Container Corp shares slide for second consecutive day amid mixed Q1 result; check details

In a stock exchange notification issued after the market hours on Thursday, Concor said that its consolidated net profit for Q1FY25 increased around 5% to ₹258 crore compared to ₹246 crore in Q1FY24.

Revenue from operations increased 9.4% to over ₹2,103 crore in the June quarter compared to almost ₹1,923 crore in the year-ago period.

Operating profit, or EBITDA (earnings before interest, tax, depreciation and amortisation), was up 11.6% to ₹441.6 crore in Q1FY25 compared with nearly ₹396 crore in Q1FY24. Ebitda margin improved slightly to 21% during the June quarter compared with 20.6% in the year-ago period.

After the earnings announcement, Concor shares fell as much as 2.6% on Friday and declined 1.3% on Monday on the National Stock Exchange of India Ltd (NSE).

The stock has dropped over 6% in the past one month, but is still up more than 13% year-to-date in calendar year 2024. During the past one year, the share price has gained nearly 37.5%.

Along with the result, the company's board of directors also declared an interim dividend for FY 2024-25 at 40%, or ₹2 per equity share with a face value of ₹5 each, amounting to ₹121.86 crore.

Concor has fixed August 17 as the record date for the payment of the interim dividend. The company also informed shareholders that the interim dividend will be paid to them on or after August 23.

Concor shares are trading 1.5% lower at ₹965 apiece on the NSE at 9:45 am.