Container Corporation of India Dec-quarter net rises 24% to Rs 276 cr
State-owned Container Corporation of India Ltd (Concor) on Thursday reported a 24.46 per cent rise in consolidated net profit to Rs 276.35 crore for the quarter ended December 31, 2021.
The company had clocked a net profit of Rs 225.66 crore in the corresponding quarter a year ago, the multi-modal logistics company said in a regulatory filing to the BSE.
Total income during the October-December quarter of the current fiscal rose to Rs 1,994.18 crore, from Rs 1,842.11 crore in the year-ago period.
Total expenses during the quarter were at Rs 1,632 crore, as compared to Rs 1,545.79 crore earlier.
Besides providing inland transport by rail for containers, Container Corporation of India is into management of ports, air cargo complexes and establishing cold chains.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
