State-owned rail operator Container Corporation of India reported a $184 million net profit for fiscal 2010-11 ending March 31, up 5.5 percent from a year earlier.
Total income for the full fiscal year grew 3 percent to $849.5 million from $823.7 million the previous year, the company said in a statement Wednesday.
Concor, an offshoot of Indian Railways, is the largest intermodal logistics provider in the country, with a network of nearly 60 inland terminals. It boosted freight charges for the movement of containerized cargo as of Jan. 20 following a haulage tariff revision by Railways.
Revenue from the core international freight hauling business totaled $665 million compared with $643.5 million in fiscal 2009-10.
Revenue from domestic intermodal operations rose 3 percent to $184.3 million from $179.2 million on a year-on-year basis.
Operating expenses for the year amounted to $654 million, up from $639 million a year earlier. Rail-haulage costs increased to $484 million from $474 million, representing nearly 60 percent of total sales.
The company's profit for the last quarter surged 15 percent year-over-year to $44.7 million. Income during January-March increased to $221 million from $211 million.