Transport Corporation Of India

Transport Corporation of India Q3 profit rises 23% to Rs 95 crore

Supply chain and logistics solutions provider Transport Corporation of India Ltd (TCI) on Monday reported a 23 per cent growth in standalone profit after tax at Rs 95 crore in the quarter ended December 2022. The company had posted a PAT (Profit After Tax) of Rs 78 crore in the same quarter of FY22, TCI said in a statement. Revenue from operations during the reporting quarter grew 16 per cent year-on-year at Rs 881 crore, it said. "The company has accomplished consistent performance amidst a stable macro environment in the third quarter of the current fiscal. All our business segments have delivered satisfactory results in line with expectations," said Vineet Agarwal, Managing Director at TCI. While the company keeps a balanced view on the industry-wide challenges around inflation and tightening of credit, "we are confident of achieving our goals to build an integrated multi-modal logistics solutions organisation," he added.

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Logistics firm TCI lines up Rs 250 cr capital expenditure for FY23

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TCI chalks out strong capex plan over three years; defers FY22 capex

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Transport Corporation of India PAT zooms 10-fold to Rs 47 cr in Jun quarter

Logistics firm Transport Corporation of India (TCI) has reported a 10-fold jump in consolidated profit after tax (PAT) to Rs 47.47 crore for the quarter ended June 30, 2021.

Logistics sector poised for growth, but buy stocks selectively: Analysts

Analysts see the logistics sector as a big beneficiary of the 're-opening of the economy' theme, with pent-up demand expected to drive growth

Transport Corporation surges 62% in four days on strong Q4 results

The management expects a pickup in surface freight activity from H2 onwards (near festive season)

Transport Corporation shares hit 20% upper circuit post Q4 results

As per management, in spite of challenges posed by the pandemic in FY21, the company was able to sustain its revenues and margins due to its diversified portfolio of value-added services

Cash-strapped MSRTC seeks Rs 3,600 cr govt funds to pay salaries

The Maharashtra State Road Transport Corporation has sought Rs 3,600 cr from the state government for payment of salaries and other essential expenses, Transport Minister Anil Parab said on Friday.

Transport Corporation locked in lower circuit for third day on demerger

The stock was down 5% at Rs 193 on the BSE.