CONCOR advances after reporting good Q1 numbers

NEW DELHI: Container Corporation of India Ltd (CONCOR) gained 3.47% to Rs 1,187 at 9:54 IST on BSE after net profit rose 36.4% to Rs 243.38 crore on 9.9% increase in net sales to Rs 1456.80 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours of 31 July 2017.

CONCOR provides logistics solutions. It has the largest network of inland container depots (ICDs)/container freight stations in India. In addition to providing inland transport by rail for containers, it has also expanded to cover management of ports, air cargo complexes and establishing cold-chain. The Government of India (GoI) holds 54.8% stake in CONCOR (as per the shareholding pattern as on 30 June 2017).