Container Corporation of India registered a growth of 16.46% in net profit to Rs 1,929.20 million for the quarter ended December 2007 as compared with Rs 1,656.40 million for the corresponding quarter, last fiscal.
Net sales for the quarter rose 12.85% to Rs 8,432.30 million as against Rs 7,472 million for the same quarter, a year ago.
Total income for the quarter rose 15.26% to Rs 8,848.80 million as compared with Rs 7,677.10 million for the corresponding quarter, a year ago.
Net sales for the quarter rose 12.85% to Rs 8,432.30 million as against Rs 7,472 million for the same quarter, a year ago.
Total income for the quarter rose 15.26% to Rs 8,848.80 million as compared with Rs 7,677.10 million for the corresponding quarter, a year ago.
| Quarterly results (Rs in mn) |
| As at | December 2007(3) | December 2006(3) | %Change |
| Net Sales | 8,432.30 | 7,472.00 | 12.85 |
| Net Profit | 1,929.20 | 1,656.40 | 16.46 |
| EPS | 29.68 | 25.49 | 16.43 |
Container Corporation of India is a multi-modal (rail and road) logistics support provider for the countrys EXIM and domestic trade and commerce, working under the ministry of railways, Government of India.
The companys core business is characterized by three distinct activities that of a carrier, a terminal operator, and a warehouse operator. The company provides a single-window facility coordinating with all the different agencies and services involved in the containerized cargo trade right from customs, gateway ports, and railways, to road haulers, consolidators, forwarders, custom house agents and shipping lines.
Shares of the company closed down Rs 25.45, or 1.62%, at Rs 1,550.20. The total volume of shares traded at the BSE was 40,893.