HT Bureau
GUWAHATI, Jan 28: Transport Corporation of India Ltd. (TCI), a leader in integrated supply chain and logistics solutions, has announced robust financial results for the third quarter ending December 31, 2024, said an official statement on Tuesday.
The company reported a consolidated revenue of ₹11,539 million, reflecting a 14.1 percent growth compared to ₹10,115 million in the same period last year.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹1,478 million, an increase of 15.8 percent from ₹1,276 million recorded in Q3 FY2024.
Profit After Tax (PAT) showed remarkable growth, rising by 27.3 percent to ₹1,021 million, compared to ₹802 million in the corresponding quarter of the previous year, the statement reported.
Commenting on the results, Vineet Agarwal, managing director of TCI, credited the strong performance to balanced growth across all product lines, innovative logistics solutions, and a steadfast commitment to customer satisfaction.
He highlighted that the company has seen a significant uptick in demand for warehousing and temperature-controlled logistics, alongside green multimodal solutions, particularly from sectors such as FMCG, retail, agriculture, automotive, engineering equipment, and EPR.
Emerging industries like renewables, chemicals, quick commerce, and consumer electronics have also fueled growth by opening new market opportunities, the statement added.
The company’s sustainability initiatives also gained recognition during the quarter.
TCI earned the “ESG Registered” badge from Dun & Bradstreet and was honoured with India’s first ISO14083:2023 certification for its Transport Emission Measurement Tool (TEMT), a sustainability innovation developed in collaboration with the IIM Bangalore Supply Chain Sustainability Lab.
Looking ahead, TCI is optimistic about continued growth, driven by increased infrastructure spending and rural economic activity.
To maintain its momentum, the company is making strategic investments in technology, skilled talent, and specialized logistics assets, including warehousing, automation, rail infrastructure, containers, and ships.
Agarwal reaffirmed TCI’s commitment to expanding its network and delivering tailored, cutting-edge solutions to meet the evolving needs of India’s growing economy.
With its strong financial performance and forward-looking strategies, TCI continues to solidify its position as a key player in the logistics and supply chain sector, poised for sustained success in the coming quarters, the statement concluded.