Rs 2/Share Dividend: Railways PSU Sets August 17 As Record Date, Net Profit Up 5.8%

Board of Directors of Container Corporation of India Ltd today declared a jump of 5.8% year-on-year (YoY) in its net profit at Rs 259.4 crore for the quarter ended June 30, 2024 as against the net profit of Rs 245 crore declared in the corresponding quarter of last year. Current market price of Container Corporation of India Ltd share on BSE 999.20 per share with decline of 0.59% in trade today.

Board of the railways PSU also recommended an interim dividend of Rs 2.00 per equity share of the face value of Rs 5/- each amounting to Rs 121.86 crore. Container Corporation of India shares offered return of 40% in last 1-year and slipped 3.90% in last 1-week. Check key details below:

Container Corporation of India Recommends Interim Dividend: As per the BSE filing of CONCOR issued as on Aug 8, "The Board has declared an Interim Dividend for FY 2024-25 of 40% i.e. Rs.2.00 per equity share of face value of Rs.5/- each amounting to Rs.121.86 crores. The record date for the purpose of payment of Interim Dividend, as intimated earlier will be 17.08.2024. The Interim dividend will be paid/ dispatched to the shareholders on or after 23.08.2024. The payment of dividend will be made within 30 days of its declaration."

Concor Dividend History: Container Corporation of India announced 50 dividends since August 16, 2000. In last 1-year, Container Corporation of India announced an equity dividend amounting to Rs 11.00 per share. At the current share price of Rs 999.20 per share, Container Corporation of India offer a dividend yield of 1.10%.

Container Corporation of India Ltd Q1 Results: The PSU declared its revenue from operations rallied 9.4% to Rs 2,103.1 crore for the June 2024 quarter as compared to Rs 1,922.8 crore in the corresponding quarter of the preceding fiscal. At the operating level, EBITDA of CONCOR surged 11.6% to Rs 441.6 crore for June 2024 quarter over Rs 395.8 crore year-on-year. EBITDA margin announced at 21% for the quarter under review as against 20.6% in the first quarter of FY24.

Container Corporation of India Share Performance: Container Corporation of India share zoomed 5% in last 6-months, rose 16% year-to-date, zoomed 43% in last 2-years, and offered return of 107% in 5-years. In last 10-years, the railway PSU soared 141%. The 52-week high price of Container Corporation of India share on BSE is Rs 1,193.95 per share (as on 04/06/2024) and 52-week low price is Rs 646.90 per share (as on 14/08/2023), respectively.

Container Stock Split History: Container Corporation of India split the face value of its share once since June 26, 2018. Container Corporation of India last split the face value of its shares from Rs 10 to Rs 5 in 2018.

Container Corporation Bonus Share History: Container Corporation of India offered 4 bonus issues since April 16, 2008. The last Bonus that Container Corporation of India declared was in the ratio of 1:4 with ex-date of February 4, 2019.

About: CONCOR was incorporated in March 1988 as a Public Sector Enterprise under the Ministry of Railways with the prime objective of developing modern multimodal transport logistics and infrastructure to support the country's growing international trade.