TCI's Impressive Standalone Profit Surge in Q1: Enhancing India's Logistics Landscape
Transport Corporation of India (TCI) reported a significant 19% rise in standalone profit after tax for the June quarter, driven by growth in multiple logistics sectors. The company credits its success to robust infrastructure investments and a customer-focused approach amid evolving manufacturing trends in India.
- Country:
- India
Transport Corporation of India (TCI), a leading multimodal logistics operator, has announced a 19% growth in its standalone profit after tax (PAT) for the June quarter, totaling Rs 124.2 crore. This represents a notable increase from the Rs 104.7 crore PAT recorded in the same period last year.
The company's revenue rose by 5.1% year-on-year, reaching Rs 1,033.8 crore for the quarter, up from Rs 984 crore. TCI also reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of Rs 162.9 crore, compared to Rs 144.7 crore in the April-June period of FY25.
Vineet Agarwal, TCI's Managing Director, highlighted the company's solid Q1 progress, attributing it to steady growth across its multimodal, warehousing, third-party logistics, and cold chain sectors. He emphasized the positive impact of manufacturing sector revival on logistics demand and underscored TCI's commitment to infrastructure investment and green logistics strategies.
(With inputs from agencies.)
Google News