TCIEXPRESS posts revenue growth of 22.53% in Q3 FY18
February 1, 2018: TCIEXPRESS’ Q3 and nine months reflect augmented growth revenue with a sustained rise to 22.53 percent and 16.13 percent respectivel
TCIEXPRESS posts revenue growth of 22.53% in Q3 FY18
February 1, 2018: TCIEXPRESS’ Q3 and nine months reflect augmented growth revenue with a sustained rise to 22.53 percent and 16.13 percent respectively against the corresponding Q3 and nine months of previous year.
EBIDTA for Q3 and nine months under review stands at Rs 24.66 crores and Rs 63.72 crores registering a sterling growth of 64.40 percent and 44.03 percent respectively over corresponding Q3 and nine months of the previous year.
Profit After Tax (PAT) also jumped by 78.38 percent and 58.72 percent to Rs 15.43 crores and Rs. 40.60 crores for Q3 and Nine Months respectively as compared to corresponding Q3 and nine months of previous year.
Highlights of Q3 and Nine Month ended 31st December, 2017 | ||||||
Rs. in Crores except as stated otherwise | ||||||
Particulars | Q3 (FY18) | Nine Months FY 2018 | Q3 (FY17) | Nine Months FY 2017 | Q3 Growth | Nine Months Growth |
Net Revenues | 229.61 | 637.22 | 187.39 | 548.74 | 22.53% | 16.13% |
EBIDTA | 24.66 | 63.72 | 14.99 | 44.24 | 64.40 % | 44.03% |
PAT | 15.43 | 40.60 | 8.65 | 25.58 | 78.38 % | 58.72% |
ROCE (Annualized) | 52 % | 44% | 40% | 39% | - | - |
RONW ( Annualized) | 32 % | 28% | 23 % | 22% | - | - |
EPS (Not Annualized) | Rs. 4.30 | Rs. 10.60 | Rs. 2.26 | Rs. 6.68 | - | - |
Chander Agarwal, managing director, TCIEXPRESS lauded the company’s performance.
“The prime focus has been on operational efficiency despite volatility in fuel prices and demand-supply imbalance. Our strategy has been to pursue opportunities nationally enabling us to offer best in class services to our customers. With GST and E-way bill, the logistics sector has become more organized laying the foundation for a conducive business environment – moving forward we are hopeful of creating more values to our shareholders,” he added.
