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