Leading logistics firm, TCI , reports a stable Q3 performance, overcoming macro hurdles with a 2.2 percent YoY revenue increase.
Transport Corporation of India (TCI) disclosed its financial results for Q3 and the nine months ending December 2023. In the standalone segment, Q3 revenue from operations reached Rs 8,999 Mn, marking a 2.2 percent YoY growth. The EBITDA stood at Rs 1,386 Mn, with a PAT of Rs 956 Mn, exhibiting a marginal 0.3 percent growth.
On a consolidated scale, TCI recorded a 3.7 percent YoY growth in revenue, totaling Rs 10,020 Mn. The EBITDA for Q3 amounted to Rs 1,276 Mn, with a PAT of Rs 802 Mn. Despite challenges in the macro environment, TCI’s Managing Director, Vineet Agarwal, highlighted the company’s resilience.
He emphasised ongoing investments in warehousing, multimodal infrastructure, and cutting-edge technology to maintain its position as the preferred logistics partner across the Indian sub-continent. TCI remains poised to explore new opportunities, contributing to a more efficient logistics ecosystem in the country.
