India's Container Corp Q1 profit falls as costs rise, revenue slip - Reuters India

State-owned Container Corporation of India reported a 17% decline in first-quarter profit due to increased costs and falling revenue. The logistics operator's net profit decreased to 2.46 billion rupees ($29.8 million) compared to the previous year, while revenue from operations fell 3.6% to 19.22 billion rupees. The company's board also announced an interim dividend of two rupees per share. The Indian government plans to sell its 31% stake in the company, with shares closing 1.8% lower ahead of the results.

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