Transport Corporation of India: Set to mirror the improving demand
The latest quarter results highlight the competitive advantages as well as the strategic initiatives that the TCI management has undertaken since the beginning of the pandemic
September 04, 2021 / 10:30 AM IST
Transport Corporation of India | Company reported consolidated profit at Rs 37.3 crore in Q2FY21 against Rs 38.2 crore, revenue rose to Rs 696.89 crore from Rs 684.56 crore YoY. (Image: tcil.com)
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) has delivered a robust performance in the June quarter despite the second Covid wave. The latest quarter results highlight the competitive advantages as well as the strategic initiatives that the management has undertaken since the beginning of the pandemic.
Key result highlights
TCI reported Q1 revenues of Rs 696 crore, an increase of more than 72 per cent year on year (YoY). The massive increase in sales resulted from a favourable base...