Transport Corporation of India Limited Q1 PAT up by 17.39%
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.
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, 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.”
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