Domestic logistics major, Transport Corporation of India (TCI) has reported an increase of nearly 12.7 percent in its topline in 2016-17. Its consolidated income stood at Rs 1954 crore in 2016-17 as against Rs 1734 crore in the previous fiscal. There has been an impressive jump of around 40 percent in its profits (profit before tax) which rose from Rs 72 crore in 2015-16 to Rs 100 crore in 2016-17.
Commenting on the results, Vineet Agarwal, Managing Director said, “The overall improvement in business environment and our continued focus on value added services have helped us achieve record revenue and margin growth this year. With changing consumption trends, we have achieved traction in building additional ecommerce fulfilment centers and expand other niche logistics sectors. We have deployed one more high tonnage ship this year on the West coast to strengthen our national multimodal network.”