Container Corporation Of India Q1 Results Revenue ₹2,103.13 Crores, Net Income ₹258.17 Crores

Container Corporation Of India Q1 Results: Container Corporation Of India’s results table shows the financial results for the first quarter of June 2024. Their total revenue was ₹2,103.13 crores. This is a decrease of 9.55% compared to the previous quarter (March 2023), but it is up by 9.38% from the same quarter last year (June 2023). The company spent ₹116.82 crores on selling, general, and administrative expenses, which is slightly lower than the previous quarter but higher compared to last year.

Container Corporation Of India’s Depreciation and amortization expenses were ₹169.42 crores, an increase of 2.98% from the previous quarter and 19.23% from last year. Other operating expenses were ₹52.53 crores, which decreased significantly by 51.20% from the previous quarter but only a small increase of 4.70% from last year. Total operating expenses came to ₹1,830.92 crores, which is 8.06% less than the previous quarter and 9.69% more than last year.

Container Corporation Of India’s operating income was ₹272.21 crores, down 18.42% from the previous quarter but up 7.29% from last year. The net income before taxes was ₹347.11 crores, a decrease of 14.59% from the previous quarter and an increase of 8.83% from last year.

Finally, the net income was ₹258.17 crores, showing an 18.54% decrease from the previous quarter but a 5.14% increase compared to last year. The diluted normalized earnings per share (EPS) were ₹4.26, down 18.39% from the previous quarter but up 5.97% from last year.

Here are the Q1 results for Container Corporation of India, with all figures in crores except per share values:

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Container Corporation Of India Q1 Results

Container Corporation of India reported financial results with notable figures for the first quarter ending June 30, 2024. The company earned ₹2,097.07 Crore from its operations and an additional ₹92.41 Crore from other income, making the total income ₹2,189.48 Crore. Their expenses included ₹1,210.33 Crore for rail freight, ₹287.30 Crore for other operating costs, ₹116.76 Crore for employee benefits, ₹18.08 Crore for finance costs, ₹164.93 Crore for depreciation and amortization, and ₹50.80 Crore for other expenses, totaling ₹1,848.20 Crore. After deducting these expenses, the profit before tax was ₹341.28 Crore.

 After accounting for exceptional items worth ₹7.14 Crore, the adjusted profit before tax remained at ₹341.28 Crore. The tax expense, including current, deferred, and adjustments for earlier years, was ₹255.35 Crore, resulting in a net profit of ₹255.35 Crore. Adding the share of profit from joint ventures, which was ₹2.24 Crore, the total profit for the period was ₹257.03 Crore. Other comprehensive income amounted to ₹2.24 Crore, leading to a total comprehensive income of ₹259.27 Crore. The earnings per share for this quarter were ₹4.19.

Container Corporation Of India Q1 Results 2024-2025 

Here’s the full information on Container Corporation Of India’s Q1 Results:

Container Corporation Of India Financial Performance 

Container Corporation Of India’s table shows key financial details about the company. The market capitalization (Market Cap) is ₹60,637 crore, meaning this is the total value of all its shares combined. The current stock price is ₹995. The highest and lowest prices over a certain period were ₹1,194 and ₹654, respectively. The Stock Price-to-Earnings ratio (P/E) is 47.6, which compares the stock price to the company's earnings. 

Here is the information formatted in a table for clarity:

Quarterly Results 

Container Corporation Of India’s table for December 2023, March 2024, and June 2024, sales show fluctuations, with December 2023 being the highest at ₹2,211 crores, March 2024 at ₹2,325 crores, and June 2024 decreasing to ₹2,103 crores. Expenses also vary, peaking in March 2024 at ₹1,827 crores and falling to ₹1,662 crores by June 2024. 

Here is the table for the periods Dec 2023, Mar 2024, and Jun 2024 with the given particulars:

About Container Corporation Of India 

Container Corporation of India (CONCOR) was set up in March 1988 and began operations in November 1989 by taking over seven Inland Container Depots (ICDs) from Indian Railways. Since its modest start, CONCOR has grown into a leading logistics company in India, with a vast network of 66 ICDs and Container Freight Stations (CFSs). This includes 62 terminals and three key partnerships. CONCOR is not just about moving containers by rail; it has expanded to manage ports, air cargo complexes, and cold-chain facilities. 

Container Corporation Of India plays a big role in boosting containerization in India, using modern rail wagons, customer-friendly practices, and advanced technology. It provides a complete logistics solution, covering both international and domestic trade, and offers door-to-door services. While rail transport is its main focus, CONCOR also provides road services to meet customer needs. The company is committed to being responsive, cost-effective, and reliable, aiming to be the top choice for customers by delivering value and high performance in logistics.