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Concor shares plunge 18% after posting 76% drop in Q1 profit

Total income during the April-June period of the current fiscal dipped to Rs 1,251.50 crore from Rs 1,722.79 crore in the year-ago period

Concor, warehouse, logistics, distributor
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SI Reporter New Delhi
Shares of state-owned Container Corporation of India Ltd (Concor) plunged 18.30 per cent to Rs 372.20 on the BSE on Monday after the company's consolidated profit nosedived 75.97 per cent to Rs 58.26 crore for the quarter ended June 30, 2020 (Q1FY21).

The company had clocked a consolidated profit of Rs 242.51 crore during the corresponding quarter a year ago, the multi-modal logistics company said in a regulatory filing to the BSE.

Total income during the April-June period of the current fiscal dipped to Rs 1,251.50 crore from Rs 1,722.79 crore in the year-ago period. Total expenses also declined to