asianprimenews
Breaking News
Breaking NewsGeneralPublic Interest

Transport Corporation of India Ltd. Announces Strong Q1/FY2025 Financial Results

by asianprimenews0204

Mumbai, July 29, 2024: Transport Corporation of India Ltd. (TCI), India’s leading integrated supply chain and logistics solutions provider, today announced its financial results for the first quarter ended June 30, 2024.

Financial Highlights for Q1/FY2025:

 

– Revenue: TCI reported a standalone revenue of ₹ Mn 9844, marking a growth of 10.9% compared to ₹ Mn 8875 in the same period last year.

– EBITDA: The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹ Mn 1452, a 16.7% increase from ₹ Mn 1244 in Q1/FY2025.

– Profit After Tax (PAT): PAT rose by 26.3% to ₹ Mn 1052, compared to ₹ Mn 833 in the corresponding quarter of the previous year.

Standalone:

 

Performance Highlights: Q1/FY2025 vs. Q1/FY2024 Standalone (In ₹ Mn.)
Particulars 30.06.2024 30.06.2023 Growth %
Revenue 9844 8875 10.9%
EBIDTA 1452 1244 16.7%
PAT 1052 833 26.3%

 

Management Commentary:

 

Mr. Vineet Agarwal, Managing Director, Transport Corporation of India Ltd. said, “We have delivered a robust performance in the first quarter of FY2025. All our product segments serving various industry verticals have grown, especially coastal shipping, rail multimodal solutions, 3PL/warehousing and cold chain logistics. Our focus remains on providing value added and technologically advanced customized offerings to our customers.

TCI continues to innovate and develop sustainable solutions through investments in rail and coastal multimodal assets & networks. We are enabling our customers to reduce their GHG emissions by increasing our fleet of BS VI vehicles and by adopting alternate fuels like Electric, CNG & LNG.

The recent union budget has laid out a clear roadmap for the growth of the logistics sector as envisioned in the National Logistics Policy. TCI continues to invest in critical infrastructure like warehouses, yards and leverage big data from e-waybills and FASTag to estimate demand and enhance logistics efficiency for our customers.

To bolster multimodal capabilities, the Company has placed orders for building of two 7300 MT dead weight capacity cellular container vessels for a total contract price of USD 38.80 Mn. The ships are expected to be delivered by end 2026.

Related posts

A Greener Ganpati: Ayushmann Khurrana joins Amruta Fadnavis’s Beach Cleanup Drive after Visarjan*

