April 18, 2024 21:45 (IST)
Follow us:
Transport Corporation of India Ltd's half yearly PAT increases by 12.6 % to Rs 42.1 Cr from Rs 37.4 Cr
Kolkata, Oct 28 (IBNS): Transport Corporation of India Ltd., an integrated supply chain and logistics solutions provider, on Wednesday announced its financial results for the second quarter ended September 30, 2015.
Revenue growth is subdued due to poor economic conditions. EBIDTA for this Half Year stands at 8.60% as against 8.18% in corresponding period last year and profit after tax has also shown a consistent growth.
Commenting on the results, Vineet Agarwal, Managing Director, TCI said, “We attribute this half year’s performance to our constant focus on changing our product mix towards high value added businesses. We have seen significant traction in demand for our services in the fast growing sectors like Air Cargo, LTL (less than truck Load), warehousing and e-commerce.”
TCI has significantly expanded its e-fulfillment capabilities with a capacity of handling 150,000 unique orders a day. TCI’s recent expansion in the coastal shipping services on the West coast of India has registered a good response.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Infosys workforce declines by 25,994 in FY24 Thu, Apr 18 2024
UK's Vesuvius group to invest Rs 1,000 cr in India Thu, Apr 18 2024
Infosys Q4FY24 net profit jumps 30% YoY to Rs 7,969 cr Thu, Apr 18 2024
Indian bourses close in red amid uncertainty in West Asia; Sensex tanks 450pts, Nifty at 21,995 Thu, Apr 18 2024
Musk's Visit to India Can Be a Game-Changer for the Tech Landscape Thu, Apr 18 2024
India now part of global value and supply chains, says CII chief Thu, Apr 18 2024
India to remain driver for global growth in the foreseeable future, says IMF Executive Director Thu, Apr 18 2024
Paytm starts migrating its users to PSP banks Thu, Apr 18 2024