Container Corporation of India‘s consolidated profit declined year-on-year, while revenue increased marginally. The company’s consolidated revenue rose year-on-year to Rs 2,379 crore in the September quarter, compared to Rs 2,355 crore in the same quarter last year, representing a growth of about 1 per cent. However, despite the increase in revenue, the company’s profits remained under pressure. Consolidated net profit for the second quarter of CONCOR fell to Rs 353 crore, compared to Rs 379 crore in the same period last year. This represents a nearly 7 per cent decline in profit. CONCOR’s EBITDA declined to Rs 550 crore in the second quarter, compared to Rs 576 crore in the same quarter last year. This represents a decline of approximately 4.5 per cent.
