1:4 Bonus Share & 40 Per Cent Dividend: President of India-Backed Railway Transport Company Reports Rs 8,887 Crore Revenue and PAT of Rs 1,292 Crore
The stock is up over 20 per cent from its 52-week low of Rs 601.65 per share.
Container Corporation of India Ltd. (CONCOR) has announced a final dividend of Rs 2 (40 per cent ) per equity share of face value Rs 5 for the year 2024-25. This is in addition to the previously paid interim dividends, totalling Rs 2 (40 per cent), Rs 3.25 (65 per cent), and Rs 4.25 (85 per cent) per share. Furthermore, the Board has approved the issuance of bonus equity shares in a 1:4 ratio, meaning one new equity share of Rs. 5 will be issued for every four fully paid-up equity shares held by shareholders as on the record date.
Container Corporation of India Ltd. (CONCOR) was incorporated in March 1988 under the Companies Act and commenced operation from November 1989, taking over the existing network of 7 inland container depots from the Indian Railways. CONCOR is a market leader, having a widespread network of more than 60 terminals in India. In addition to providing inland transport by rail for containers, it has also expanded to cover management of ports, air cargo complexes and establishing a cold chain. The company has developed multimodal logistics support for India's international and domestic containerization and trade.
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According to Quarterly Results, the company reported a revenue of Rs 2,288 crore and net profit of Rs 299 crore in Q4FY25. In its annual results, the company reported net sales of Rs 8,887 crore and net profit of Rs 1,292 crore. The company’s 54.80 per cent stake is owned by the President of India and Life Insurance Corporation of India (LIC) owns a 9.92 per cent stake in the company as of March 2025. The company has a market cap of over Rs 44,000 crore and has been maintaining a healthy dividend payout of 55 per cent. The stock is up over 20 per cent from its 52-week low of Rs 601.65 per share.
Disclaimer: The article is for informational purposes only and not investment advice.