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Transport Corporation of India: Back on the highway

While the manufacturing sector has bounced back, the revival in construction activities and higher government spending augur well for the logistics player like TCI

March 02, 2021 / 06:22 PM IST
Transport Corporation of India: Back on the highway

Representative image

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Multimodal logistics service provider Transport Corporation of India (TCI) ended the year 2020 on a positive note, with the December quarter earnings rising 25 per cent year on year (YoY). TCI’s strong execution and its focus on technology continue to drive its outperformance relative to expectations. Key result highlights In Q3 FY21, TCI’s sales rose 14 per cent year on year (YoY) to Rs 807 crore. Operating margins benefitted from improved market conditions and cost efficiencies. The earnings before...

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