Concor's profit falls 3.9% on flat revenue; Q4 was worse
FY26 revenue grew just **2.2%** to ₹9,059 crore while net profit shrank **3.9%**, with the final quarter's profit drop accelerating to **14.5%**.
— 5 earlier stories on Container Corporation Of India Ltd. →What's new
- FY26 consolidated PAT declined 3.9% to ₹1,222 crore on revenue of ₹9,059 crore.
- Q4 PAT fell 14.5% year-on-year, indicating a worsening profit squeeze at the year's end.
- The board proposed a final dividend of ₹1.00 per share, maintaining its payout level.
Why this matters
A 2.2% revenue increase that barely beats inflation is bad enough. That profit shrank 3.9% on that top line means costs grew even faster, eating into margins. The steeper 14.5% drop in Q4 suggests this squeeze worsened as the year closed.
What we're watching
- Resolution of the auditor-flagged land license fee uncertainty.
- The trajectory of aged trade receivables, another flagged risk.
- Whether FY27 revenue growth can accelerate to protect margins and the dividend.
The full read
Revenue of ₹9,059 crore in FY26 grew just 2.2%. Profit shrank 3.9% to ₹1,222 crore. Costs won. The final quarter was worse: Q4 PAT fell 14.5%. The gap between revenue and profit growth is the story. The board proposed a ₹1 per share final dividend, maintaining the payout level. The auditor's notes offer no surprises, but they don't offer comfort either. The land license fee dispute and aged receivables remain flagged as uncertainties. This is a routine results filing for a Navratna PSU. The concern is the direction: flat revenue and shrinking margins leave little room to move.
Questions answered
- Why did profit decline even as revenue grew?
- Revenue grew a modest 2.2% while costs rose faster, causing profit to shrink 3.9%. The 14.5% Q4 drop confirms the cost pressure intensified at year-end.
- What is the auditor's concern about the land license fee?
- The auditor flagged ongoing uncertainty around the land license fee as a material uncertainty, a carry-forward issue without new resolution.
- How severe was the Q4 performance compared to the full year?
- Q4 PAT declined 14.5% year-on-year, a much steeper fall than the full-year 3.9% drop. This indicates the profit margin compression accelerated in the last quarter.
- What dividend is being proposed?
- The board proposed a final dividend of ₹1.00 per share, consistent with the interim dividends already paid during FY26.
Container Corporation Of India Ltd.
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All notes on CONCOR →- 25 May 2026 · 7:26 PM IST Concor's profit falls 3.9% on flat revenue; Q4 was worse
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