MUMBAI (Reuters) - State-owned Container Corporation of India recorded a 14 percent drop in standalone net profit for the three months to the end of June, the company said in a statement.
Its net profit for the April-June quarter came in at 1.78 billion rupees ($26.67 million), missing expectations.
Analysts had estimated a net profit of 2.01 billion.
Its income from operations for the quarter was 13.39 billion rupees, down 5.7 percent.
($1 = 66.7492 Indian rupees)
(Reporting by Promit Mukherjee; Editing by Adrian Croft)
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