CONCOR total volumes decline about 4% in Q4

Container Corporation of India (CONCOR) informed that its total physical volumes handled fell 3.85% to 9,41,270 twenty foot equivalent units (TEUs) in Q4 March 2020 from 9,78,930 TEUs in Q4 March 2019.

The company's total handled physical volumes for the period ended on 31 March 2020 stood at 37,47,758 TEUs, down by 2.13% from 38,29,419 TEUs for the period ended on 31 March 2019.

While CONCOR's export and import trade (EXIM) volumes contracted by 5.03%, its domestic (DOM) volumes rose by 2.10% in Q4 March 2020 over Q4 March 2019.

In the period ended March 2020, the EXIM volumes stood at 31,54,596 TEUs (down 2.79% YoY) and its DOM volumes stood at 5,93,162 (up 1.54% YoY). The disclosure was made on Saturday (11 April 2020).

On a consolidated basis, the company's net profit fell 35% to Rs 180.89 crore on a 7.7% decline in net sales to Rs 1544.74 crore in Q3 December 2019 over Q3 December 2018.

CONCOR 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.

Shares of CONCOR rose 11.86% to Rs 374.45 on Thursday (9 April 2020). The market was shut on Friday, 10 April 2020, for a public holiday.

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