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Date: 12/08/2024

CONCOR’s net profit & revenue up in Q1

The Container Corporation of India Ltd (CONCOR) reported a 5.8% year-on-year (YoY) increase in net profit at Rs 259.4 crore for the first quarter that ended June 30, 2024. In the corresponding quarter, it had posted a net profit of Rs 245 crore, the company said in a regulatory filing.

The company’s revenue from operations rose 9.4% to Rs 2,103.1 crore against Rs 1,922.8 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA was up 11.6% to Rs 441.6 crore in the first quarter of this fiscal over Rs 395.8 crore year-on-year. EBITDA margin stood at 21% in the reporting quarter versus 20.6% in the first quarter of FY24. EBITDA is earnings before interest, tax, depreciation and amortization, as per a report.

Source: Exim News Service: New Delhi, Aug. 11