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Standalone net sales
(including other operating income) of Container Corporation Of India for the
quarter ended Dec 2023 has increased 10.90% to Rs 2,205.12
crore. Operating profit margin has jumped from 21.55% to 23.21%,
leading to 19.40% rise in operating profit to Rs 511.70
crore. Employee cost decreased from 5.30% to 5.07%.
Other expenses fell from 73.14% to 71.72%. Freight
charges rose from 57.11% to 58.71%. Other direct service cost fell
from 13.02% to 10.83%. Other income fell 9.65% to Rs 100.68
crore. PBIDT rose 13.41% to Rs 612.38 crore. Provision
for interest up 23.36% to Rs 17.53 crore. PBDT rose 13.14% to Rs
594.85 crore. Provision for depreciation rose 13.73% to Rs 154.27
crore. Profit before tax grew 12.93% to Rs 440.58
crore. Provision for tax was expense of Rs 106.15 crore, compared to
Rs 93.63 crore.&n...
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