Business

TCI Delivered strong performance in Q3 FY2022 with PAT up by 94% and EBITDA up by 36% on y-o-y basis

TCI Delivered strong performance in Q3 FY2022 with PAT up by 94% and EBITDA up by 36% on y-o-y basis
TCI Delivered strong performance in Q3 FY2022 with PAT up by 94% and EBITDA up by 36% on y-o-y basis
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.

Standalone

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

Consolidated

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

Commenting on the results, Mr. Vineet Agarwal, Managing Director, TCI stated, “The third quarter and 9 months into the current financial year have been encouraging and in line with the positive business momentum in the country. All service offerings have performed well both on top-line and bottom-line fronts.
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

Skip to toolbar