Container Corporation of India (CONCOR)'s consolidated net profit jumped 21.59% to Rs 283.39 crore on a 9.68% surge in revenue from operations to Rs 1,938.03 crore in Q3 FY22 over Q3 FY21.
Consolidated profit before tax (PBT) spurted 22.21% to Rs 362.14 crore in Q3 FY22 from Rs 296.32 crore in Q3 FY21.
On a standalone basis, Container Corporation of India (CONCOR)'s net profit surged 20.44% to Rs 286.53 crore on a 9.47% increase in revenue from operations to Rs 1,919.98 crore in Q3 FY22 over Q3 FY21.
Meanwhile, the board has declared second interim dividend for FY2021-22 of 40% i.e. Rs 2 per equity share of face value of Rs 5 each amounting to Rs 121.86 crore. The record date for the purpose of payment of interim dividend has been fixed as 3 February 2022.
CONCOR is engaged in transportation of containers (rail and road), and handling of containers. The firm is also engaged in the operation of logistics facilities, including dry ports, container freight stations and private freight terminals.
Shares of Container Corporation were trading 2.09% lower at Rs 646.95 on BSE. As of 31 December 2021, the Government of India held 54.80% stake in the company.
Powered by Capital Market - Live News
(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
RECOMMENDED FOR YOU