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Transport Corporation of India Ltd. announces Results for Q2 and H1/FY’23

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~ Company’s standalone revenue Growth over H1:23% ~

~ Net profit growth at standalone over H1: 14.5% ~

 

Mumbai, 1st November 2022: India’s leading integrated supply chain and logistics solutions provider, Transport Corporation of India Ltd., announced its financial results today for the Q2 and H1/FY’23.

Standalone

 

Performance Highlights: H1 FY2023 vs. H1 FY2022

 Revenue from operations of Rs. 1658 Crores, growth of 23% y-o-y

 EBITDA of Rs. 214 Crores compared to Rs. 186 Crores in H1 FY2022

 EBITDA margin at 12.92% compared to 13.82% in H1 FY2022

 PAT of Rs. 134 Crores compared to Rs. 117 Cores in H1 FY2022

Consolidated

Performance Highlights: H1 FY2023 vs. H1 FY2022

 Revenue from operations of Rs. 1836 Crores, growth of 21% y-o-y

 EBITDA of Rs. 236 Crores compared to Rs. 198 Crores in H1 FY2022

 EBITDA margin at 12.86% compared to 13.02% in H1 FY2022

 PAT of Rs. 151 Crores compared to Rs. 124 Cores in H1 FY2022

Commenting on the result, Mr. Vineet Agarwal, Managing Director TCI stated, “In Q2 & HY FY23, the company demonstrated consistent performance. Focus on core business fundamentals coupled with rising demand in the automobile and consumption sectors enabled all business segments to deliver satisfactory results despite inflationary pressure.

The company remains uniquely positioned in tapping high growth segments through its extensive multimodal network, customized service offerings, investments in right technology and automation.

Further, the launch of the National Logistics Policy along with earlier announced PM Gati Shakti framework would be instrumentalfor a push towards seamless multimodal transportation and modern connectivity, increased digitization and standardization to make our country’s logistics efficient and competitive.  TCI continues to invest strongly on all these themes for strong growth over the years.

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