Friday, December 1, 2023

Transport Corporation of India Ltd. announces Results for Q2/ H1 FY’24 ending 30 th Sep 2023

India’s leading integrated supply chain and logistics solutions provider, Transport Corporation of India Ltd., announced its financial results today for the 2 nd quarter of FY’24 ending 30 th Sep 2023. The company’s total revenue for the quarter recorded a growth of 6.2% over the corresponding quarter last year while the profit recorded a growth of 16.7% during this period.

Commenting on the results, Mr. Vineet Agarwal, MD -TCI said, “The Company delivered consistent performance for Q2 /H1 FY’24. Key sectors such as Automotive, Infrastructure, Engineering & consumer goods witnessed decent traction. With the festival season underway, volume of business has seen an increase in line with expectations.

We are pleased to also share that TCI Group has been recognized as Maritime Excellence Achiever in the ’Shipping – Promoting Multimodal Logistics’ category at the Global Maritime India Summit 2023 held recently.”

TCI entered into a definite agreement with a Japanese shipyard for building two Cellular Container Vessels of approx. 7300 MT DWT each for a contract price of approximately₹ 300 crores. The vessels will be delivered in FY26. The investment in ships and trains is in line with our objective to provide multimodal and green logistics to our customers.

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