Container Corporation of India has reported a record net profit of INR1.66 billion (US$37.49 million), up 20.98 per cent year on year for the quarter ending December 2006, reported Myiris Business Services, an Indian financial wire.

Net sales for the quarter rose 17.53 per cent to INR7.47 billion compared with the corresponding quarter a year ago.

Total income of the company also showed a net jump of 15.28 per cent to INR7.68 billion against INR6.50 billion in the corresponding quarter in 2005.