TCI aims to sustain 20% growth in EPS this year

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TCI aims to sustain 20% growth in EPS this year

Vineet Aggarwal, ED of TCI, in an interview with CNBC-TV18’s Elaan Dutta, gave his perspective of the fourth quarter performance and their divulged future plans.

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Vineet Aggarwal, ED of TCI , in an interview with CNBC-TV18's Elaan Dutta, gave his perspective of the fourth quarter performance and their divulged future plans.

Below is the verbatim transcript of the interview. Also watch the accompanying video.

Q: Could you share your numbers and the segmental break-up?

A: For the full year, our revenues have gone up form Rs 14,050 crore to Rs 17,057 crore, up about 21%. Our profit after tax has gone up from Rs 43 crore to about Rs 51.32 crore, up about 20% for the full year.

Our maximum growth has come from our supply chain solutions division, which has increased revenues by almost 60%. The express cargo division has shown maximum growth by about 20%.

Q: What about margins for FY11? Going ahead, where do you see margins headed in FY12?

A: Currently, our EBITDA margins are close to 8% which has had a very small increase over the last year. Over the year, we had a diesel price hike and some amount of expenses went up in that area.

However in the coming year, we expect the margin to improve because the mix of our business is changing from the basic freight to supply chain solutions and express cargo. We are hopeful to sustain a 20% growth in EPS this year.

Q: Do you have any capital requirements or capital raising plans for any of your subsidiaries?

A: Not exactly. We don't have any specific requirements. Our capex plan for the current year is about Rs 100 crore which should be adequately funded by both debt and internal accruals.

We should be quite comfortable. Barring the fact that if we have to make any acquisitions, we might go in to raise capital.

Q: Do you any acquisition plans in the anvil?

A: We are not exploring anything right now, but we are on the look out for. In the next year, we should look out for some such plans.