Container Corp. of India reported its net income in the second fiscal quarter, which ended Sept. 30, was $40 million, climbing 5 percent from $38 million in the year-ago period.
Quarterly revenue jumped 19 percent year-over-year to $206 million.
Operating income from the state-owned rail operator’s international intermodal operations grew 17 percent from a year earlier to $163.5 million. Income from the domestic freight hauling business was $42 million, increasing 27 percent from $33 million in the same quarter of 2012.
The company’s operating expenses during July to September totaled $168 million, up 22 percent year-over-year. Quarterly rail-haulage costs surged 22 percent from a year earlier to $122.3 million, accounting for almost 60 percent of total sales.
Concor’s net profit in the first half of fiscal year 2013-14 was $80.2 million, rising 2 percent from the same period last year. Total revenue from April to September increased 17 percent to $401.6 million.
The company, an offshoot of Indian Railways, is the largest intermodal logistics provider in the country, with a network of about 60 inland terminals.