Container Corporation of India Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 22056.46 Crore) operating in Logistics sector.
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 1194.20 Crore, down 24.62 % from last quarter Sales of Rs 1584.31 Crore and down 27.83 % from last year same quarter Sales of Rs 1654.76 Crore. The Company reported net profit after tax of Rs 49.29 Crore in latest quarter.
The brokerage said that rail cargo volumes have picked up strongly over the quarter partly due to market share gain from roads. This should aid faster volume recovery for Concor, though margins remain a concern due to the high land license fee.
Promoters held 54.8 per cent stake in the company as of June 30, 2020, while FIIs and DIIs held 40.4 per cent and public and others 4.6 per cent.