Comparing Q1 FY25 results to Q1 FY24 results, Container Corporation of India (CONCOR) reported a 5.14% increase in consolidated net profit to Rs 258.17 crore. During the quarter that ended on June 30, 2024, revenue from operations increased by 9.38% year over year (YoY) to Rs 2,103.13 crore.Â
The first quarter of FY25 had a profit before tax of Rs 347.11 crore, an 8.83% increase over the Rs 318.95 crore recorded in the same quarter the previous year.Â
Regarding revenue by segment, during the quarter, revenue from the domestic un-allocable segment was up 13.08% YoY at Rs 781.59 crore, while revenue from the EXIM segment was up 7.30% YoY at Rs 1,321.54 crore.Â
In Q1 FY25 compared to Q1 FY24, total expenses increased 9.78% YoY to Rs 1,849.87 crore. During the year under review, employee benefits expenses were at Rs 116.82 crore (up 10.22% YoY), while rail freight charges were at Rs 1,210.33 crore (up 13.27% YoY).Â
In the meantime, for the fiscal year 2024–2025, the board of the firm has approved an interim dividend of Rs 2 per equity share. The dividend will be paid on or after August 23, 2024, with August 17 serving as the record date for this reason.Â
CONCOR has two strategic alliances and runs fifty-nine terminals throughout the nation. The company’s main business is to use rail carriages to deliver containers inland from ports. The business also oversees warehouses and cold storage chains.
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