Transport Corporation of India Ltd has reported a net profit of ₹21 crore for the quarter ended March 31, up 4.8 per cent against the same period previous fiscal. The firm registered earnings of ₹565 crore, up five per cent from the corresponding period last fiscal.

For the year ended March 2014, it has reported a profit after tax of ₹75.95 crore, reflecting a 22.5 per cent growth against last fiscal. The company has registered revenues of ₹2,209.13 crore during the period, up 8.7 per cent.

Commenting on the results, Vineet Agarwal, Managing Director, TCI, said: “Our aggressive growth plans and our sustained focus on divisions like express, supply chain and seaways have helped us in achieving growth this fiscal.”

He further added that: “With the changing trends in the economy due to the advent of e-commerce and adoption of omni channel strategies by all companies, TCI too has aligned its services and teams to cater to the surge in demand of such services. TCI manages fulfilment centres and last mile deliveries for the e-commerce industry with state-of-the-art infrastructure and ability to handle 100,000 unique orders per day.

Besides, commissioning of a new ship, “TCI Arjun”, of 10600 DWT container vessel on the west coast of India has enhanced its position in multi-modal logistics. Keeping in view the overall performance of the Group, the Board of Directors has recommended payment of final dividend at 45 per cent, subject to approval by the shareholders in the ensuing annual general meeting, said the release.

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