TCI Reports 10% Rise in Q1 PAT to Rs 91.6 Crore

Logistics company TCI has announced a 10% increase in consolidated profit after tax, reaching Rs 91.6 crore for the quarter ending June 30, 2024. This is an improvement from Rs 83.2 crore in the same period last year. The company's income also rose to Rs 1,056 crore from Rs 958.3 crore.

Logistics leader TCI reported a notable 10 per cent increase in its consolidated profit after tax (PAT), reaching Rs 91.6 crore for the quarter ending June 30, 2024.

The company had recorded a PAT of Rs 83.2 crore in the same period last year, Transport Corporation of India (TCI) stated in a BSE filing.

Income escalated to Rs 1,056 crore from Rs 958.3 crore year-on-year, as per the filing.

Managing Director Vineet Agarwal remarked, ''We've showcased robust performance in the first quarter of FY2025. Growth has been observed across all product segments, with coastal shipping, rail multimodal solutions, 3PL/warehousing, and cold chain logistics leading the charge. Our focus remains on delivering value-added, technologically advanced customized solutions to our clientele.''

The company continues to invest heavily in critical infrastructure, including warehouses and yards, and leveraging big data from e-waybills and FASTag to forecast demand and enhance logistics efficiency.

(With inputs from agencies.)