Container Corporation Jan-Mar net profit up 21 pc to Rs 352 cr

State-run Container Corporation of India Ltd Thursday reported a 21 percent rise in its standalone net profit at Rs 352.31 crore for the quarter ended March 31, 2019, helped by higher income. It had posted a net profit of Rs 291.9 crore during the same quarter a year ago, the multimodal logistics company said in a BSE filing.

The company's total income during January-March 2019 rose to Rs 1,963.11 crore from Rs 1,707.25 crore in the year-ago period. Its total expenses during the quarter were at Rs 1,479.46 crore as compared with Rs 1,341.59 crore in the January-March quarter of the preceding fiscal.

Besides providing inland transport by rail for containers, Container Corporation of India is also into the management of ports, air cargo complexes and establishing the cold chain.