Transport Corporation of India Ltd. announces Results for the Q4& FY ending 31st March, 2024
Gurugram, India, 16th May, 2024: India’s leading integrated supply chain and logistics solutions provider, Transport Corporation of India Ltd., announced its financial results today for the financial year ending 31st March, 2024.
Consolidated
| Performance Highlights: Q4/FY2024 vs. Q4/FY2023
Consolidated (In Mn) |
Performance Highlights: FY2024 vs. FY2023
Consolidated (In Mn) |
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| Particulars | 31.03.2024 | 31.03.2023 | Growth | Particulars | 31.03.2024 | 31.03.2023 | Growth |
| Revenue | 10789 | 9794 | 10.2% | Revenue | 40,242 | 37,826 | 6.39% |
| EBIDTA | 1436 | 1273 | 12.8% | EBIDTA | 5,298 | 4,952 | 6.99% |
| PAT | 1033 | 824 | 25.4% | PAT | 3545 | 3206 | 10.57% |
Standalone
| Performance Highlights: Q4/FY2024 vs. Q4/FY2023
Standalone (In Mn) |
Performance Highlights: FY2024 vs. FY2023
Standalone (In Mn) |
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| Particulars | 31.03.2024 | 31.03.2023 | Growth | Particulars | 31.03.2024 | 31.03.2023 | Growth |
| Revenue | 9539 | 8897 | 7.2% | Revenue | 36,138 | 34,302 | 5.35% |
| EBIDTA | 1173 | 1160 | 1.1% | EBIDTA | 4,890 | 4,679 | 4.51% |
| PAT | 820 | 741 | 10.7% | PAT | 3279 | 3035 | 8.04% |
FY’24 Results Comments
Commenting on the Q4 results of FY24, Mr. 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.