Revival in EXIM volumes to drive growth ahead

Company
29 Jan 2024
5 Min read 
  • Container Corporation (CCRI) reported volume growth of 6% YoY in 3QFY24.
  •  Revenue grew 11% YoY to INR22b, slightly below estimates.
  •  Margins are expected to remain stable, with EBITDA margin at 23.2%.
  •  CCRI maintains a market share of 55-60% in EXIM container volumes.
  •  The company expects 10% volume growth in the EXIM segment for FY24.
  •  Reiterate BUY rating with a target price of INR990.
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