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Last Updated : Jun 02, 2020 10:54 PM IST | Source: PTI

Transport Corporation of India consolidated net profit dips 25% to Rs 36 crore in March quarter

The firm's total expenses also declined to Rs 638.42 crore during the quarter under review as against Rs 693.82 crore a year ago.

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Integrated supply chain and logistics solutions provider Transport Corporation of India (TCI) on Tuesday reported a 25 per cent dip in consolidated net profit to Rs 36.15 crore for the quarter ended March 31. The company had posted a consolidated net profit from ordinary activities after tax of Rs 48.38 crore in the year-ago period, Transport Corporation of India said in a regulatory filing to the BSE.

Its consolidated total income from operations in the January-March period declined to Rs 674.55 crore from Rs 747.74 crore in the year-ago period, the filing said.

The firm's total expenses also declined to Rs 638.42 crore during the quarter under review as against Rs 693.82 crore a year ago.

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For the full financial year 2019-20, the company reported a marginal dip in its consolidated net profit to Rs 143.19 crore.

It had clocked a consolidated net profit of Rs 145.29 crore in 2018-19.
First Published on Jun 2, 2020 10:52 pm
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