Income Statement Transport Corporation of India Limited

Equities

TCI

INE688A01022

Ground Freight & Logistics

Market Closed - NSE India S.E. Other stock markets 06:49:35 2025-02-07 am EST			5-day change	1st Jan Change
1,076.85 ^INR	-1.55%		+1.36%	-6.40%

Jan. 30	Transport Corporation of India Limited Receiver Order from Office of the Commissioner of Central Tax GST, Division-2, Bengaluru South Commissionerate	CI
Jan. 27	Transport Corporation of India Limited, Q3 2025 Earnings Call, Jan 27, 2025

3d2252c9794c1d2994d15690301b4c.HeKGk6GdKkYZlgMKeSzFwEKQLZxhTJUvNRJdn8JwFJA.TaOryvfxczYpyTpaKh_0uXKia8ksKN9-f30I5q4ebfRVge2jx-VpPDTkSg

Published financial data: TRANSPORT CORPORATION OF INDIA LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	27.18B	28.02B	32.57B	37.83B	40.24B
Other Revenues, Total	102M	117M	131M	119M	134M
Total Revenues	27.28B	28.14B	32.7B	37.94B	40.38B
Cost of Goods Sold, Total	23.92B	24.63B	27.72B	32.63B	35.04B
Gross Profit	3.36B	3.52B	4.98B	5.32B	5.34B
Selling General & Admin Expenses, Total	173M	144M	145M	173M	234M
Provision for Bad Debts	52.92M	73.62M	43.14M	64.19M	23.3M
Depreciation & Amortization - (IS)	825M	928M	1.13B	1.21B	1.28B
Other Operating Expenses	576M	512M	534M	673M	816M
Other Operating Expenses, Total	1.63B	1.66B	1.85B	2.12B	2.36B
Operating Income	1.73B	1.86B	3.12B	3.19B	2.98B
Interest Expense, Total	-329M	-252M	-96.44M	-85.36M	-118M
Interest And Investment Income	20.74M	62.42M	18.75M	105M	262M
Net Interest Expenses	-308M	-189M	-77.69M	19.94M	144M
Income (Loss) On Equity Invest.	252M	201M	277M	444M	759M
Currency Exchange Gains (Loss)	1.6M	-3.28M	-	3.18M	-
Other Non Operating Income (Expenses)	20.54M	-5M	-12.38M	19.14M	20.4M
EBT, Excl. Unusual Items	1.7B	1.86B	3.31B	3.68B	3.91B
Gain (Loss) On Sale Of Investments	-1.28M	2.76M	922K	-	2.52M
Gain (Loss) On Sale Of Assets	-4.8M	12.46M	-5.16M	-3.86M	-2.68M
Asset Writedown	-98.77M	-28.77M	-5.54M	-4.11M	-740K
Other Unusual Items	-	-104M	3.99M	-31.53M	-23.88M
EBT, Incl. Unusual Items	1.59B	1.74B	3.3B	3.64B	3.88B
Income Tax Expense	159M	238M	376M	434M	336M
Earnings From Continuing Operations	1.43B	1.5B	2.93B	3.21B	3.54B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	1.43B	1.5B	2.93B	3.21B	3.54B
Minority Interest	-8.25M	-32.85M	-32.15M	-32.54M	-36.6M
Net Income - (IS)	1.42B	1.47B	2.9B	3.17B	3.51B
Net Income to Common Incl Extra Items	1.42B	1.47B	2.9B	3.17B	3.51B
Net Income to Common Excl. Extra Items	1.42B	1.47B	2.9B	3.17B	3.51B
Per Share Items
Net EPS - Basic	18.54	19.12	37.5	40.96	45.18
Basic EPS - Continuing Operations	18.54	19.12	37.5	40.96	45.18
Basic Weighted Average Shares Outstanding	76.78M	76.94M	77.23M	77.47M	77.64M
Net EPS - Diluted	18.54	19.07	37.34	40.83	45.06
Diluted EPS - Continuing Operations	18.54	19.07	37.34	40.83	45.06
Diluted Weighted Average Shares Outstanding	76.78M	77.14M	77.56M	77.72M	77.86M
Normalized Basic EPS	13.7	14.69	26.37	29.27	30.97
Normalized Diluted EPS	13.7	14.65	26.26	29.17	30.88
Dividend Per Share	2	2.5	6	7	7
Payout Ratio	10.79	6.28	14.14	17.1	15.5
Supplemental Items
EBITDA	2.55B	2.75B	4.16B	4.33B	4.19B
EBITA	1.73B	1.86B	3.13B	3.2B	2.98B
EBIT	1.73B	1.86B	3.12B	3.19B	2.98B
EBITDAR	3.03B	3.23B	4.56B	4.86B	4.8B
Total Revenues (As Reported)	27.38B	28.28B	32.77B	38.13B	40.7B
Effective Tax Rate - (Ratio)	10.01	13.68	11.39	11.93	8.67
