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Container Corporation of India (Concor) has registered a 4 per cent growth in net profit during the quarter ended September 2013. The company would have earned higher margins if it had passed on the increase in rail haulage charges to its customers.
Rail haulage is what container train operators pay the Indian Railways for using their track and signalling infrastructure. There was a 22 per cent increase in rail haulage charges during the period.
“We did not pass on the increase in rail haulage charges to our customers. However, we have gained market share in the export import traffic to 81 per cent from 76 per cent,” P. Allirani, Director (Finance), Concor, told Business Line .
“We are probably the only incumbent across sectors to have gained market share after privatisation,” added Allirani.
The company’s revenues grew 19 per cent during the quarter.
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