15 crore during the nine months toward Land License Fee (LLF) payable to Indian Railways. The provision is based on management’s assessment under the Railways’ Master Circular and remains subject to final determination. Owing to the uncertainty, CONCOR has not recognized any Right-of-Use (ROU) asset or lease liability under Ind AS 116.
Auditors’ Observations
Statutory auditor Hem Sandeep & Co. issued an unqualified limited review report. However, the auditor emphasized the uncertainty surrounding LLF provisioning and the impact of the revised useful life of LNG vehicles on depreciation.
In the consolidated financial statements, the auditor also highlighted material uncertainty regarding the going concern status of CONCOR Air Limited, following the termination of its Mumbai airport operations and the launch of a new business model in October 2025.
Outlook
CONCOR continues to maintain a strong balance sheet and remains a dominant player in India’s multimodal logistics sector. The interim dividend announcement underscores the company’s commitment to shareholder returns. Going forward, its performance is expected to remain closely linked to global trade volumes and domestic industrial activity.
About CONCOR
Container Corporation of India Ltd. is a Navratna Public Sector Enterprise under the Ministry of Railways and India’s leading provider of multimodal logistics and supply chain solutions, specializing in containerized cargo transportation by rail and road.