Latest news with #ContainerCorporationofIndia
Time of India
7 days ago
- Business
- Time of India
Mysore MP promises swift resolution of logistics park issues
Mysuru: Mysore MP Yaduveer Wadiyar on Tuesday said he will take swift action to address the operational challenges faced by the Multi Modal Logistics Park, an inland container depot in Kadakola, which was developed by Container Corporation of India (CONCOR). The depot, inaugurated virtually by Prime Minister Narendra Modi in March 2024, was built at an estimated cost of Rs 100 crore but remained underutilised due to the absence of a customs clearance facility. Suresh Jain, general secretary of the micro, small and medium enterprises council, Mysuru, highlighted the issue, stating, "Without a customs clearance facility, industries are forced to rely on ports in Chennai, Mangaluru, or Kochi, rendering the depot idle." Responding to the concerns, Yaduveer told reporters that he was unaware of this issue. "I will work to resolve it at the earliest," he said. Meanwhile, Yaduveer announced plans to commemorate Mysuru Maharaja Nalwadi Krishnaraja Wadiyar's birth anniversary on Wednesday, uniquely by making the Mysuru Palace plastic-free. "We will install a water vending machine on the palace premises. This will end the problem of water bottle menace," he said. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 금액 상관없이 빚이라면 딱 6%만 갚으세요 법무법인 더 알아보기 Additionally, he revealed that over 3,500 civic workers will receive 20 kg of food items at an event at the Maharaja's College Ground. "It is our duty to support the civic workers who serve the society. Our aim is to provide ration for a month," he said. Addressing the issue of Kamal Haasan's controversial statement, which was perceived as anti-Kannada, Yaduveer stated that only the public can teach a lesson by boycotting the actor's films until he apologises. "Languages naturally influence one another, but claiming one language gave birth to another is unacceptable," he remarked. The MP also called on the Mysuru City Corporation (MCC) and police to devise a strategy to prevent miscreants from defacing statues in the city, emphasising the need to protect public monuments.
Business Standard
23-05-2025
- Business
- Business Standard
CONCOR posts PAT of Rs 298 crore in Q4; board OKs
Container Corporation of India (CONCOR) has reported 5.8% fall in consolidated net profit to Rs 298.53 crore on a 1.6% decline in net sales to Rs 2287.83 crore in Q4 FY25 as compared with Q4 FY24. Total operating expenditure during the period under review added up to Rs 1,847.26 crore, up 1.1% YoY. Profit before tax in Q4 FY25 stood at Rs 391.59 crore, down by 3.6% from Rs 406.40 crore in Q4 FY24. For FY25, CONCOR has registered a consolidated net profit of Rs 1,288.75 crore (up 2.2% YoY) and net sales of Rs 8,887.02 crore (up 2.7% YoY). The companys board has declared a final dividend of Rs 2 per equity share for the year 2024-25. This final dividend is in addition to interim dividend of Rs 2 per share, second interim dividend of Rs 3.25 per share and third interim dividend of Rs 4.25 per share already paid during the year. The board has also approved issuance of bonus equity shares in the ratio 1:4 i.e. one equity shares for every four full paid-up equity shares held by the shareholders of the company as on the record date. Container Corporation of India (CONCOR) is engaged in the business of providing inland transportation of containers by rail. It also covers the management of ports and air cargo complexes and establishes cold chains. The scrip fell 3.44% to currently trade at Rs 713 on the BSE.
