Container Corporation of India Limited
7,027words
58turns
5analyst exchanges
5executives
Management on call
V. Kalyana Rama
CHAIRMAN AND
Pk Agrawal
DIRECTOR (DOMESTIC)
Sanjay Swarup
DIRECTOR (INTERNATIONAL
Manoj Dubey
DIRECTOR (FINANCE)
Bhoomika Nair
DAM CAPITAL
Key numbers — 40 extracted
30%
35%
rs,
95%
10%
12%
15%
0%
25.60%
INR 95.6 crore
INR 113.8 crore
INR 450 crore
Guidance — 20 items
V. Kalyana Rama
opening
“We are very sure of our domestic segment growth and in EXIM segment also we are hopeful that we will be able to achieve growth in that and by the end of the year.”
V. Kalyana Rama
opening
“This year we'll be adding the artificial intelligence based system on the trial basis at Container Corporation of India Limited August 05, 2022 Tughlakabad very soon, which will be giving the customer a real time experience of the cargo handling and cargo movement, at ICD on both export import side and the domestic side.”
V. Kalyana Rama
opening
“So this very soon we are starting and replicating that will be very fast at all the depots.”
V. Kalyana Rama
opening
“This will be giving a complete different dimension towards customer experience.”
V. Kalyana Rama
opening
“And these phases, will be completed within a year’s time, both the phases.”
V. Kalyana Rama
opening
“So with the same effort, we will be able to handle more cargo.”
V. Kalyana Rama
opening
“This is an ongoing process and in high capacity rakes, as of now, we already introduced 31 rakes and the total addition in this will be, as I mentioned to you earlier, 276 out of the 31 already done.”
V. Kalyana Rama
opening
“And in this year, we are aiming to introduce we thought of introducing more rakes, but there are certain issues with the rail wheels availability in India, because there's only one government factory producing wheels.”
V. Kalyana Rama
opening
“So we will be adding continuously and this will be there, vis-a-vis whole demand forecast demand for cars.”
V. Kalyana Rama
opening
“They will be starting very soon Paradip.”
Risks & concerns — 3 flagged
Because of the geopolitical factors the addition of new assets is a challenge now.
— V. Kalyana Rama
We keep the number with us, but it'll difficult to share it with you right now,
— Sanjay Swarup
Just last clarification on this LLF last year when we did the INR 465 crore provision for the LLF charge, does that include some higher provision than what was actually paid off, and which is why this year there is a decline that is the way to think about it.
— Bhoomika Nair
Q&A — 5 exchanges
Speaking time
14
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Opening remarks
V. Kalyana Rama
Ladies and gentlemen good day and welcome to the CONCOR Q1 FY ‘23 earnings conference call hosted by DAM Capital Advisors Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing” *” then “0” on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms Bhoomika Nair from DAM Capital Advisor Limited. Thank you and over to you. Thanks. Good morning, everyone and a warm welcome to the Q1 FY ‘23 Earnings Call of Container Corporation of India. We have the management today being represented by Mr. V. Kalyana Rama Chairman and Managing Director and his entire team. I will hand over this call now to Mr. Rama for initial remarks post which we will open up the floor. Over to you, sir Yes. Thank you Bhoomika. Good morning to all of you. I'm