Business Desk: Container Corporation of India (CONCOR), a Navratna public sector enterprise in rail logistics, has announced a bonus share issue in the ratio of 1:4, meaning shareholders will receive one fully paid-up equity share of ₹5 for every four existing shares, subject to shareholder approval via postal ballot.
The company has set Friday, July 4, 2025, as the record date to determine the eligibility of shareholders for the bonus issue. In a regulatory filing, CONCOR confirmed this date, adding that it follows an earlier notice issued on May 28, 2025, regarding the dispatch of postal ballots to seek shareholder approval. On the market front, CONCOR shares saw a positive response, closing 1.37% higher at ₹737.90 apiece on the BSE, compared to the previous close of ₹727.90, with intraday movement between ₹728.05 and ₹740.
The stock opened at ₹730 and now boasts a market capitalization of approximately ₹44,959 crore, placing it among the BSE 200 index constituents. Alongside the bonus announcement, CONCOR declared a final dividend of ₹2 per equity share for FY25, with the ex-dividend date set as June 6, 2025. This comes in addition to two earlier interim dividends of ₹3.25 and ₹4.25 per share, bringing the total dividend payout for the year to ₹9.50 per share.
Financially, the company reported a 1.6% decline in consolidated net profit for the quarter ended March 31, 2025, with earnings falling to ₹298.5 crore from ₹303 crore in the same quarter last year. This dip was primarily due to a 10% drop in revenue from its domestic cargo segment, resulting in a total quarterly revenue of ₹2,287.8 crore, slightly down from ₹2,325 crore in Q4 FY24. Despite the dip in profit, investor sentiment remains strong, fueled by the bonus share issuance and consistent dividend payouts.
