TCI Reports 10% Rise in Q1 Net Profit, Reaches ₹92 Crore
News: Transport Corporation of India (TCI) announced a 10% increase in its consolidated profit after tax (PAT), reaching ₹91.6 crore for the quarter ending June 30, 2024. This is up from ₹83.2 crore in the same period last year, according to a filing with the BSE.
The company’s income also grew, rising to ₹1,056 crore from ₹958.3 crore a year ago.
Vineet Agarwal, TCI’s Managing Director, expressed satisfaction with the company’s strong performance in the first quarter of FY2025. He highlighted growth across all product segments, particularly in coastal shipping, rail multimodal solutions, 3PL/warehousing, and cold chain logistics. Agarwal emphasized TCI’s ongoing focus on delivering customized, technology-driven solutions to its customers.
Additionally, TCI continues to invest in essential infrastructure, such as warehouses and yards, while utilizing data from e-waybills and FASTag to better predict demand and improve logistics efficiency.
Source: The Economic Times
