CONCOR earns surplus

2022-05-20 14:41:53 Logistics News (Roadways & Railways)


The state-owned Container Corporation of India Ltd (Concor) has reported a jump in consolidated net profit at Rs 252.51 crore for the fourth quarter ended March, 2022. The company is high on the list of government for disinvestment for the past two years.

Total income of the company rose to Rs 2,128.56 crore during the quarter under review from Rs 2029.86 crore in the same period a year ago the company said in a regulator filing.

Its expenses stood at Rs 1,796.28 crore in the quarter as compared to Rs 1,911.95 crore in the year-ago period.

For the full fiscal year 2021-22, the company's consolidated profit jumped to Rs 1,028.37 crore as against Rs 469.23 crore in 2020-21.

Besides providing inland transport by rail for containers, Concor is also into management of ports, air cargo complexes and establishing cold chains.

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