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Transport Corporation of India (TCI) registered a net profit of Rs 11.83 crore for the quarter ended December 31, 2010, which is almost at the same level of the Rs 11.81 crore net profit for the third quarter of last fiscal. But the company's operating income registered a growth of 16.5 per cent touching Rs 444.38 crore year-on-year.
Mr D.P. Agarwal, Vice-Chairman and Managing Director, TCI, stated in a release, “We are anticipating a 10-15 per cent increase in revenues and about 20-30 per cent increase in our profit margins for the current full financial year. We also intend to grow at least at 20 per cent compounded annual growth rate for the next couple of years, focussing more on value-added product offerings.”
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