TCI reports 905% YoY profit after tax growth to 47 crore in Q1 FY22

August 6, 2021: Transport Corporation of India (TCI), announced its financial results for the first quarter ended on June 30, 2021 with 905.72 percent increase in profit after tax (PAT) to ₹47.47 crore compared to ₹4.72 crore for the same quarter last year.

The integrated supply chain and logistics solutions provider recorded 71.30 percent growth in consolidated revenue to ₹700.21 crore in Q1 FY22 from ₹408.76 crore in Q1 2FY21.

Vineet Agarwal, managing director, TCI, said, "The momentum of economic recovery has been slow due to demand-side issues due to micro area lockdowns however volume growth is visible across all sectors.

Overall the start to the current financial year has been better than Q1 of FY21. It proves that we have geared our business to focus on the right sectors. TCI has delivered on its commitments through its extensive integrated multimodal network, partnering with the customers in their business. Our new communication theme, "Everything Logistics," represents the customized solutions TCI is able to offer to its customers across the value chain.

TCI has undertaken a vaccination drive at its offices pan-India covering all employees, drivers and contract workers. Moving ahead, we will continue focusing on segments like e-commerce, chemical, pharma & cross-border deliveries. TCI will ensure suitable investments to power towards growth and digital transformation whilst sustaining profitability and delivering value to its stakeholders.”