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Transport Corporation of India Ltd. Announces Q3-FY23 Results

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Mumbai, /Gurugram, India, 31st January 2023: India’s leading integrated supply chain and logistics solutions provider, Transport Corporation of India Ltd., announced its financial results today for the third quarter ending 31st December 2022.

Standalone

Performance Highlights: Q3 FY2023 vs. Q3 FY2022

▪ Revenue from operations of Rs. 881 Crores, growth of 16% y-o-y

▪ EBITDA of Rs. 138 Crores compared to Rs. 114 Crores in Q3 FY2022

▪ PAT of Rs. 95 Crores compared to Rs. 78 Crores in Q3 FY2022 and grew by 22.9%

Performance Highlights: 9M FY2023 vs. 9M FY2022

▪ Revenue from operations of Rs. 2539 Crores, growth of 20.5% y-o-y

▪ EBITDA of Rs. 352 Crores compared to Rs. 300 Crores in 9M FY2022

▪ PAT of Rs. 229 Crores compared to Rs. 194 Crores in 9M FY2022 and grew by 18%

Consolidated

Performance Highlights: 9M FY2023 vs. 9M FY2022

▪ Revenue from operations of Rs. 2802 Crores, growth of 18.8% y-o-y

▪ EBITDA of Rs. 368 Crores compared to Rs. 320 Crores in 9M FY2022

▪ PAT of Rs. 238 Crores compared to Rs. 206 Crores in 9M FY2022 and grew by 15.4%

Commenting on the results, Mr. Vineet Agarwal, Managing Director, TCI stated, “In Quarter 3 of the financial year, the company has accomplished consistent performance amidst a stable macro environment. All our business segments have delivered satisfactory results in line with expectations.

While we keep a balanced view on the industrywide challenges around inflation and tightening of credit we are confident of achieving our goals to build an integrated multi-modal logistics solutions organization. At TCI, our value system and our people remain at the core of our customer’s success.

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