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Container Corporation of India reports marginal fall of 0.54% in Q4 net profit

27 May 2013 Evaluate

Container Corporation of India reported results for the fourth quarter and year ended March 31, 2013.

The company has reported a fall of 0.54% in its net profit at Rs 225.84 crore in Q4FY13 as compared to net profit of Rs 227.07 crore in the same quarter previous year. However, total income from operation of the company has increased by 11.64% 1321.50 crore as compared to Rs 1183.68 crore in corresponding quarter last year.

For the year ended March 31, 2013, the company has registered 7.08% rise in its net profit at Rs 940.03 crore in FY13 as against Rs 877.88 crore in previous years. Total income from operation of the company has increased to Rs 4743.37 crore as compared to Rs 4377.48 crore in FY12, up by 8.36%.

On consolidated basis, for the year ended March 31, 2013, the company has registered 7.50% rise in its net profit after taxes, Minority Interest and share of Profit / (Loss) of Associates of Rs 930.61 crore in FY13 as against Rs 865.65 crore in previous years. Total income from operation of the company has increased to Rs 4777.56 crore as compared to Rs 4414.34 crore in FY12, up by 8.23%.

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