Hot Pursuit     10-Oct-23
Concor throughput rises to 12.30 Lakh TEUs in Q2 FY24
Container Corporation of India (CONCOR) said that its total throughput increased by 7.59% to 12,30,768 twenty-foot equivalent units (TEUs) in Q2 FY24 from 11,43,895 TEUs recorded in Q2 FY23.
The export-import (EXIM) throughput improved by 3.50% year on year to 9,69,746 TEUs in quarter ended 30 September 2023. Domestic (DOM) throughput jumped 26.13% to 2,61,022 TEUs in Q2 FY24 over Q2 FY23.

In H1 FY24, the total throughputs jumped 7.76% to 23,24,378 twenty-foot equivalent units (TEUs) as compared with 21,56,943 TEUs in H1 FY23.

The company's EXIM increased by 5.21%year on year to 18,11,436 TEUs in H1 FY24 DOM jumped 17.88% to 5,12,942 TEUs in H1 FY24 over H1 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 fell 0.41% to Rs 707 on the BSE.

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