CONCOR Q1 Results : Net profit up 6% at ₹259 crore, company declares dividend

NEW DELHI : Container Corporation of India Ltd (CONCOR) on Thursday (August 8) reported a 5.8% year-on-year (YoY) increase in net profit at ₹259.4 crore for the first quarter that ended June 30, 2024.

In the corresponding quarter, Container Corporation of India posted a net profit of ₹245 crore, the company said in a regulatory filing. The company’s revenue from operations rose 9.4% to ₹2,103.1 crore against ₹1,922.8 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA was up 11.6% to ₹441.6 crore in the first quarter of this fiscal over ₹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 amortisation.

The board has declared an interim dividend for FY 2024-25 of 40% i.e. ₹2 per equity share of face value of ₹5 each amounting to ₹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.