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Transport Corporation of India Ltd. Announces Strong Q2/FY2025 Financial Results

India, Ahmedabad 26 October 2024 – Transport Corporation of India Ltd. (TCI), India’s leading integrated supply chain and logistics solutions provider, today announced its financial results for the first quarter ended September 30, 2024.

Financial Highlights for Q2/FY2025:

  • Revenue: TCI reported a consolidated revenue of ₹ 11314 Mn., marking a growth of 12.6% compared to ₹ 10048 Mn. in the same period last year.
  • EBITDA: The Company’s Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹ 1519 Mn., a 15.2% increase from ₹ 1319 Mn. in Q2/FY2024.
  • Profit after Tax (PAT): PAT rose by 22.2% to ₹ 1073 Mn., compared to ₹ 878 Mn. in the corresponding quarter of the previous year.

Consolidated

Performance Highlights: Q2/FY2025 vs.

Q2/FY2024 Consolidated (In ₹ Mn.)

Performance Highlights: 6M/FY2025 vs.

6M/FY2024 Consolidated (In ₹ Mn.)

Particulars 30.09.2024 30.09.2023 Growth % Particulars 30.09.2024 30.09.2023 Growth %
Revenue 11314 10048 12.6% Revenue 21874 19631 11.4%
EBIDTA 1519 1319 15.2% EBIDTA 2877 2586 11.3%
PAT 1073 878 22.2% PAT 1989 1710 16.3%

Standalone

 Performance Highlights: Q2/FY2025 vs. Q2/FY2024 Standalone (In ₹ Mn.) Performance Highlights: 6M/FY2025 vs.

6M/FY2024 Standalone (In ₹ Mn.)

Particulars 30.09.2024 30.09.2023 Growth % Particulars 30.09.2024 30.09.2023 Growth %
Revenue 10120 9114 11.0% Revenue 19959 17984 11.0%
EBIDTA 1228 1080 13.7% EBIDTA 2675 2319 15.4%
PAT 825 664 24.2% PAT 1872 1492 25.5%

 Management Commentary:

Summarizing the quarterly performance, Mr. Vineet Agarwal , MD – TCI said “The company has displayed resilient growth in Q2FY25 despite stalling economic conditions due to heavy monsoons, uncertainties of global geopolitical developments and slower private consumption.

We have seen growth across all lines of businesses, especially inwarehousing and3PL green multimodal solutions,coming fromsectors like Industrials, electrical equipment, chemicals, quick commerce& consumer electronics etc. Our diversified offerings of cold chain & chemical logistics along with other emerging vertical solutions have shownpositive traction by efficiently tapping into available opportunities.

The “Committed” badge of Sustainability awarded by EcoVadis in Aug’24 affirmsthat our efforts have now movedfromcommitment to measurable output at par with global sustainability standards. Our continuous efforts towards road safety through TCI Safe Safar, have yet again been recognizedat the 6th Road Safety Award by FICCI in collaboration with the Hon’ble Government of India.

With the increased public infrastructure spends renewing the thrust on rail, waterways & multimodal-cargo-park projectsclubbed with recovering private consumption, we remain optimistic ongrowth in the coming quarters. By investing in technology, automation, and enhancing our rail & coastal multimodal service offerings to expand our network, we are continuously strengthening our capabilities to remain as the leaders in logistics.

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