Transport Corporation of India Ltd. reported 7.8% revenue and 8.7% profit growth in Q1 FY’24, ending June 30th, 2023. The company aims to achieve net-zero climate goals by deploying zero emission trucks on India’s first zero emission road freight cluster, in collaboration with WRI India and the World Economic Forum. Mr. Vineet Agarwal, MD – TCI said, “The Company has delivered consistent performance despite the industry headwinds of low consumer demand, slow-down inEXIM trade and moderate credit growth”.
Q1 FY2024 vs. Q1 FY2023, Standalone performance highlights: Revenue from operations of Rs. 8,875 Mn, 7.8% y-o-y growth, EBITDA of Rs. 1,244 Mn Q1 FY2024 Standalone performance highlights: Revenue from operations of Rs. 8,875 Mn, 7.8% y-o-y growth, EBITDA of Rs. 1,244 Mn, and PAT of Rs. 833 Mn,compared to Rs. 766 Mn in FY2023 and grew by 8.7%
Q1 FY2024 vs. Q1 FY2023 Consolidated performance highlights: Q1 Revenue of Rs. 9,583 Mn, 5.5% y-o-y growth, EBITDA of Rs. 1,267Mn compared to Rs. 1,191 Mn in FY2023. PAT of Rs. 832 Mn compared to Rs. 786 Mn in FY2023 and grew by 5.9%.
