Container Corporation Q4 net profit falls 11 pc to Rs 318 cr

Total expenses stood at Rs 1,257.63 crore as compared to Rs 1,499.74 crore earlier. For the full fiscal 2019-20, the company saw its consolidated profit decline 66.73 per cent to Rs 406.65 crore as against Rs 1,222.34 crore in 2018-19.

State-owned Container Corporation of India Ltd (Concor) on Thursday reported a 10.78 per cent dip in consolidated net profit to Rs 317.51 crore for the quarter ended March 2020. The company had clocked a net profit of Rs 355.91 crore during the corresponding quarter a year ago, the multi-modal logistics company said in a regulatory filing to the BSE.

Total income during the January-March period of 2019-20 dipped to Rs 1,659.28 crore, from Rs 1,977.68 crore in the year-ago period. Total expenses stood at Rs 1,257.63 crore as compared to Rs 1,499.74 crore earlier.

For the full fiscal 2019-20, the company saw its consolidated profit decline 66.73 per cent to Rs 406.65 crore as against Rs 1,222.34 crore in 2018-19. Besides providing inland transport by rail for containers, Concor is also into management of ports, air cargo complexes and establishing cold chain.