TCI announces Strong Q2/FY2025 Financial Results
GURUGRAM : 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 September 30, 2024.
Financial Highlights for Q2/FY2025:
- Revenue: TCI reported a consolidated revenue of ₹ 11314 Mn., marking a growth of 12.6% compared to ₹ 10048 Mn. in the same period last year.
- EBITDA: The Company’s Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹ 1519 Mn., a 15.2% increase from ₹ 1319 Mn. in Q2/FY2024.
- Profit after Tax (PAT): PAT rose by 22.2% to ₹ 1073 Mn., compared to ₹ 878 Mn. in the corresponding quarter of the previous year.
Management Commentary:
Summarizing the quarterly performance, Mr. Vineet Agarwal , MD – TCI said “The company has displayed resilient growth in Q2FY25 despite stalling economic conditions due to heavy monsoons, uncertainties of global geopolitical developments and slower private consumption. We have seen growth across all lines of businesses, especially in warehousing and 3PL green multimodal solutions, coming from sectors like Industrials, electrical equipment, chemicals, quick commerce & consumer electronics etc. Our diversified offerings of cold chain & chemical logistics along with other emerging vertical solutions have shown positive traction by efficiently tapping into available opportunities.
The “Committed” badge of Sustainability awarded by EcoVadis in Aug’24 affirms that our efforts have now moved from commitment to measurable output at par with global sustainability standards. Our continuous efforts towards road safety through TCI Safe Safar, have yet again been recognized at the 6th Road Safety Award by FICCI in collaboration with the Hon’ble Government of India.
With the increased public infrastructure spends renewing the thrust on rail, waterways & multimodal-cargo-park projects clubbed with recovering private consumption, we remain optimistic on growth in the coming quarters. By investing in technology, automation, and enhancing our rail & coastal multimodal service offerings to expand our network, we are continuously strengthening our capabilities to remain as the leaders in logistics.