Transport Corporation of India Ltd share Price Today

Surface Transportation company Transport Corporation of India announced Q1FY24 results:

• Consolidated Q1FY24 vs Q1FY23:
  • Revenue from operations of Rs 9,583 million, growth of 5.5% YoY
  • EBITDA of Rs 1,267 million compared to Rs 1,191 million in Q1FY23
  • PAT of Rs 832 million compared to Rs 786 million in Q1FY23 and grew by 5.9%
• Standalone Q1FY24 vs Q1FY23:
  • Revenue from operations of Rs 8,875 million, growth of 7.8% YoY
  • EBITDA of Rs 1,244 million compared to Rs 1,151 million in Q1FY23
  • PAT of Rs 833 million compared to Rs 766 million in Q1FY23 and grew by 8.7%

Commenting on the results, Vineet Agarwal, MD – TCI said, “The Company has delivered consistent performance despite the industry headwinds of low consumer demand, slow-down in EXIM trade, and moderate credit growth.

Our warehousing, 3PL services & emerging vertical solutions have seen traction along with heavy demand in the automotive segment. In addition, brands will witness demand due to the good monsoon and the upcoming festive season.

We continue to keep sustainability at the core of everything we do, thereby enabling our customers to meet their net-zero climate goals. TCI has committed to deploy zero-emission trucks over the next 18-24 months to run on India’s first zero-emission road freight cluster as announced by Niti Ayog in collaboration with WRI India & World Economic Forum.

Our investments in strengthening rail and coastal multimodal service offerings and building networks thereof remain.

As India gears up to be amongst the top 3 world economies, TCI is building up its capabilities and capacities to remain as leaders in logistics."

Result PDF