TCI's standalone revenue for the quarter grows by 17%

November 2, 2017: Transport Corporation of India (TCI) has announced its financial results for the second quarter/ half year ended on September 30, 2017.

The integrated supply chain and logistics solutions provider registered 17 percent growth in the standalone revenue and a 30 percent growth in net margins in the second quarter.

Keeping in view of the overall performance, TCI Board of Directors has decided to pay interim dividend to shareholders at 30 percent (i.e. Re 0.60) per share.

Commenting on the results, Vineet Agarwal, managing director, TCI said, “This quarter performance witnessed good growth despite the various hurdles in GST implementation across the value chain. We attribute this to the company’s continuous focus on high margin businesses and multi-modal solutions by harnessing synergistic benefits from rail, road & sea and providing specialized integrated supply chain solutions." He further added, “It has been three months since GST implementation and it has been well embraced by some of industry verticals, while few others organized, unorganized and SME sectors have got slow start here which is witnessed in economic activities in this quarter.

We looked at GST readiness as an opportunity to stand out from rest of the industry as in supporting customer and suppliers. We expect second half of the year to be better given the trend of higher business volume towards the financial year closing for most manufacturers. Some shift from unorganized players to companies like us and companies changing their supply chain network due to GST is also expected.”