Container Corporation of India's net profit nosedives 78% to Rs 49 cr for Q1FY21

New Delhi: Container Corporation of India Ltd’s consolidated net profit nosedived 78 percent to Rs 49 crore for the first quarter of the current fiscal as compared to Rs 225 crore in the corresponding quarter of the previous fiscal.

The consolidated revenues from operations fell 28 percent to Rs 1,194 crore for the first quarter of the current fiscal as compared to Rs 1,654 crore in the corresponding quarter of the previous fiscal. 

The consolidated total expenses of the company declined 16 percent to Rs 1,179 crore for the first quarter of the current fiscal as compared to Rs 1,397 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

 

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