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Hot Pursuit
10-Jul-23
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Concor throughput rises to 10.93 lakh TEUs in Q1 FY24
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Container Corporation of India (CONCOR) said that its total throughput increased by 7.95% to 10,93,610 twenty-foot equivalent units (TEUs) in Q1 FY24 from 10,13,048 TEUs recorded in Q1 FY23.
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While the export-import (EXIM) throughput improved by 7.24% year on year to 8,41,690 TEUs in quarter ended 30 June 2023. Domestic (DOM) throughput jumped 10.40% to 2,51,920 TEUs in Q1 FY24 over Q1 FY23.
CONCOR operates 59 terminals across the country along with two strategic tie-ups. The company's primary operation is to provide inland transportation of containers from ports using rail wagons. The company also manages cold storage chains and warehouses.
Container Corporation of India's (CONCOR) consolidated net profit rose 7.8% to Rs 279.12 crore on 6.2% increase in revenue from operations to Rs 2,184.33 crore in Q4 FY23 over Q4 FY22.
The scrip declined 0.13% to Rs 670.90 on the BSE.
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