CONCOR Declares Bonus Shares & Dividend Amid Modest Q4 Performance

Navratna PSU Reports Slight Decline in Revenue & Profit

Container Corporation of India Ltd. (CONCOR) has announced its Q4 FY25 financial results, revealing a modest decline in revenue and profit. The company reported ₹22.88 billion in revenue from operations, reflecting a 1.6% decrease compared to the previous year. Additionally, CONCOR’s net profit fell by 1.6%, settling at ₹2.99 billion. Despite the dip in earnings, the company has declared a final dividend of ₹2 per share and approved a bonus issue in the ratio of 1:4, rewarding its shareholders.

 

Key Highlights:

Revenue Decline: CONCOR reported ₹22.88 billion in revenue, down 1.6% from ₹23.25 billion in Q4 FY24.

 

Profit Reduction: The company’s net profit fell by 1.6%, settling at ₹2.99 billion, compared to ₹3.03 billion in the same quarter last year.

 

Bonus Issue: CONCOR’s board has approved a bonus issue of 1 share for every 4 shares held, enhancing liquidity and accessibility.

 

Dividend Declaration: The company has declared a final dividend of ₹2 per share, subject to shareholder approval.

 

Market Impact: Investors are closely monitoring CONCOR’s financial performance and its strategic moves to boost shareholder value.

 

CONCOR remains a key player in India’s logistics and transport sector, with a strong focus on expansion and operational efficiency. The latest financial results highlight both challenges and opportunities, as the company navigates market fluctuations and strategic investments.

 

Source:

CNBC-TV18, MSN Money