Transport Corporation of India (TCI) announced its financial results for the second quarter ended September 30, 2024 with a consolidated revenue of ₹1,131 crore, marking a growth of 12 percent compared to ₹1,004 crore in the same period last year.
The company’s Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹151 crore, a 15 percent increase from ₹131 crore in Q2/FY2024.
PAT rose by 22 percent to ₹107 crore, compared to ₹87 crore in the corresponding quarter of the previous year. Vineet Agarwal, MD – TCI said “The company has displayed resilient growth in Q2FY25 despite stalling economic conditions due to heavy monsoons, uncertainties of global geopolitical developments and slower private consumption.
We have seen growth across all lines of businesses, especially in warehousing and 3PL green multimodal solutions, coming from sectors like Industrials, electrical equipment, chemicals, quick commerce & consumer electronics etc. Our diversified offerings of
cold chain & chemical logistics along with other emerging vertical solutions have shown positive traction by efficiently tapping into available opportunities.