CONCOR results Q1FY25, Net profit up 6% at Rs 259 crore

State-owned Container Corporation of India Ltd (CONCOR) has 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 same quarter, Container Corporation of India reported a net profit of Rs 245 crore, according to a regulatory filing by the company. The company's revenue from operations increased by 9.4% to Rs 2,103.1 crore from Rs 1,922.8 crore in the same period of the previous fiscal year.

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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. The 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.

The board has declared an interim dividend for FY 2024-25 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, as intimated earlier, will be August 15. The interim dividend will be paid/ dispatched to the shareholders on or after August 23, 2024.

 

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