asianprimenews

Paytm’s FY24 Revenue jumps 25% YoY to ₹9,978 Cr, EBITDA before ESOP at ₹559 Cr

asianprimenews

WINNING AN OLYMPIC MEDAL TRANSFORMS NOT ONLY THE LIFE OF THE ATHLETE BUT ALSO THE LIVES OF THEIR FAMILY, SOCIETY, AND VILLAGE: SAKSHI MALIK The Olympic spirit took centre-stage at an event ‘An Olympic Dream: Sport in India,’ a panel discussion, hosted by the JSW Group, Asia Society India Centre, and the Consulate General of France in Mumbai at the Museum of Solutions. The event witnessed the attendance of Mr. Parth Jindal, Founder, JSW Sports along with Indian athletes Sakshi Malik, Dipa Karmakar and Priya Mohan. Mr. Parth Jindal, Founder, JSW Sports, spoke at an event ‘An Olympic Dream: Sport in India,’ a panel discussion hosted by the JSW Group, Asia Society India Centre, and the Consulate General of France in Mumbai, “I believe the way forward for Indian sports is a robust public-private partnership. The reach and funding the government provides are unparalleled, but the private sector adds essential elements like sports science, nutrition, and technology, enhancing the government’s efforts. Over the past decade, this collaboration has flourished. Initiatives like the Target Olympic Podium Scheme (TOPS), the Mission Olympic Cell, and Khelo India are excellent examples of this synergy, developed in consultation with the private sector. “Despite this progress, the private sector primarily operates within existing government infrastructure, except for a few notable ventures like the Inspire Institute of Sport. To truly elevate Indian sports, we need at least 10 such centres across the country—ideally one in every state. The government is already encouraging private entities to manage these centres, but more involvement is needed. “There are two main challenges in Indian sports: insufficient private sector participation and persistent issues within sports federations, which still suffer from political interference. However, improvements are visible each year. With the Paris Olympics approaching, the collaboration between the government and the private sector is more concentrated and symbiotic than ever, and I am optimistic about the results.” “One crucial aspect of our sports journey has been the emergence of heroes who inspire the next generation. From the three heroes of 2008, we saw six more in 2012, followed by two in 2016. In Tokyo, our hockey team and six other medallists stood out, along with the exceptional Neeraj Chopra in track and field. Each hero, like Vijender Singh in boxing or Sakshi Malik in wrestling, ignites dreams and possibilities in their respective sports. Neeraj Chopra’s achievements in javelin, a sport previously deemed beyond our genetic capabilities, have paved the way for future champions. Now, we have three Indian men’s javelin throwers heading to Paris, a testament to our evolving athletic prowess.” Mr. Parth Jindal, Founder, JSW Sports, further elaborated about Neeraj Chopra, “Neeraj Chopra’s story is a remarkable testament to talent identification and resilience. We discovered Neeraj in 2015 through our sports excellence program, and in 2016, he shattered the World Junior Championship record and won a gold medal in Poland with an 86.48-meter throw. Had he achieved that throw at the Rio Olympics, he would have secured a bronze medal. His journey only became more compelling from there. “The Sports Authority of India (SAI) brought in Uwe Hohn, the only man to throw over 100 meters, as Neeraj’s coach, leading to a significant change in his technique. Unfortunately, this change resulted in a dislocated elbow in 2019, after Neeraj had won gold at the 2018 Asian Games. Many feared this injury would end his career, especially with the Tokyo Olympics looming in 2020. However, the postponement of the Olympics due to COVID-19 gave Neeraj a crucial year to recover. “During the pandemic, with Indian athletes struggling to obtain visas for overseas training, we reached out to the External Affairs Minister, Mr. S. Jaishankar, advocating for urgent visa approvals for Neeraj and wrestler Bajrang Punia. The government swiftly responded, granting them visas—Neeraj received a Schengen visa for France, and Bajrang went to Russia. This enabled them to participate in key tournaments leading up to Tokyo. “When asked why we prioritized these two athletes, my response was rooted in our experience: after nine years in sports development, we believed they were India’s best bets to win medals. As it turned out, both Neeraj and Bajrang proved us right by winning medals at the Tokyo Olympics.” Sakshi Malik, an Olympics bronze medallist, spoke at an event ‘An Olympic Dream: Sport in India,’ a panel discussion hosted by the JSW Group, Asia Society India Centre, and the Consulate General of France in Mumbai, “An Olympic dream is not just an athlete’s dream; it’s the dream of an entire family. Winning an Olympic medal transforms not only the life of the athlete but also the lives of their family, society, and village. After my medal, significant changes occurred. The Chhotu Ram Stadium in Rohtak, where I trained, went from having a tin roof to becoming an AC hall. A stadium was even built in my village and named after me. An Olympic medal creates numerous opportunities, especially for children, allowing them to train in better facilities. “The craze for wrestling in Haryana has surged. Everywhere you go, there’s a stadium every ten minutes, and you’ll find girls training in each one. The old mindset that girls couldn’t wrestle has changed dramatically. The misconceptions that girls are impure and shouldn’t participate in wrestling have been debunked. Now, girls are proving that they too can excel in wrestling. “There was a time when people believed that girls couldn’t wrestle, but today, this has changed. For the first time, five girls are going to the Olympics for wrestling while only one boy is going. Girls, who were once suppressed, are now boldly stepping forward and excelling in wrestling. “After my medal win, no one enters wrestling merely thinking about securing a job or a benefit. They now start with the goal of winning an Olympic medal. This shift in mindset is incredibly inspiring.”

asianprimenews

Leave a Comment

Save my name, email, and website in this browser for the next time I comment.