All service offerings have performed well both on top-line and bottom-line fronts.
Announced 2nd Interim Dividend of Rs. 2/- per share and payout of 100% on the face value
Mumbai, 27th January, 2022: Transport Corporation of India Ltd. (“TCI”), India’s leading integrated supply chain and logistics solutions provider, today announced its financial results for the third quarter ending 31st December, 2021.
Performance Highlights: Q3 FY2022 vs. Q3 FY2021
Revenue from operations of Rs. 759 Crores, growth of 6.2% y-o-y and 3.1% on sequential basis
EBITDA of Rs. 114 Crores compared to Rs. 84 Crores in Q3 FY2021
EBITDA margin at 14.9% compared to 11.6% in Q3 FY2021
PAT of Rs. 78 Crores compared to Rs. 40 Cores in Q3 FY2021 and grew by 94%
PAT Margin at 10.1% compared to 5.5% in Q3 FY2021
Performance Highlights: 9M FY2022 vs. 9M FY2021
Revenue from operations of Rs. 2359 Crores, growth of 23.5% 5 y-o-y
EBITDA of Rs. 320 Crores compared to Rs. 197 Crores in 9M FY2021
EBITDA margin at 13.5% compared to 10.2% in 9M FY2021
PAT of Rs. 206 Crores compared to Rs. 85 Crores in 9M FY2021 and grew by 143%
PAT Margin at 8.7% compared to 4.4% in 9M FY2021
The festive season added to the growth despite constraints in the Automotive sector due to the ongoing semiconductor shortage. Multi-modal logistics continued to gain strides especially our Coastal Shipping business performing exceptionally. TCI remains invested in Multi-modal business as it has a direct bearing on reduction in GHG emissions leading to a positive ESG compliance for all our clients.
We continue to witness an upward swing in demand for 3PL & Cold Supply Chain Solutions driven by technology enabled platform for fulfilment & customer service.
The importance of logistics in corporate board rooms, government investments in infrastructure and Atmanirbhar Bharat all augur well for a strong integrated multimodal logistics player like TCI.
This article was shared with Prittle Prattle News as a Press Release by PRNewswire