TCI reports 19 percent revenue growth in H1

Domestic 3PL major Transport Corporation of India (TCI) has witnessed modest growth on key financial parameters during the first half of the current fiscal. In the period between April-September, the company has clocked revenue of Rs 1218 crore which is 19 percent higher than Rs 1025 crore figure registered in the same period last year. During the period, the company has also seen a steep rise in its profit after tax number to the tune of 25 percent over the first half numbers of the previous fiscal.

Commenting on the results,  Vineet Agarwal, Managing Director TCI stated, “We have delivered encouraging results that were in line with our expectations and consolidated our market share across all our divisions. The last quarter was very challenging given the transporter’s strike, floods in Kerala and increasing fuel prices. However the company has been able to achieve organic growth by simultaneously reducing costs and advancing operational efficiencies.” He further added, “With our increased focus on multimodal logistics, we will continue our momentum and deliver competitive and sustained profitability for the whole fiscal year.”

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