CONCOR Q2 results : Net profit jumps 41% YoY to Rs 264 crore

NEW DELHI : Container Corporation of India (CONCOR) reported a 41 per cent year-on-year rise in net profit to Rs 264 crore for the second quarter ended September 30.

The company reported a 21.4 per cent one-year growth in revenue from operations to Rs 1,823.9 crore.

The board of the company also approved an interim dividend of Rs 4 per share at its meeting held earlier on 21st October.

CONCOR said that it has paid Rs 225.9 crore as land licence fee to the Indian Railways as on September 30, 2021 based on rates taken from the land revenue department and the company’s own assessment.

During the quarter, CONCOR saw a 20 per ump in rail freight to Rs. 983.8 crore. The company’s total expenses rose to Rs. 1,547.1 crore in the reported quarter from Rs. 1,325.4 crore in the year-ago.