• Sales of Exim segment has gone up 22% to Rs 1,383.75 crore (accounting for 71.35% of total sales) facilitated by higher volume and increase in realisation. Exim throughput for the period was up 11% to 858544 TEUs and it's per TEUs realisation up 11%.  Sales of Domestic segment has gone up 27% to Rs 555.52 crore (accounting for 28.65% of total sales) with its volume jump by strong 21% to 200387 TEUs. Domestic per TEU realisation was up 5%.   
• Profit before interest, tax and other un-allocable items (PBIT) has slumped 64% to Rs 136.57 crore.  PBIT of Exim segment fell 55% to Rs 154.95 crore (accounting for 113.46% of total PBIT).  PBIT of Domestic reported loss of Rs 18.38 crore compared to profit of Rs 39.74 crore.  
• PBIT margin of Exim segment fell from 30.3% to 11.2%.  PBIT margin of Domestic segment fell from 9.1% to -3.3%.  Overall PBIT margin fell from 24.4% to 7.0%.  
• The company for Q4FY21 has paid a Land License Fee of Rs 163.58 crore (balancing figure between FY21 and 9mFY21) as per extant policy of Railways (newly changed LLF policy).
• In the previous years, the Company was providing liability for Post-Retirement Medical Benefits for already retired employees. During the sequential previous quarter actuarial valuation has been got done for the expected liability for all the employees of the Company. Due to this, during the quarter ended March 31, 2021, an amount of Rs 17.73 crore has been charged to Profit &Loss Account.

 Consolidated net sales (including other operating income) for the quarter has increased 24% to Rs 1956.69 crore.  Operating profit margin has slumped from 30.4% to 10%, leading to 59% decline in operating profit to Rs 195.68 crore. Other income fell 2% to Rs 73.22 crore.  Provision for interest fell 19% to Rs 10.74 crore.  Provision for depreciation fell 1% to Rs 140.18 crore.  Profit before tax shrink 71% to Rs 117.98 crore.  EO was an expense of Rs 78.65 crore compared to an income of Rs 9.23 crore in the corresponding previous period. Thus the PBT after EO was down 90% to Rs 39.33 crore. Provision for tax was expense of Rs 20.75 crore, compared to Rs 97.28 crore. Thus the PAT was down 94% to Rs 18.58 crore. The PPT was nil compared to RS 0.13 crore in the corresponding previous period. Share of profit/loss was 107% higher at Rs 6.39 crore.     MI was a share of loss of Rs 0.67 crore compared to a share of profit of RS 5.99 crore. Net profit attributable to owners of the company decreased 92% to Rs 25.64 crore.  

Yearly performance

Net sales (including other operating income) has declined 1% to Rs 6,384.96 crore with its throughput down 3% to 3643330 TEUs.  Operating profit margin has fallen from 25.9% to 16.2%, leading to 38% fall in operating profit to Rs 1,032.86 crore.  Employee cost increased from 4.84% to 6.66%.  Freight charges rose from 54.04% to 54.11%.   Other direct service cost rose from 11.56% to 18.89%.    Other expenses rose from 3.7% to 4.2%.   

Other income up 2% to Rs 285.48 crore.  Provision for interest fell 6% to Rs 33.96 crore.  Provision for depreciation rose 2% to Rs 521.92 crore. Profit before tax down 46% to Rs 762.46 crore.  Extraordinary items were an expense of Rs 83.36 crore, a fall of 91%. Thus on deflated base, the PBT after EO was up 30% to Rs 679.10 crore.   Provision for tax was expense of Rs 175.77 crore, up 19% compared to Rs 148.18 crore.  Profit after tax rose 34% to Rs 503.33 crore.  

