Tuesday, Sep 26 2023 | Time 19:15 Hrs(IST)
Business Economy

TCI sees a 65.9 pc y-o-y jump in PAT

Gurugram, August 8(UNI) Integrated supply chain and logistics solutions provider, Transport Corporation of India Ltd., on Monday announced its financial results for the first quarter ended June 30.
The company's profit after tax (PAT) stood at Rs. 79 Crores compared to Rs. 47 Crores in Q1 FY2022 hence showing a y-y growth of 65.9 pc.
Revenue from operations grew 32.2 pc on a y-o-y basis to Rs. 807 Crores.
Commenting on the result, Mr. Vineet Agarwal, Managing Director TCI stated, the company continued to demonstrate steady performance due to its adherence to core business fundamentals. Impact of high fuel prices, general inflation and volatile demand in certain sectors were key challenges which the company maneuvered to deliver value to its customers.
The emphasis on providing seamless coastal services and rail logistics via a multimodal network has got further traction with customers off-setting their carbon emissions besides managing their cost.
TCI's consistent performance as leaders in logistics got reinforced when it bagged two awards under the categories of "Best Warehouse Service Provider" & "Best Cold Chain/Refrigerated Service Provider" in the first National Logistics Excellence Awards announced by the Government ofIndia, Ministry of Commerce & Industry.
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