On Thursday, August 8, the State-owned Container Corporation of India Ltd (CONCOR) announced a year-on-year (YoY) net profit increase of 5.8%, reaching Rs 259.4 crore for the first quarter ending June 30, 2024.
CONCOR Q1 Result
The largest container train operator in the country reported a nearly 14% increase in consolidated net profit, reaching 3.17 billion rupees (approximately $38 million) for the three-month period ending in March. This growth was supported by strong commercial activity and healthy domestic consumption in India, as well as a revival in global trade, which enhanced cargo movement both into and out of the nation, positively impacting freight handling companies like CONCOR.
CONCOR Q1 Net Profit
Total revenue grew by 6.4% to reach 23.25 billion rupees, primarily fueled by a 9% increase in EXIM revenues. This vital segment made up 62% of the quarterly revenue, aided by a volume growth of 9.7%.
Container Corp Concor Share Price Today is Rs 997
For the reporting quarter, the EBITDA margin was 21%, reflecting an increase from 20.6% in the first quarter of FY24. EBITDA is the measure of earnings before interest, tax, depreciation, and amortization.
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