Container Corporation of India declares fourth quarter results

Container Corp of India declares results
Container Corporation of India Ltd. has posted its results for the fourth quarter ending March 2011. The company has registered an increase in its income from operations by 4.71 per cent amounting to Rs 99,537.96 lakh in the quarter ended March 2011 as compared to Rs 95,053.29 lakh in the corresponding quarter last year.

The company has recorded increase in net profit by 16.58 per cent to Rs 20,137.02 lakh in the quarter ended March 2011 from Rs 17,272.07 lakh in the quarter ended March 2010. Moreover, the total expenditure stood at Rs 80,081.65 lakh in the March 2011 quarter from Rs 76,690.26 lakh in the corresponding quarter last year.

The other income of the company increased to Rs 5,163.05 lakh from Rs 3,827.31 lakh in the quarter ended March 2010. The paid up equity share capital of the company in the quarter ended March 2011 amounted to Rs 12,998.28 lakh.

The provision for taxation (current tax) of Container Corporation of India Ltd. was Rs 4,456.34 lakh in the quarter ended March 2011 as compared to Rs 4,725.87 lakh during the corresponding quarter last year.

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