CONCOR Q1 total volumes rise 6% on strong domestic growth

NEW DELHI : State-owned Container Corporation of India Ltd (CONCOR) on Monday (July 8) reported updates for the first quarter of FY25, with total volumes rising by 6% year-on-year (YoY) to 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 exim (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.

Q4 figures

CONCOR’s net profit jumped nearly 10% on year to ₹301.25 crore in the fourth quarter of FY24, helped by the growth in volume and higher market share. The company had reported a consolidated net profit of ₹274.14 crore in Q4 of FY23. CONCOR’s consolidated revenue from operations was ₹2,417.87 crore in the quarter under review.

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.

Shares of Container Corporation of India Ltd ended at ₹1,043.10, down by ₹16.05, or 1.52%, on the BSE.