The shares of this public-sector enterprise gained up to 7 percent after the company signed a Memorandum of Understanding (MoU) to offer seamless end-to-end logistics solutions.
Container Corporation of India Ltd has a market capitalization of Rs 60,368.88 crore, the shares were trading at Rs 990.80 per share, increasing around 4.48 percent as compared to the previous closing price of Rs 948.35 apiece.
According to the company filing, Container Corporation of India Ltd has signed a Memorandum of Understanding (MoU) with Shipping Corporation of India Ltd to offer seamless end-to-end logistics solutions to its customers and to explore the potential areas of cooperation in multimodal transportation covering ocean, rail, road & inland waterway to last-mile connectivity.
Furthermore, both companies want to explore business opportunities for leveraging the advantages of each other’s infrastructure and experience in synergy to offer seamless and cost effective end-to-end logistics services to customers under a single window.
Looking into the company’s financial performance, revenue increased by 6.4 percent from Rs 2,184 crore in Q4FY23 to Rs 2,325 crore in Q4FY24, during the same time frame, net profit increased by 14 percent from Rs 279 crore to Rs 318 crore.
Examining the company’s important ratio, return on equity inclined from 10.45 percent in FY22-23 to 10.66 percent in FY23-24, while during the same time frame return on capital employed also inclined from 13.25 percent to 13.25 percent. In contrast, the net profit margin (NPM) stands at 14.23 percent in fiscal year 22-23.
Container Corporation of India Ltd. (CONCOR) is a holding corporation. The company specializes in logistics and transportation services. The company works in two segments: EXIM and Domestic. The Company’s EXIM and Domestic divisions participate in handling, shipping, and warehousing activities.
Written by:- Abhishek Singh
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