Standalone revenue from operations of the company stood at Rs737cr, growth of 20.3% yoy and 18.6% sequential. EBITDA at Rs104cr compared to Rs66cr in Q2FY21. EBITDA margin at 14.1% compared to 10.6% in Q2FY21.
The company said, it delivered a standalone Profit After Tax (PAT) of Rs68cr compared to Rs32cr in Q2FY21 and grew by 113%. PAT Margin at 9.2% compared to 5.1% in Q2FY21.
During the first half of FY22, the company reported consolidated revenue from operations of Rs1521cr, a growth of 38% yoy. EBITDA of Rs198cr compared to Rs107cr in H1FY21. EBITDA margin at 13% compared to 9.6% in H1FY21.
The consolidated PAT for H1FY22 stood at Rs124cr compared to Rs42cr in H1FY21 and grew by 95%. PAT Margin at 8.1% compared to 3.8% in H1FY21.
The company’s board on Thursday also announced Interim Dividend of Rs2 per share and payout of 100% on the face value.
At around 11.16 am, Transport Corporation of India Ltd was trading at Rs625 per piece down by Rs12.55 or 1.97% from its previous closing of Rs637.55 per piece on the BSE.
“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. We see an upward swing for 3PL and warehousing services as customers push for efficiencies and integrated single- window solutions across the value chain,” Vineet Agarwal, Managing Director, TCI stated.
“The new initiatives and reforms taken by the Government will help the economy and the logistics industry in future. The Gati Shakti master plan will enable multimodal connectivity, provide greater visibility and fasttrack implementation of logistics infrastructure projects reinforcing our strategy to be an integrated multimodal logistics service provider. Moving ahead, as corporate investment cycle kick starts, government investments increase and higher consumption growth; TCI will be able to leverage its network to its advantage,” Agarwal added.