Gurugram, India – July 29, 2024 – 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 June 30, 2024.

Financial Highlights for Q1/FY2025:

Revenue: TCI reported a standalone revenue of ₹ Mn 9844, marking a growth of 10.9% compared to ₹ Mn 8875 in the same period last year.

EBITDA: The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹ Mn 1452, a 16.7% increase from ₹ Mn 1244 in Q1/FY2025.

 Profit After Tax (PAT): PAT rose by 26.3% to ₹ Mn 1052, compared to ₹ Mn 833 in the corresponding quarter of the previous year.

Standalone:

Management Commentary:

Mr. Vineet Agarwal, Managing Director, Transport Corporation of India Ltd. said, “We have delivered a robust performance in the first quarter of FY2025. All our product segments serving various industry verticals have grown, especially coastal shipping, rail multimodal solutions, 3PL/warehousing and cold chain logistics. Our focus remains on providing value added and technologically advanced customized offerings to our customers.

TCI continues to innovate and develop sustainable solutions through investments in rail and coastal multimodal assets & networks. We are enabling our customers to reduce their GHG emissions by increasing our fleet of BS VI vehicles and by adopting alternate fuels like Electric, CNG & LNG.

The recent union budget has laid out a clear roadmap for the growth of the logistics sector as envisioned in the National Logistics Policy. TCI continues to invest in critical infrastructure like warehouses, yards and leverage big data from e-waybills and FASTag to estimate demand and enhance logistics efficiency for our customers.

To bolster multimodal capabilities, the Company has placed orders for building of two 7300 MT dead weight capacity cellular container vessels for a total contract price of USD 38.80 Mn. The ships are expected to be delivered by end 2026.