Container Corp Q1 Update: Total Throughput Rises 6% Driven By Domestic Demand
The board is scheduled to consider an interim dividend for fiscal 2025 in a meeting on Monday.
Container Corp. of India Ltd. reported a 6% yearly growth in total throughput in the April-June quarter, according to provisional business updates released on Monday. Throughput refers to the total time it takes to develop and deliver goods or services to the customer.
Total throughput stood at 11.59 lakh twenty-foot equivalent units (TEUs) in the first quarter, as compared to 10.93 lakh TEUs.
Export-import throughput rose 3.3% year-on-year to 2.89 lakh TEUs, while domestic throughput soared 15.3% to 8.69 lakh TEUs.
Meanwhile, the board is scheduled to consider an interim dividend for fiscal 2025 in a meeting on Monday. The record date for the dividend, if declared, will be July 17.
Shares of Container Corp. closed 1.52% lower at Rs 1,043.1 apiece, as compared to a flat BSE Sensex.
