Concor Q1 Results with Profit After Tax Reaches ₹255.35 Crore

The Container Corporation of India (CONCOR) Q1 financial results for the quarter ended June 30, 2024, show both revenue growth and profitability. The company earned ₹2,097.07 crore from its core operations, an increase from ₹1,919.34 crore in the same quarter of the previous year. Other income, which includes non-operational earnings, was ₹92.41 crore, slightly higher than ₹81.47 crore from the previous year. The total income for the quarter was ₹2,189.48 crore.

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CONCOR's Expenses included rail freight costs, which were ₹1,210.33 crore, and other operational expenses totaling ₹287.30 crore. Employee benefits amounted to ₹116.76 crore, and finance costs were ₹18.08 crore. Depreciation and amortization expenses were ₹164.93 crore, while other expenses were ₹50.80 crore. Total expenses for the quarter came to ₹1,848.20 crore.

Concor reported a profit before tax of ₹341.28 crore, compared to ₹321.19 crore in the previous year. After accounting for tax expenses, which were ₹103.01 crore for current tax and adjustments, the net profit was ₹255.35 crore. Earnings per share for the quarter were ₹4.19, consistent with the company’s stable performance.

Source: Here 

CONCOR Q1 Results 2024-2025 

For the financial year 2024-2025, the Container Corporation of India (CONCOR) reported the following results for Q1 ended June 30, 2024:

CONCOR Financial Metrics

Concor's values table provides key financial details about the company. The Market Cap of ₹58,596 Cr. shows the total value of all shares. The Current Price of ₹962 is the price for one share. The High / Low range is ₹1,194 and ₹646, indicating the highest and lowest prices over a period. The Stock P/E of 46.0 tells how much investors are willing to pay for each rupee of earnings. 

Here is the information:

Quarterly Results 

Concor made sales of 2,211 units in December 2023, which dropped to 2,103 units by June 2024. Expenses also increased from 1,693 units in December 2023 to 1,827 units in March 2024 but then decreased to 1,662 units in June 2024. Despite these changes, the operating profit decreased from 517 units in December 2023 to 442 units by June 2024. 

The table shows a company's financial performance across three quarters: December 2023, March 2024, and June 2024.

Consolidated Figures (in Rs. Crores):

About Container Corporation of India (CONCOR)

Container Corporation of India (CONCOR) was founded in March 1988 under Indian company law and began operations in November 1989. Initially, it took over seven Intermodal Container Depots (ICDs) from the Indian Railways. Since then, CONCOR has grown significantly and now leads the market with the largest network of 66 ICDs and Container Freight Stations (CFSs) in India, including 62 terminals and three strategic partnerships.

CONCOR offers a range of services beyond just rail transport for containers. It has expanded its operations to manage ports, air cargo complexes, and cold-chain facilities. The company also provides road transport services to ensure door-to-door delivery, catering to both international and domestic needs.

The CONCOR’s goal is to promote containerization in India, making transport more efficient and reliable. CONCOR uses modern rail wagons, customer-friendly practices, and advanced information technology to achieve this.