TCI Logistics Q1 Profit Rises 10% to Rs 92 Cr
Jul 27, 2024 14:23
TCI, a leading logistics firm, reported a 10% increase in Q1 profit to Rs 91.6 crore, driven by growth across various segments including coastal shipping, rail multimodal solutions, and warehousing.
New Delhi, Jul 27 (PTI) Logistics company TCI on Saturday reported 10 per cent rise in consolidated profit after tax (PAT) at Rs 91.6 crore for the quarter ended June 30, 2024.
The company had posted a PAT of Rs 83.2 crore for the year-ago period, Transport Corporation of India (TCI) said in a filing to BSE.
Income rose to Rs 1,056 crore from Rs 958.3 crore in the year-ago period, the filing 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," Managing Director Vineet Agarwal said.
The company said it 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 its customers.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.