India’s leading integrated supply chain and logistics solutions provider, Transport Corporation of India Ltd., announced its financial results for the 4th Quarter and year ending 31st March, 2023.Standalone; Performance Highlights: FY2023 vs. FY2022 were Revenue from operations of Rs. 3492 Crores, 18.96% y-o-y growth, EBITDA of Rs. 468 Crores, PAT of Rs. 304 Crores, 13.49% growth.
Consolidated; Performance Highlights: FY2023 vs. FY2022 were FY2023 saw a 16.36% growth in revenue from operations, EBITDA of Rs. 495 crores, and PAT of Rs. 321 crores, compared to Rs. 293 crores in FY2022. Team TCI is achieving value for customers through a solutions-based approach in India and neighbouring countries.
Our rail and coastal multimodal services have seen growing demand with GHG emissions savings as a goal. Digital transformation initiatives such as control towers, ULIP integration and other initiatives have improved our service offerings. Commenting on the results, Mr. Vineet Agarwal, Managing Director TCI Group said, ‘The uptrend in the mobility sector, continued government and private capex and steady consumption trends have helped all our businesses’.