Shares of Container Corporation of India (CONCOR) fell sharply on Wednesday, October 1, after the company reported its business update for the second quarter and the first half of the financial year 2027.
CONCOR’s volumes in the second quarter and the first half of this fiscal were sharply lower in comparison to the company’s overall guidance for FY27.
According to its exchange filing, CONCOR’s total volumes handled increased 0.53% to 14.48 lakh twenty-foot equivalent units (TEUs) from 14.4 lakh TEUs in the year-ago period.
While its total volumes in the second quarter increased 0.5%, EXIM was down 0.1%. Its domestic volume growth in the September quarter was at 2.43%.
In the first half of FY27, CONCOR’s total volume increased 4.5% compared to its FY27 guidance of 18%. Its EXIM volumes in the period were up 4.6%, while it had guided for 15% in FY27.
The company’s domestic volumes also increased just 4.2% in the first half of this fiscal, while the company had guided for 25% in FY27.
In an interaction with CNBC-TV18 on August 1, Sanjay Swarup of CONCOR had revised the EXIM volume guidance for financial year 2027 to 15% from 8%, while the total volume growth guidance was revised higher to 18% from 9.5% earlier.
Domestic volume growth guidance was also raised to 25% from 15% earlier.
CONCOR shares fell 3.5% to hit an intraday low of ₹426 per share on Wednesday. The stock was just 1% away from hitting its 52-week low of ₹421.45 apiece.
The stock was down 3.1% at ₹428.2 apiece. It has fallen 12.1% in the past month and has declined 18.3% in 2026, so far.
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