Transport Corporation of India Limited Q1 PAT up by 17.39%

Vineet Agarwal

Vineet Agarwal

New Delhi, 3rd August 2015: Transport Corporation of India Ltd. (TCI), India’s leading integrated supply chain and logistics solutions provider today announced its financial result for the 1stquarter ended June 30, 2015. The company’s total revenue for the quarter registered a growth of 6.10 % rising to Rs. 552.31 crore from Rs. 520.56 crore in the corresponding period last year. It has registered 10.25% increase in EBITDA for the period to Rs. 45.39 crore from Rs. 41.17 crore in the corresponding quarter last year.

Highlights of Q1 ended June 30,2015 (Rs. in Crore)
Particulars 30.06.15 30.06.14 (% ) Growth
Total Revenues 552.31 520.56 6.10
EBITDA 45.39 41.17 10.25
PBT 25.84 21.71 19.04
PAT 18.77 15.99 17.39

The company’s PAT rose by 17.39% for the quarter to Rs. 18.77 crore from Rs. 15.99 crore in the corresponding period last year.

Commenting on the company’s quarter results performance, Mr. Vineet Agarwal, Managing Director, TCI said, “We attribute this quarter’s performance to our constant focus on high margin Express and Supply Chain businesses.  Though volumes have shown a very slight improvement, the company has recorded better margins due to the right mix of businesses from value growth verticals like FMGC, retail, auto and e-commerce.”

He further added, “In coming months we expect some traction in business growth due to positive signals emanating from the economy.” TCI’s recent expansion in the coastal shipping services at the western coast has registered a very good response.  The company is further planning to expand its cargo container shipping service from Gujarat to Kerala.

With expertise developed over five decades, network of over 1,400 company-owned offices, 10.5 million square-feet of warehousing space, 8 fulfillment centers and a team of over 5,000 trained team members, TCI is well placed to cater to the growing logistics requirement of clients due to the emergence of e-commerce and omni-channel retail.

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