New Delhi, March 5 -- Indian Railways (IR) latest data indicates a sluggish growth trend in container volumes, raising concerns over the performance of container train operators (CTOs) in Q4FY25, according to a report by Nuvama.

For FY25-to-date (April 2024 - February 2025), IR's container volumes stood at 80.6 mnt, reflecting a modest 4.1 per cent YoY growth. However, EXIM container volume growth is estimated at just 0-2 per cent YoY, signalling continued weakness in the sector.

Although actual trade volume data is unavailable, estimates suggest that India's containerisable EXIM cargo (imports + exports) increased 9 per cent YoY in value terms between April-November 2024. However, a sharp 10 per cent YoY contraction in November 2024 ra...