Multimodal supply chain and logistics solutions provider, Transport Corporation of India Ltd. (TCI), announced its financial results today for the 2nd quarter of the current financial year. As the post-pandemic era brings stability and growth for most sectors of the economy, TCI recorded a 20.3% (y-o-y) increase in operational revenue as its EBIDTA reached INR 104 crores and PAT reached Rs. 68 crores, all in comparison with Q2 FY21.
The last quarter, most of the industry sectors have reported growth resulting in good traction for all our services and solutions. Customers continued to repose trust in TCI. The demand for our coastal and rail multimodal end-to-end solutions witnessed momentum enabling customers to save on their carbon footprint.”~ Vineet Agarwal, MD TCI
Mr Agarwal also appreciated the recently launched Government initiative Gati Shakti Yojna citing improvement in multimodal connectivity, better supply chain visibility and faster implementation of logistics infrastructural projects. He also said they are anticipating higher government investments and increased consumption, bringing to advantage the TCI network.
TCI Group has over 6 decades of expertise, an extensive network of company-owned offices, 12 million sq. ft. of warehousing space and a strong team of trained employees. Its product offerings include surface and sea transport, integrated supply chain solutions, and modern warehousing among others.