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Transport Corporation of India Ltd's half yearly PAT increases by 12.6 % to Rs 42.1 Cr from Rs 37.4 Cr

India Blooms News Service | | Oct 29, 2015, at 01:06 am

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.

#Transport Corporation of India Ltd # half yearly # PAT

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