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Business Standard
23-05-2025
- Business
- Business Standard
Concor shares drop 4% as Q4 profit, revenue slip; earnings breakdown here
Shares of Container Corporation of India (Concor) fell over 4 per cent on Friday after the Navratna firm reported a marginal decline in its net profit for the fourth quarter of the previous financial year (Q4FY25). Concor stock fell as much as 4.03 per cent during the day to ₹708.2 per share, the biggest intraday loss since May 8 this year. The stock pared gains to trade 2.7 per cent lower at ₹717.9 apiece, compared to a 0.7 per cent advance in Nifty 50 as of 10:30 AM. Shares of the company snapped a two-day gain on Friday and have fallen over 5 per cent from its recent peak of ₹756, which it hit earlier this month. The counter has fallen 9 per cent this year, compared to a 4.8 per cent advance in the benchmark Nifty 50. Concor has a total market capitalisation of ₹43,652.89 crore. Concor Q4FY25 results The company reported a net profit of ₹298.53 crore in the January to March quarter of FY25, as compared to ₹303.29 crore in the same period last year. The decline in the bottom line comes as the revenue from operations fell 1.6 per cent to 2,287.8 crore in the quarter under review. In the first quarter of the previous year, the company reported a revenue of ₹2,325.1 crore. Meanwhile, the company's operating margins or earnings before interest, taxes, depreciation and amortisation declined 10 per cent to ₹526.6 crore in the March quarter. The Ebita margin of Concor dropped to 23 per cent from 25.2 per cent earlier. Also Read Concor dividend and bonus issue The board also has declared a final dividend of ₹2 per equity share of face value of ₹5 each for the year 2024-25. Concor's board approved a bonus issue, offering 1 new share for every 4 shares held by existing shareholders. About Concor Concor, established in 1988 and beginning operations in 1989, is the largest intermodal logistics company in India. As a public sector enterprise under the Ministry of Railways, Concor specialises in the handling and transportation of containers, both by road and rail, and plays a key role in managing ports across the country. The company offers a wide range of services, including warehousing, with its operations involving dry ports, container freight stations (CFSs), and private freight terminals. Concor also supports cold-chain logistics, air cargo, and multimodal transportation, with a focus on door-to-door services for its clients. Operating through two key segments—EXIM (export-import) and Domestic—Concor has built an extensive network of inland container depots (ICDs) and CFSs.
Mint
23-05-2025
- Business
- Mint
Dividend, bonus share announcement fail to lift CONCOR share price. Is it a stock to buy post Q4 results 2025?
CONCOR share price: Container Corporation of India's (CONCOR) dividend and bonus share announcement failed to lift the Navratna PSU stock on Friday, May 23, as investors focused on the state-owned company's weak performance in the January-March quarter of the financial year 2024-25. CONCOR share price opened at ₹ 718.10 on the BSE today, significantly lower than its last close of ₹ 738.40. During the trade, it extended the decline to hit the day's low of ₹ 708.45, down 4.05%. With this, the PSU stock snapped its two-day losing run. Meanwhile, in the last one year, CONCOR stock has lost 35% of its value. CONCOR, post-market hours on Thursday, announced that its consolidated net profit for Q4 FY25 came in at ₹ 287.69 crore, down 4.5% year-on-year (YoY), compared with ₹ 301.25 crore in the corresponding period last year.
Reuters
22-05-2025
- Business
- Reuters
Container Corporation of India's quarterly profit falls on lower revenue from domestic cargo
May 22 (Reuters) - Container Corporation of India ( opens new tab reported a 1.6% fall in fourth-quarter profit on Thursday, hurt by a revenue drop in its domestic cargo services. The state-run rail logistics company's consolidated net profit fell to 2.99 billion rupees ($34.78 million) for the three months ending March 31, from 3.03 billion rupees a year ago. Revenue from its domestic segment, which provides logistics services within India, shrunk about 10%, pushing down its overall revenue by 1.6% to 22.89 billion rupees. For further earnings highlights, (click here). Overall volume growth across India's logistics sector likely slowed in the quarter, as weak global trade and subdued demand in sectors such as autos, FMCG, and apparel weighed on activity, analysts said. The share of cargo moved by rail declined, with more export-import volumes shifting to road transport, they added. PEER COMPARISON * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JAN-MARCH STOCK PERFORMANCE -- All data from LSEG IBES ($1 = 85.9690 Indian rupees)
