TCI PAT Grows 26.3% to Rs 1052 Mn in Q1 FY25
TCI's PAT rose by 26.3% to ₹1052 million in Q1 FY25, with growth across various segments and investments in sustainability and new multimodal vessels.
by Damodharan N
Updated Aug 01, 2024
Table of Content
Transport Corporation of India (TCI), a leader in integrated supply chain and logistics solutions, has reported a strong financial performance for the first quarter of FY2025. The company's Profit After Tax (PAT) surged by 26.3%, reaching ₹1052 million, up from ₹833 million in the same period last year.
Mr. Vineet Agarwal, Managing Director of TCI, commented, “We have delivered a robust performance in the first quarter of FY2025. All our product segments serving various industry verticals have grown, especially coastal shipping, rail multimodal solutions, 3PL/warehousing, and cold chain logistics. Our focus remains on providing value-added and technologically advanced customized offerings to our customers.”
In line with its focus on sustainability, TCI is investing in modernizing its fleet with BS VI vehicles and exploring alternative fuels like Electric, CNG, and LNG to reduce greenhouse gas emissions. The recent union budget supports growth in the logistics sector through the National Logistics Policy, and TCI is capitalizing on this by enhancing its infrastructure with new warehouses and leveraging big data to improve logistics efficiency.
Additionally, TCI has placed orders for two new 7300 MT dead weight capacity cellular container vessels at a contract price of USD 38.80 million. These vessels are expected to be delivered by the end of 2026, further strengthening TCI's multimodal capabilities.
Source: Here
TCI Q1FY25 Results
Transport Corporation of India Ltd. (TCI), a leading player in integrated supply chain and logistics solutions, has announced its financial results for the first quarter of FY2025, ending June 30, 2024.
Financial Highlights for Q1/FY2025:
- Revenue: TCI reported a standalone revenue of ₹9,844 million, reflecting a 10.9% growth compared to ₹8,875 million in the same quarter last year.
- EBITDA: The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹1,452 million, up 16.7% from ₹1,244 million in Q1/FY2024.
- Profit After Tax (PAT): PAT rose by 26.3% to ₹1,052 million, compared to ₹833 million in the corresponding quarter of the previous year.
TCI's strong financial performance in Q1FY25 highlights its successful operational strategies and growth across key business segments. The company continues to focus on enhancing its service offerings and expanding its capabilities to meet the evolving demands of the logistics industry.
TCI
TCI is a leading integrated supply chain and logistics provider in India with revenues exceeding ₹7,000 crore. With over 60 years of expertise, TCI operates a vast network of company-owned offices, more than 15 million sq. ft. of warehousing space, and a skilled workforce.
The group's diverse services include surface transport through TCI Freight, coastal cargo shipping via TCI Seaways, and comprehensive supply chain management by TCI Supply Chain Solutions. TCI Cold Chain Solutions handles temperature-controlled logistics, while TCI CONCOR Multimodal Solutions offers rail-based integrated services.
Additionally, Transystem provides specialized logistics for Japanese automotive sectors, TCI Express focuses on express distribution, TCI Developers builds modern logistics infrastructure, and TCI Foundation supports social causes.
TCI PAT Grows 26.3% to Rs 1052 Mn in Q1 FY25 - FAQs
1. What was TCI's revenue for Q1 FY25?
TCI’s revenue for Q1 FY25 was ₹9,844 million.
2. How much did TCI's revenue grow in Q1 FY25 compared to the previous year?
TCI’s revenue grew by 10.9% compared to the same quarter last year.
3. What is EBITDA?
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization.
4. What was TCI’s EBITDA for Q1 FY25?
TCI’s EBITDA for Q1 FY25 was ₹1,452 million.
5. How much did TCI's EBITDA increase in Q1 FY25?
TCI’s EBITDA increased by 16.7% compared to Q1 FY24.
6. What was TCI’s Profit After Tax (PAT) for Q1 FY25?
TCI’s PAT for Q1 FY25 was ₹1,052 million.
7. What percentage did PAT grow in Q1 FY25?
PAT grew by 26.3% in Q1 FY25.
8. Who is the Managing Director of TCI?
Mr. Vineet Agarwal is the Managing Director of TCI.
9. What investments is TCI making to support sustainability?
TCI is investing in modernizing its fleet with BS VI vehicles and exploring alternative fuels like Electric, CNG, and LNG.
10. What are the new multimodal assets TCI is investing in?
TCI is investing in two new 7300 MT dead weight capacity cellular container vessels, expected to be delivered by the end of 2026.