Container Corporation of India Ltd.(NSE: CONCOR)| Q3 FY23 Results Out| Total Income rises 6% yoy

Container Corporation of India Limited (NSE: CONCOR) is a state-owned transportation and logistics company in India. The company was incorporated in 1988 and is headquartered in New Delhi. CONCOR operates a network of dry ports, inland container depots (ICDs), and container freight stations (CFSs) across India, providing integrated transportation and logistics solutions to its customers. The company also operates a fleet of trains, providing rail transportation services for containers and other cargo across India. CONCOR is one of the largest container handling and transportation companies in India and is recognized as a market leader in the Indian logistics industry.

In the 3rd quarter of FY23, Container Corporation of India (CONCOR) recorded a 5.18% YoY increase in total throughput to 10,85,154 twenty-foot equivalent units (TEUs). The company’s export-import (EXIM) volumes increased by 0.62% to 8,33,796 TEUs and domestic (DOM) volumes jumped by 23.80% to 2,51,358 TEUs. The total throughput for the quarter increased 7.92% to 32,42,097 TEUs compared to the same period the previous year.

The company operates 59 terminals worldwide, manages cold storage chains and warehouses, and has two strategic partnerships. The Indian government holds a 54.8% stake in the company. Consolidated net profit rose 19.6% to INR 303.47 crore on 8.1% growth in net sales to INR 1,986.34 crore in Q3FY23 compared to Q3FY22.