desk
Share
Container Corporation of India Limited (CONCOR) has released the results for the third quarter (Q3) of the financial year 2024.
The company reported a net profit of ₹367 crore in the quarter, which is an increase from ₹331 crore in the same quarter last year.
The company's total income declined marginally from ₹2,211 crore to ₹2,208 crore. At the same time, EBITDA declined and it came down from ₹517.5 crore to ₹465 crore. EBITDA margin also declined from 23.4% to 21.1%, which reflects the impact of increased operational inputs and other factors. Announcement of interim dividend The company has also announced an interim dividend of ₹4.25 per share, which will give additional benefits to investors along with quarterly results. Overall, CONCOR's profit has increased, but pressure has been seen in operational performance. The company has so far announced dividends to investors 42 times. Earlier, the company had paid a dividend of Rs 3.25 per share on November 14, 2024, Rs 2.50 per share on September 17, 2024 and Rs 2 per share on August 16, 2024.