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	253M	266M	385M	402M	396M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-93.57M	-27.75M	-8.61M	32.87M	61.14M
Normalized Net Income	1.05B	1.13B	2.04B	2.27B	2.4B
Interest Capitalized	-	10.62M	5.49M	-	-
Interest on Long-Term Debt	3.26M	23.4M	31.09M	31.47M	37.16M
Non-Cash Pension Expense	14.88M	9.64M	17.04M	33.47M	35M
Supplemental Operating Expense Items
Advertising Expense	11.23M	2.32M	1.62M	3.97M	39.13M
Selling and Marketing Expenses	11.23M	2.32M	1.62M	3.97M	39.13M
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	481M	478M	396M	526M	608M
Imputed Operating Lease Interest Expense	284M	279M	164M	382M	401M
Imputed Operating Lease Depreciation	197M	199M	232M	144M	207M
Maintenance & Repair Expenses, Total	258M	244M	299M	404M	421M
Stock-Based Comp., COGS (Total)	42.2M	17.85M	41.63M	50.14M	57.81M
Total Stock-Based Compensation	42.2M	17.85M	41.63M	50.14M	57.81M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	132M	341M	679M	1.7B	831M
Short Term Investments	-	-	147M	882M	3.31B
Total Cash And Short Term Investments	132M	341M	826M	2.58B	4.14B
Accounts Receivable, Total	4.87B	5.98B	6.1B	6.71B	7.21B
Other Receivables	940M	299M	325M	316M	661M
Notes Receivable	225M	124M	12.45M	11.92M	12.43M
Total Receivables	6.04B	6.4B	6.43B	7.04B	7.89B
Inventory	65.82M	71.17M	84.6M	50.03M	105M
Prepaid Expenses	49.43M	25.01M	26.73M	26.39M	34.4M
Other Current Assets, Total	789M	431M	781M	658M	753M
Total Current Assets	7.07B	7.27B	8.15B	10.36B	12.92B
Gross Property Plant And Equipment	11.05B	11.38B	13.21B	13.73B	16.45B
Accumulated Depreciation	-3.12B	-3.31B	-5.16B	-5.58B	-6.77B
Net Property Plant And Equipment	7.93B	8.07B	8.06B	8.14B	9.68B
Long-term Investments	1.38B	1.52B	1.79B	2.02B	2.14B
Goodwill	-	-	-	-	-
Other Intangibles, Total	4.49M	31.09M	30.24M	28.43M	26.27M
Loans Receivable Long-Term	42.57M	140M	-	-	-
Other Long-Term Assets, Total	406M	367M	239M	459M	246M
Total Assets	16.83B	17.39B	18.27B	21.01B	25.01B
Liabilities
Accounts Payable, Total	639M	759M	851M	760M	657M
Accrued Expenses, Total	648M	760M	997M	1.08B	325M
Short-term Borrowings	2.21B	1.26B	186M	60.09M	204M
Current Portion of Long-Term Debt	500M	420M	205M	170M	279M
Current Portion of Leases	3.86M	90.37M	78.23M	58.34M	66.46M
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	68.51M	75.76M	73.1M	101M	852M
Other Current Liabilities	640M	742M	469M	454M	459M
Total Current Liabilities	4.71B	4.1B	2.86B	2.68B	2.84B
Long-Term Debt	1.48B	1.09B	228M	396M	1.02B
Long-Term Leases	30.82M	118M	265M	235M	367M
Unearned Revenue Non Current	19.26M	18.91M	18.56M	18.21M	17.86M
Pension & Other Post Retirement Benefits	-	-	46.27M	56.63M	67.5M
Deferred Tax Liability Non Current	302M	273M	276M	300M	328M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	6.54B	5.6B	3.69B	3.69B	4.64B
Common Stock, Total	154M	154M	155M	155M	155M
Additional Paid In Capital	127M	207M	274M	346M	421M
Retained Earnings	9.69B	11.17B	13.65B	16.3B	19.34B
Comprehensive Income and Other	270M	170M	222M	215M	124M
Total Common Equity	10.24B	11.7B	14.3B	17.02B	20.04B
Minority Interest	56.86M	86.28M	274M	301M	333M
Total Equity	10.3B	11.78B	14.58B	17.32B	20.37B
Total Liabilities And Equity	16.83B	17.39B	18.27B	21.01B	25.01B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	76.83M	77.1M	77.33M	77.56M	77.74M
ECS Total Common Shares Outstanding	76.83M	77.1M	77.33M	77.56M	77.74M
Book Value / Share	133.27	151.71	184.96	219.41	257.75
