Concor reported a consolidated net profit of Rs 366.65 crore as compared to Rs 330.74 crore a year ago, up 11 per cent
Container Corporation of India Ltd (Concor) on Thursday posted a 4.51 per cent increase in consolidated net profit to Rs 340.52 crore for the third quarter ended December 2024. The company had reported a consolidated net profit of Rs 325.81 crore a year ago, Concor said in a regulatory filing. During the quarter under review, the consolidated revenue from operations was Rs 2,303.99 crore against Rs 2,302.12 in the year-ago period. Concor said its Board has declared an interim dividend for FY 2024-25 of 85 per cent -- Rs 4.25 per equity share of face value of Rs 5 each, amounting to Rs 258.95 crore.
Railway-related stocks such as IRCTC, RVNL, Texmaco, RailTel and Container Corp are testing support on the long-term charts; as long as these supports are respected a pullback rally seems possible.
Concor's consolidated net profit contracted 0.53 per cent to Rs 365.4 crore for three months ending September 30, 2024, from Rs 367.36 crore a year ago
The state-run logistics company's consolidated profit before tax rose to Rs 526 crore ($62.6 million) for three months ending Sept. 30 from Rs 482 crore a year ago
Concor had initially launched coastal shipping services in January 2019 but the services were halted in 2020 due to the Covid-19 outbreak