Container Corporation of India (CONCOR) fell 0.70% to Rs 571.20 after consolidated net profit tanked 35% to Rs 180.89 crore in Q3 December 2019 (Q3 FY20) as against Rs 278.11 crore reported in Q3 December 2018 (Q3 FY19).
Net sales fell 7.7% year-on-year (Y-o-Y) to Rs 1,544.74 crore in Q3 FY20. The Q3 figures were announced after market hours on Friday, 7 February 2020.
Profit before tax slipped 19.9% to Rs 299.12 crore Y-o-Y. Current tax expenses slumped 31.5% to Rs 84.08 crore during the period under review.
Container Corporation of India is engaged in transportation of containers (rail and road), and handling of containers. The firm is also engaged in the operation of logistics facilities, including dry ports, container freight stations and private freight terminals.
As of 31 December 2019, the Government of India holds 54.96% stake in the company.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app