Container Corp reports 5 percent profit increase in Q1, driven by strong cargo volume.
The Container Corporation of India (CONCOR) reported a 5 percent rise in consolidated net profit for the first quarter, buoyed by robust growth in cargo volumes. For the quarter ending June 30, CONCOR’s net profit climbed to ₹258 crore ($30.7 million), up from ₹246 crore in the same period last year.
The company saw a 6 percent increase in total throughput volume during the quarter, reflecting strong performance across its operations. Revenue from its largest segment, export-import services, grew by 7.3 percent, reaching ₹1,322 crore.
As a key player in India’s logistics sector, CONCOR, which specialises in carrier, terminal operations, and warehousing, has benefited from increased cargo movement fueled by strong commercial activity and rising domestic demand. The growth in cargo volume underscores the continued resilience and expansion of India’s logistics industry.
