Surface Transport company Transport Corporation of India announced Q4FY24 & FY24 results:
- TCI announced a 10% growth in consolidated revenue for Q4FY24, compared to the same period the previous year, totaling Rs 10,789 million.
- The company's consolidated net profit saw a significant rise of 25.4%, reaching Rs 1,033 million for Q4FY24.
- For FY24, TCI reported a consolidated revenue of Rs 40,242 million, marking a 6.39% increase from the previous year.
Commenting on the Q4 results of FY24, Vineet Agarwal, Managing Director of Transport Corporation of India Limited, stated, TCI has delivered a stellar performance, spurred by growth in key sectors such as automobiles, engineering, temperature-sensitive products, alongside promising developments in new-age verticals.
The new financial year has started with a strong pipeline for most of our services, including 3PL, warehousing, inbound-outbound logistics, cross-border, rail and coastal multimodal solutions. This underscores our clients' choice of TCI as their preferred logistics partner.
We continue to build solutions in the area of sustainability, by adopting EV & alternate fuels like LNG. Additionally, TCI-IIMB Supply Chain Sustainability Lab celebrated its first-year anniversary, reinforcing the team’s dedication to advancing ESG practices for the betterment of the industry.
The company’s commitment to innovation and excellence is reflected in its digital initiatives aimed at providing customized solutions, including WhatsApp for business, control tower, integration with ULIP, ONDC, etc. We have recently launched our new website for better interactivity with all our customers & other stakeholders.
Looking ahead in the post-election period, we anticipate strong improvement in our performance.