TCI traverses to greener pastures in Q1FY17

Transport Corporation of India (TCI) had declared its Q1FY17 results on Thursday after market hours. The company’s revenue has increased by 8.29 per cent to Rs 427 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA too has risen by 18.75 per cent to Rs 38 crore in Q1FY17 on a yearly basis. TCI’s EBITDA margin has expanded by 80 basis points to 8.9 per cent in Q1FY17 as compared to same period in previous fiscal. The company’s net profit also has increased by 1.26 per cent to Rs 15.32 crore in Q1FY17 on a yearly basis.

On the segmental revenue front, TCI has earned 50.17 per cent from freight division, 39.58 per cent from supply chain solutions division, 9.21 per cent from seaways division and 0.52 per cent from energy division during Q1FY17.

The share price of TCI has increased by 1.73 per cent on bourses in early trades; and closed at Rs 349.4 on an intraday basis.

TCI is an integrated supply chain and logistics solutions provider. The company operates in six business divisions viz. TCI Global, TCI Freight, TCI Foundation, TCI Seaways, TCI Supply Chain Solutions and TCI XPS.