Container Corp of India would grow transport volumes by up to 12 percent in the year to March 2010 and hopes to maintain net profit margins around 23 percent as the economy improves, its top official said.
The increase in volumes would translate into 15 percent growth in sales for the fiscal year, Rakesh Mehrotra, managing director of the state-run logistics firm said in an interview on Wednesday.
"The signs are positive. The first quarter may not show buoyancy, but in the second quarter we should see the growth," he said.
Concor's moved 2.31 million TEUs (twenty-foot equivalent units) in 2008/09, 5.7 percent lower than a year ago, mirroring the slack foreign trade growth and lacklustre domestic activity. But higher realisations helped it grow profits by 9.3 percent on a 2 percent rise in sales that year.
The increase in volumes would translate into 15 percent growth in sales for the fiscal year, Rakesh Mehrotra, managing director of the state-run logistics firm said in an interview on Wednesday.
"The signs are positive. The first quarter may not show buoyancy, but in the second quarter we should see the growth," he said.
Concor's moved 2.31 million TEUs (twenty-foot equivalent units) in 2008/09, 5.7 percent lower than a year ago, mirroring the slack foreign trade growth and lacklustre domestic activity. But higher realisations helped it grow profits by 9.3 percent on a 2 percent rise in sales that year.