• Sales of Exim segment has gone down 4% to Rs 4,712.99 crore (accounting for 73.81% of total sales).  Sales of Domestic segment has gone up 8% to Rs 1,671.97 crore (accounting for 26.19% of total sales).  
• Profit before interest, tax and other un-allocable items (PBIT) has jumped 55% to Rs 694.70 crore.  PBIT of Exim segment rose 75% to Rs 646.36 crore (accounting for 93.04% of total PBIT).  PBIT of Domestic segment fell 40% to Rs 48.34 crore (accounting for 6.96% of total PBIT).  
• PBIT margin of Exim segment rose from 7.5% to 13.7%.  PBIT margin of Domestic segment fell from 5.24% to 2.9%.  Overall PBIT margin rose from 6.9% to 10.9%.  
• Till the financial year 2019-20, CONCOR has been paying Land License Fee (LLF) to the Railways on the railway land leased to it on the basis of number of Twenty Foot equivalent units (TEUs) handled. Ministry of Railways, Government of India vide its order no.2015/LML-II/ 13/4 dated 19.03.2020, had communicated that the LLF applicable on the Railway land leased to CONCOR shall now be charged w.e.f. 01.04.2020 as per extant policy of Railways i.e. @6% of the value of land, which will be further increased 7% annually. Accordingly, as per the company assessment, an amount of Rs 517.39 crore has been paid as Land License fee to Indian Railways in current financial year as per extant policy of Railways.
• In the previous years, the Company was providing liability for Post-Retirement Medical Benefits for retired employees. However, during the current year actuarial valuation has got done for the expected liability for all employees of the Company, as all' employees after superannuation or separation after rendering services for continued period of 20 years are entitled for such benefits. Due to this, during the current year, an amount of Rs 72.84 crores has been provided, out of which Rs 67.33 crores has been charged to Statement of Profit & Loss and Rs 5.51 crores has been included in Other Comprehensive Income.

Consolidated net sales (including other operating income) has declined 2% to Rs 6427.08 crore.  Operating profit margin has slumped from 25.9% to 16.3%, leading to 38% decline in operating profit to Rs 1,046.80 crore.  Other income rose 6.70% to Rs 270.41 crore.  Provision for interest fell 7% to Rs 42.9 crore.  Provision for depreciation rose 2% to Rs 553.38 crore.  Profit before tax shrink 47% to Rs 720.93 crore.  Extraordinary items were an expense of Rs 78.65 crore, a fall of 91%. Thus on deflated base, the PBT after EO was up 27% to Rs 642.28 crore. Provision for tax was expense of Rs 172.98 crore, up 25% compared to Rs 137.96 crore. Thus PAT was up 28% to Rs 469.30 crore.  The PPT was nil compared to RS 0.13 crore in the corresponding previous period. Share of profit/loss was down 19% to Rs 31.31 crore.     MI was a share of loss of Rs 4.53 crore compared to a share of profit of RS 2.18 crore. Net profit attributable to owners of the company increased 25% to Rs 505.14 crore.  

Other developments

SEIS: CONCOR had recognized during the financial year 2015-16 to 2018-19 an amount totalling to Rs 1044.03 crores as the income on account of benefit available under Service Export from India Scheme (SEIS). The availability of this benefit to CONCOR was also confirmed through legal opinions. In FY-2019-20 Directorate General of Foreign Trade (DGFT}, disallowed Rs.86 1.05 crores of claim for SEIS by stating that services towards customs transit of foreign liners sealed containers by rail transport placed under customs control to/from ICDs are not eligible for SEIS, for which provision was made by the company and it also filed appeal against the same at the appropriate level. The balance claim of SEIS amounting to Rs.182.98 crores for which scrips were issued to the company, the same have been monetized in Quarter ended Sep 2020.

Equity capital stood at Rs 304.65 crore as of 31 March 2021 to Rs 304.65 crore as of 31 March 2020.  Per share face Value remained same at Rs 5.00.  

Promoters' stake was 54.80% as of 31 March 2021,compared to 54.80% as of 31 March 2020.  

The Board of Directors has proposed final Dividend of Rs 2 per equity share (face value of Rs 5 per equity share) amounting to Rs 121.86 Crore.