PSU Navratna Stock to Ex-Trade Today with 85% Dividend Payout—Last Chance to Buy!

Container Corporation of India (CONCOR), a leading railway logistics company, has announced an 85% interim dividend per share. The PSU Navaratna stock goes ex-trade today, making it the last day for investors to be eligible for the dividend payout.

The record date for the dividend has been set for February 6, 2025 (Thursday), meaning shareholders holding the stock as of this date will receive the declared dividend. Investors looking to benefit from this payout must ensure they purchase CONCOR shares before the ex-dividend date.

Concor Dividend Record Date

The company, in an exchange filing, said that, "The Board has declared a 3rd Interim Dividend for FY 2024-25 of 85%, i.e., Rs.4.25 per equity share of face value of Rs.5/- each, amounting to Rs.258.95 crores. The record date for the purpose of payment of interim dividend has been fixed as 06.02.2025. The interim dividend will be paid/ dispatched to the shareholders on or after 18.02.2025. The payment of the dividend will be made within 30 days of its declaration. "

CONCOR Dividend History

According to data from the Bombay Stock Exchange (BSE), the company declared a total of four dividends in the last year, comprising both interim and final dividends.CONCOR distributed ₹11.75 per share in dividends during 2024 with an interim dividend of Rs. 4.00 per share declared on February 2024 and Rs. 2.00 per share declared on August 2024. Rs. 2.50 per share final dividend declared in September 2024. Lastly, Rs. 3.25 per share was declared on November 2024.

Container Corporation of India (CONCOR) Q3 FY25 Results

Container Corporation of India (CONCOR) has released its financial results for the third quarter of FY25, reporting a 10.9% year-on-year (YoY) increase in net profit. The company's net profit stood at ₹366.7 crore, rising from ₹330.7 crore in the same quarter last year, reflecting improved earnings despite a challenging revenue environment.

However, revenue remained largely unchanged, witnessing a marginal decline of 0.1% to ₹2,208.3 crore, compared to ₹2,210.6 crore in the previous year's Q3 performance.

At the operating level, CONCOR reported a 10.1% YoY drop in EBITDA, which fell to ₹465 crore from ₹517.5 crore in Q3 FY24. Consequently, the EBITDA margin contracted from 23.4% last year to 21.1% this quarter, indicating higher operational costs and margin pressures.

Despite the dip in EBITDA and revenue, CONCOR's profit growth suggests strong cost management and efficiency improvements. Investors and analysts will closely monitor the company's future strategies to boost revenue and maintain profitability in the coming quarters.

CONCOR Shares Today

CONCOR shares opened 0.50% higher today at Rs.736.50, compared to the previous closing price. Despite this slight uptick, the stock has been on a declining trend over the past few months.

In the last 30 days, CONCOR has delivered a negative return of 6.39%. The stock has further depreciated by 12% in the past three months and has seen a steeper decline of 24% over the last six months.