Sun. May 26th, 2024

Gurugram, India,23rd May 2023: India’s leading integrated supply chain and logistics solutions provider, Transport Corporation of India Ltd., announced its financial results today for the 4th Quarter and year ending 31st March 2023.

Standalone

Performance Highlights: FY2023 vs. FY2022

▪ Revenue from operations of Rs. 3492 Crores, growth of 18.96% y-o-y

▪ EBITDA of Rs. 468 Crores compared to Rs. 422 Crores in FY2022

▪ PAT of Rs. 304 Crores compared to Rs. 267 Crores in FY2022 and grew by 13.49% Consolidated

Performance Highlights: FY2023 vs. FY2022

▪ Revenue from operations of Rs. 3812 Crores, growth of 16.36% y-o-y

▪ EBITDA of Rs. 495 Crores compared to Rs. 456 Crores in FY2022

▪ PAT of Rs. 321 Crores compared to Rs. 293 Crores in FY2022 and grew by 9.48%

Q4 & FY’23 Results Comments

Commenting on the results, Mr. Vineet Agarwal, Managing Director TCI Group said, in Q4 & FY’23, we have forged ahead with decent momentum across all service segments. The uptrend in the mobility sector, continued government and private capex and steady consumption trends have helped all our businesses.

Team TCI continues to achieve value for our customers through a solutions-based approach in India and the neighboring countries. Our rail and coastal multimodal services witnessed growing demand with GHG emissions savings as a clear goal. The implementation of control towers, ULIP integration and various other digital transformation initiatives have enhanced our service offerings.

Our commitment to sustainability has been further cemented with the recent launch of TCI-IIMB Supply Chain Sustainability Lab in collaboration with IIM Bangalore. The lab aims to assist the corporates & the logistics industry in their net-zero journey.

The coming quarters will be impacted due to multiple domestic and global factors. However, the India story remains stable with continued investments in infrastructure projects. With various FTAs and PLI schemes boosting exports and manufacturing, India will become an important base in the global supply chains and move further up in the LPI index rankings. TCI remains committed to play its role by making necessary investments in ships, trains, containers, and green warehousing.

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