Companies

Concor to buy 20 rakes this fiscal

Our Bureau New Delhi | Updated on August 01, 2014 Published on August 01, 2014

Net profit rises 6.5% to ₹262 crore in April-June



Container Corporation of India (Concor) plans to procure 20 rakes this fiscal year.

The company had procured eight rakes last financial year.

The company had 75 per cent market share in the container trains market in the quarter ended June 30, and is now trying to pick up more traffic.

Profit up 6.5%

For the June quarter, Concor reported a total income of ₹1,270 crore, up over 6 per cent. Net profit rose 6.5 per cent year-on-year to ₹262 crore.

The company gets bulk of its revenue and margins from the export-import segment.

Revenue from this division stood at ₹979 crore, reporting a 4 per cent growth.

Domestic revenue growth was at ₹291 crore, up 15 per cent.

In the quarterly results conference call, Anil Gupta, Chairman and Managing Director, said all inland container depots were fully utilised in the current quarter.



Published on August 01, 2014
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