EconomyCompanies
CONCOR's quarterly profit slips 6.8% to ₹353 crore, second interim dividend of ₹1.90
The state-run rail container operator's revenue barely moved in the September quarter, and its board paid out a second interim dividend worth ₹144.71 crore.
Key points
- Container Corporation of India's net profit fell 6.8% to ₹353.10 crore.
- Revenue was almost flat at ₹2,378.57 crore, up 1.02%.
- The board declared a second interim dividend of ₹1.90 a share, record date 11 November.
Container Corporation of India (CONCOR), the state-run operator of container trains and inland depots, reported a 6.8% fall in net profit for the July to September quarter on Monday evening.
Profit came in at ₹353.10 crore, down from ₹378.70 crore in the same quarter last year. Revenue barely moved, rising 1.02% to ₹2,378.57 crore from ₹2,354.53 crore.
A second payout this year
The board declared a second interim dividend of ₹1.90 a share on a face value of ₹5, which adds up to ₹144.71 crore. Shareholders on the register on 11 November will be paid on or after 20 November.
CONCOR’s numbers capped a long results day. Earlier, Marico reported a 31% jump in profit and Petronet LNG a 54% rise, while UPL and Escorts Kubota posted lower earnings. Thomas Cook (India) and ITC were among the companies reporting later in the evening.
Two consumer-facing companies swung back into profit during the day. Restaurant operator Devyani International reported a net profit of ₹3.46 crore against a loss of ₹23.94 crore a year earlier, and payments firm Mobikwik earned ₹11.83 crore after a loss of ₹28.61 crore.