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CONCOR profit beats estimate, co announces ₹3.25 interim dividend
The Free Press Journal
|October 30, 2024
Container Corp. of India Ltd. reported a better-than-expected net profit for the September quarter, even as the revenue fell short of the Street's estimates.
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The logistics company reported a net profit of INR 3.71 billion for the quarter, up 3.7% from INR 3.58 billion a year ago, beating analysts' estimate of INR 3.42 billion. This marks the company's fifth consecutive quarter of net profit growth after it fell 16% in Apr-Jun 2023.
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