Container Corporation of India’s net profit falls 10% to Rs 317 cr for Q4FY20

New Delhi: Container Corporation of India Ltd’s consolidated net profit fell 10 percent to Rs 317 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 355 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenues from operations fell 14 percent to Rs 1,584 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 1,848 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated net profit plunged 66 percent to Rs 406 crore for the entire fiscal 2019-20 as compared to a net profit of Rs 1,222 crore in the previous fiscal.

The company’s consolidated revenues from operations fell 5 percent to Rs 6,539 crore for the entire fiscal 2019-20 as compared to Rs 6,956 crore in the previous fiscal.

The consolidated total expenses of the company declined to Rs 1,257 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 1,499 crore in the corresponding quarter of the previous fiscal. The consolidated total expenses of the company declined to Rs 5,436 crore in the 2019-20 fiscal as compared to Rs 5,624 crore in the previous fiscal, the company said in a regulatory filing.

 

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