CONCOR's Q3 net falls 35% to Rs 179 cr, total income dips to Rs 1,610 cr

State-owned Container Corporation of India Ltd (CONCOR) on Friday reported a 34.92 per cent dip in its consolidated net profit to Rs 179.34 crore for the quarter ended December 31, 2019.

The company had clocked a net profit of Rs 275.60 crore during the corresponding quarter a year ago, the multi-modal logistics company said in a regulatory filing to the BSE.

Its total income during the October-December quarter of the current fiscal dipped to Rs 1,610.34 crore, from Rs 1,739.79 crore in the year-ago period.

Total expenses during the quarter were at Rs 1,311.22 crore as compared to Rs 1,366.24 crore in October-December quarter of the preceding financial year.

Besides providing inland transport by rail for containers, Container Corporation of India is also into management of ports, air cargo complexes and establishing cold chain.

The government in November last year had approved a 30.9 per cent stake sale in CONCOR.