Transport Corporation of India (TCI), an integrated supply chain and logistics solutions provider on Monday reported a 5.9 per cent year-on-year (YoY) growth in its consolidated net profit at Rs. 832 million for the first quarter of the financial year 2024, compared to Rs 786 million in Q1FY23.
The company’s consolidated revenue from operations also witnessed 5.5 per cent YoY growth at Rs. 9,583 million for the quarter gone by, compared to the same year quarter last year.
Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) decline to Rs. 1,267 million from Rs. 1,191 million in FY2023.
TCI has delivered consistent performance despite the industry headwinds of low consumer demand, slow-down in EXIM trade and moderate credit growth, the companies said in an official statement.
“Our warehousing, 3PL services & emerging vertical solutions have seen traction along with heavy demand in the automotive segment. In addition, brands will witness demand due to good monsoon and the upcoming festive season,” said Vineet Agarwal, MD – TCI.
