Concor: Demand is a constraining factor

Better operating performance helped the company post net profit of Rs 186 cr, which beat estimates

The share price of India's largest container logistics company, Container Corporation of India (Concor) fell 2.1 per cent on weak December quarter results. Revenue for the quarter at Rs 1,330 crore was down 5.2 per cent year-on-year and was also lower than estimates, which pegged it in the range of Rs 1,340 crore to Rs 1,400 crore. Muted export import (Exim) performance led to the fall in revenue. Exim segment, which accounts for about 80 per cent of Concor's revenue, registered a 6.5 per cent fall year-on-year to Rs 1,058 crore thanks to pressure on pricing, while domestic segment was