CONCOR’s total freight volume grows by over 4% in Q4FY23

The Container Corporation of India (CONCOR) on Wednesday provided preliminary updates regarding the physical volumes handled by the company for the fourth quarter ended March 31, 2023.

The public sector transportation company said it handled a total cargo volume of 11,19,034 twenty foot equivalent units (TEU) during the quarter, which is 4.71 percent more than the volume it handled in the corresponding quarter of the previous fiscal year. The company handled 10,68,721 TEUs of volume in Q4FY22.

PSU handled a total volume of 43,61,131 TEUs in FY23, which is 7.08 percent more than the 40,72,925 TEUs it handled in FY22.

CONCOR’s EXIM volume increased by 2.21 percent in the March 2023 quarter to 8,51,261 TEU compared to 8,32,863 TEU handled in the previous year. Its EXIM grew by 4.22 percent to 34,06,864 TEUs in FY23 versus 32,69,026 TEUs handled in FY22.

The company’s domestic volume increased by 13.53 percent to 2,67,773 TEUs compared to 2,35,858 TEUs handled in the corresponding quarter last year. It handled a total volume of 9,54,267 TEUs in the domestic market in FY23, which is 18.70 percent more than 8,03,899 TEUs handled in FY22.

Shares of CONCOR were trading up 1.60 per cent at Rs 601.30 per share as of 15:06 on the NSE.

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