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Transport Corporation of India Ltd. announces Results for Q3 and 9M ending 31st December 2022

Mumbai, India, 31st January 2023: India’s leading integrated supply chain and logistics solutions provider, Transport Corporation of India Ltd., announced its financial results today for the third quarter ending 31st December 2022.

Standalone

Performance Highlights: Q3 FY2023 vs. Q3 FY2022

▪ Revenue from operations of Rs. 881 Crores, growth of 16% y-o-y

▪ EBITDA of Rs. 138 Crores compared to Rs. 114 Crores in Q3 FY2022

▪ PAT of Rs. 95 Crores compared to Rs. 78 Crores in Q3 FY2022 and grew by 22.9%

Performance Highlights: 9M FY2023 vs. 9M FY2022

▪ Revenue from operations of Rs. 2539 Crores, growth of 20.5% y-o-y

▪ EBITDA of Rs. 352 Crores compared to Rs. 300 Crores in 9M FY2022

▪ PAT of Rs. 229 Crores compared to Rs. 194 Crores in 9M FY2022 and grew by 18%

Consolidated

Performance Highlights: 9M FY2023 vs. 9M FY2022

▪ Revenue from operations of Rs. 2802 Crores, growth of 18.8% y-o-y

▪ EBITDA of Rs. 368 Crores compared to Rs. 320 Crores in 9M FY2022

▪ PAT of Rs. 238 Crores compared to Rs. 206 Crores in 9M FY2022 and grew by 15.4%

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Commenting on the results, Mr. Vineet Agarwal, Managing Director, TCI stated, “In Quarter 3 of the financial year, the company has accomplished consistent performance amidst a stable macro environment. All our business segments have delivered satisfactory results in line with expectations.

While we keep a balanced view on the industrywide challenges around inflation and tightening of credit we are confident of achieving our goals to build an integrated multi modal logistics solutions organization. At TCI, our value system and our people remain at the core our customers’ success.

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