India’s leading integrated supply chain and logistics solutions provider, Transport Corporation of India (TCI) Ltd., today announced its financial results for the first quarter ended 30th June. While TCI’s Y-o-Y standalone revenue growth touched 32.3%, its net profit saw a rise of 58.4%.
Commenting on the result, Mr. Vineet Agarwal, Managing Director TCI stated, the company continued to demonstrate steady performance due to its adherence to core business fundamentals. Impact of high fuel prices, general inflation and volatile demand in certain sectors were key challenges which the company manoeuvred to deliver value to its customers.
He added that the emphasis on providing seamless coastal services and rail logistics via a multimodal network has got further traction with customers off-setting their carbon emissions besides managing their cost.
TCI’s consistent performance as leaders in logistics got reinforced when it bagged two awards under the categories of “Best Warehouse Service Provider” & “Best Cold Chain/Refrigerated Service Provider” in the first National Logistics Excellence Awards announced by the Government ofIndia, Ministry of Commerce & Industry.