CONCOR Q1 results, total volumes rise 6% YoY

CONCOR Q1 results, total volumes rise 6% YoY

State-owned Container Corporation of India Ltd (CONCOR) has reported its first quarter updates for FY25. The company saw a 6% year-on-year (YoY) increase in total volumes, with 11.59 lakh twenty-foot equivalent units (TEUs) compared to 10.93 lakh TEUs in the same period last year.

The domestic segment's volumes increased by 15% YoY to 2.90 lakh TEUs, up from 2.52 lakh TEUs. The export import segment also showed steady improvement, registering a 3.30% rise in volumes to 8.69 lakh TEUs compared to 8.42 lakh TEUs in the previous year.

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In the fourth quarter of FY24, CONCOR's net profit increased by nearly 10% to Rs 301.25 crore compared to the same period last year, driven by higher volume and market share. In Q4 of FY23, the company reported a consolidated net profit of Rs 274.14 crore. CONCOR's consolidated revenue from operations for the quarter under review was Rs 2,417.87 crore, up from Rs 2,281.75 crore in the year-ago period.

CONCOR is a prominent player in the transportation and handling of containers. The company’s network comprises 66 inland container depots and container freight stations across the country, including 62 terminals and three strategic tie-ups.

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