As per the company’s provisional business report released on July 13, the total throughput climbed by 8.9% to 14,04,821 twenty-foot equivalent units (TEUs) in the June quarter, compared to 12,90,101 TEUs during the same period last year.
EXIM container volumes saw an increase of 9.8% year-on-year, reaching 10,69,082 TEUs from 9,73,875 TEUs a year prior, while domestic container volumes went up by 6.2% to 3,35,739 TEUs from 3,16,226 TEUs.
The company noted that these throughput figures are provisional.
Earlier this month, CONCOR entered into a 15-year agreement with GAIL (India) to construct an LNG dispensing station at its Inland Container Depot in Ahmedabad. Under this agreement, GAIL will set up and manage the LNG retail outlet, while CONCOR will provide the land and essential utility connections to facilitate the shift toward cleaner fuel for heavy commercial vehicles operating at the logistics hub.
Last month, brokerage firm Jefferies reaffirmed its ‘Buy’ rating on CONCOR with a target price of ₹600, indicating that the stock had lagged behind the Nifty by nearly 50% since June 2024, due to sluggish growth in the container rail sector and setbacks in the government’s divestment plans.
However, the brokerage pointed out that much of the negative sentiment has already been factored into the stock’s valuation and anticipated better trade flows to aid a rebound in container volumes.
As of Tuesday, shares of CONCOR were trading 5.1% higher at ₹487.60. Despite this uptick, the stock has declined over 7% in 2026 and 21% in the past year.
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