“The forecast we are keeping to start this financial year at 12% on the volume and topline and bottomline as we did last year but we will try to improve upon things, said V Kalyana Rama, Chairman and Managing Director of Container Corporation of India (Concor).
Concor ended FY18 with a consolidated profit of Rs 1,070 crore, up 25.7% YoY, on sales of Rs 6,622 crore, a growth of 10.7% YoY.
Rama said, “Whatever strategies we adopted in the last year and in the last quarter, they have materialised very well. That has given a lot of push in the numbers as well as in the margins.”
Talking on expansion, he said fourth terminal at Jawaharlal Nehru Port Trust (JNPT) started working. So as the JNPT traffic increases, the lead automatically gets corrected. Nepal traffic started moving from Visakhapatnam, that has doubled the lead compared to Kolkata. So that also is helping in increasing the leads.
“There will be some stabilisation of leads around 700 kilometres even though we achieved a better lead this quarter,” said Rama.
On demand, he said company is very upbeat about domestic demand and are importing 10,000 new containers.