Hot Pursuit     12-Jan-24
Concor throughput rises 6% to 11.50 lakh TEUs in Q3 FY24
Container Corporation Of India (Concor) reported 6.05% increase in total throughput to 11,50,808 twenty-foot equivalent units (TEUs) in Q3 FY24 as compared with 10,85,154 TEUs recorded in Q3 FY23.
Domestic (DOM) throughput fell 1.24% to 2,48,226 TEUs in Q3 FY24 as compared to 2,51,358 reported in Q3 FY23.

The export-import (EXIM) throughput jumped 8.24% (YoY) year on year to 9,02,582 TEUs in 31 December 2023 as compared to 8,33,796 TEUs recorded in corresponding quarter last year.

On nine month basis, the company’s total throughputs declined 7.19% to 34,75,186 TEUs in 9M FY24 as compared with 32,42,097 TEUs in 9M FY23.

The company's EXIM increased by 6.20% to 27,14,018 TEUs while DOM jumped 10.87% to 7,61,168 TEUs in 9M FY24 over 9M 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 jumped 21.1% to Rs 367.36 crore on 10.5% increase in revenue from operations to Rs 2194.87 crore in Q2 FY24 over Q2 FY23.

The scrip fell 1.03% to Rs 893.05 on the BSE.

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