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Transport Corporation of India Ltd. announces Results for the Q4& FY ending 31st March, 2024

Mumbai, 22nd May, 2024: India’s leading integrated supply chain and logistics solutions provider, Transport Corporation of India Ltd., announced its financial results today for the financial year ending 31st March, 2024.

Consolidated

Performance Highlights:  Q4/FY2024 vs. Q4/FY2023

                                                                                              

Consolidated                                                    (In Mn)

Performance Highlights: FY2024 vs. FY2023

                                                                                              

 

Consolidated                                                        (In Mn)

Particulars 31.03.2024 31.03.2023 Growth Particulars 31.03.2024 31.03.2023 Growth
Revenue 10789 9794 10.2% Revenue 40,242 37,826 6.39%
EBIDTA 1436 1273 12.8% EBIDTA 5,298 4,952 6.99%
PAT 1033 824 25.4% PAT 3545 3206 10.57%

Standalone

 

Performance Highlights:  Q4/FY2024 vs. Q4/FY2023

                                                                                              

Standalone                                                   (In Mn)

Performance Highlights: FY2024 vs. FY2023

                                                                                              

 

Standalone                                                          (In Mn)

Particulars 31.03.2024 31.03.2023 Growth Particulars 31.03.2024 31.03.2023 Growth
Revenue 9539 8897 7.2% Revenue 36,138 34,302 5.35%
EBIDTA 1173 1160 1.1% EBIDTA 4,890 4,679 4.51%
PAT 820 741 10.7% PAT 3279 3035 8.04%

 

 

FY’24 Results Comments

Commenting on the Q4 results of FY24, Mr. Vineet Agarwal, Managing Director of Transport Corporation of India Limited, stated, TCI has delivered a stellar performance, spurred by growth in key sectors such as automobiles, engineering, temperature-sensitive products, alongside promising developments in new-age verticals.

The new financial year has started with a strong pipeline for most of our services, including 3PL, warehousing, inbound-outbound logistics, cross-border, rail and coastal multimodal solutions. This underscores our clients’ choice of TCI as their preferred logistics partner.

We continue to build solutions in the area of sustainability, by adopting EV & alternate fuels like LNG. Additionally, TCI-IIMB Supply Chain Sustainability Lab celebrated its first-year anniversary, reinforcing the team’s dedication to advancing ESG practices for the betterment of the industry.

The company’s commitment to innovation and excellence is reflected in its digital initiatives aimed at providing customized solutions, including WhatsApp for business, control tower, integration with ULIP, ONDC, etc. We have recently launched our new website for better interactivity with all our customers & other stakeholders.

Looking ahead in the post-election period, we anticipate strong improvement in our performance.

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