** Sagar Sandesh print version ceases to be published from December 31, 2017. New look E-paper would be available from Jan. 1, 2018 onwards. free of cost.**

Transport Corp PAT zooms 16.6% to Rs 17.6 cr for Q1FY18

Rs 3,000 crore integrated supply chain company, Transport corporation of India Ltd has reported 16.6%  jump in Profit After Tax(PAT) to Rs 17.6 crore for first quarter  2018(1QFY18) against PAT of Rs 15.11 crore recorded during first quarter 2017(1QFY17), says a release on 2nd August. The total revenue of the company for the current under review soared 15.8% to Rs 497.8 crore as opposed to Rs 429.7 crore total revenue registered during corresponding year ago quarter.

 Commenting on the robust quarterly performance, Mr Vineet Agarwal, Managing Director, said, “The first quarter showed good growth in all service segments like FTL(Full Truck Load), LTL(Less Than Truck Load), large scale warehousing, and multimodal rail and coastal solutions.

“The supportive government policies and infrastructure development is an enabler and we look forward to changes that can help us propel growth further and be a partner to India’s economic development”, he said.  

 He further added, “The July 1st GST roll out is the next big thing after demonetization for Indian Economy. Though it has been a month since the roll out of most awaited GST, volumes are still subdued. As a company we are GST ready to support our customers and suppliers with our network and IT integration in place. GST is a game changer for the logistics industry and the company expects to benefit in the short and medium term”. 

 TCI offers repertoire of logistics services under brand names including TCI Freight, TCI Supply Chain Solutions, TCI Seaways, TCI Express Ltd, TCI Developers Ltd, TCI Foundation, etc.


Copyright © 2017 PORT TO PORT - Shipping Services Portal ( Sagar Sandesh ). All rights reserved.

Follow Us