TCI's profit after tax increases y-o-y by 58.4% to Rs77 crore

3 Aug 2022 , 08:23 AM

Logistics firm TCI on Tuesday recorded a 58.4% year-on-year improvement in standalone profit after tax at Rs77 crore in the June quarter. In the first quarter of FY22, the company had reported a standalone Profit After Tax (PAT) of Rs48 crore.

According to a statement from TCI, operating revenue for the quarter increased 32.2% to Rs807 crore from the same period last year.
In the April-June quarter, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was Rs115 crore as opposed to Rs82 crore in the same period last year.

PAT increased by 65.9% to Rs79 crore on a consolidated basis in the June quarter, while operating revenue reached Rs903 crore.
PAT was Rs47 crore at the same time last year, according to the business.

According to Vineet Agarwal, managing director of TCI, the impact of rising fuel prices, general inflation, and erratic demand in some sectors were the main concerns.