Tangible Book Value	10.23B	11.67B	14.27B	16.99B	20.01B
Tangible Book Value Per Share	133.21	151.31	184.57	219.04	257.41
Total Debt	4.22B	2.97B	962M	919M	1.94B
Net Debt	4.09B	2.63B	136M	-1.66B	-2.2B
Debt Equivalent of Unfunded Proj. Benefit Obligation	81.65M	88.3M	101M	154M	144M
Debt Equivalent Oper. Leases	3.85B	3.82B	3.17B	4.21B	4.86B
Minority Interest, Total (Incl. Fin. Div)	56.86M	86.28M	274M	301M	333M
Equity Method Investments, Total	1.17B	1.33B	1.51B	1.61B	1.81B
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	65.82M	71.17M	84.6M	50.03M	105M
Inventories - Others	-	-	-	-	-
Land - (BS)	867M	861M	954M	954M	1.23B
Buildings, Total	1.39B	1.59B	1.58B	1.59B	1.6B
Machinery, Total	6.85B	6.19B	7.33B	7.53B	8.94B
Full Time Employees	4.22K	4.38K	3.58K	3.69K	3.9K
Assets on Operating Lease - Gross	258M	258M	258M	258M	-
Assets on Operating Lease - Accumulated Depreciation	-190M	-222M	-225M	-228M	-
Accumulated Allowance for Doubtful Accounts (Supple)	108M	117M	117M	126M	126M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	1.42B	1.47B	2.9B	3.17B	3.51B
Depreciation & Amortization - CF	824M	926M	1.13B	1.21B	1.28B
Amortization of Goodwill and Intangible Assets - (CF)	-	921K	1.5M	1.5M	1.55M
Depreciation & Amortization, Total	824M	927M	1.13B	1.21B	1.28B
Amortization of Deferred Charges, Total - (CF)	1.23M	642K	579K	590K	640K
(Gain) Loss From Sale Of Asset	4.8M	-12.46M	10.7M	7.97M	3.42M
(Gain) Loss on Sale of Investments - (CF)	44K	-2.76M	-922K	33.75M	21.36M
Asset Writedown & Restructuring Costs	98.77M	131M	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-201M	-277M	-444M	-759M
Stock-Based Compensation (CF)	-	17.85M	41.63M	50.14M	57.81M
Provision and Write-off of Bad Debts	-	-	43.14M	64.19M	23.3M
Other Operating Activities, Total	53.9M	535M	-1.6M	236M	-162M
Change In Accounts Receivable	278M	-241M	4.24M	-556M	-408M
Change In Inventories	-12.62M	-5.36M	-13.43M	34.57M	-55.44M
Change In Accounts Payable	-214M	534M	-91.23M	-211M	-103M
Change in Other Net Operating Assets	65.2M	-107M	-62.09M	2.85M	-419M
Cash from Operations	2.52B	3.05B	3.68B	3.61B	2.99B
Capital Expenditure	-1.47B	-1.55B	-760M	-1.56B	-2.43B
Sale of Property, Plant, and Equipment	15.28M	312M	52.89M	30.47M	7.51M
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-14.35M	-17M	-175M	-804M	-2.37B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-160K	3.31M	-2.5M	530K	-510K
Other Investing Activities, Total	22.4M	192M	123M	402M	756M
Cash from Investing	-1.45B	-1.06B	-762M	-1.93B	-4.04B
Short Term Debt Issued, Total	-	-	-	-	144M
Long-Term Debt Issued, Total	479M	17.4M	21.51M	390M	958M
Total Debt Issued	479M	17.4M	21.51M	390M	1.1B
Short Term Debt Repaid, Total	-72.2M	-950M	-1.07B	-126M	-
Long-Term Debt Repaid, Total	-930M	-520M	-1.21B	-345M	-319M
Total Debt Repaid	-1B	-1.47B	-2.28B	-471M	-319M
Issuance of Common Stock	23.65M	40.22M	33.52M	35.37M	35.25M
Common Dividends Paid	-154M	-92.4M	-410M	-543M	-544M
Common & Preferred Stock Dividends Paid	-154M	-92.4M	-410M	-543M	-544M
Other Financing Activities, Total	-391M	-272M	55.93M	-66.44M	-97.38M
Cash from Financing	-1.04B	-1.78B	-2.58B	-655M	176M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	30.94M	209M	338M	1.02B	-869M
Supplemental Items
Cash Interest Paid	343M	269M	105M	66.44M	92.24M
Cash Income Tax Paid (Refund)	458M	-51.87M	494M	186M	389M
Levered Free Cash Flow	90.96M	756M	2.1B	1.2B	-402M
Unlevered Free Cash Flow	297M	914M	2.16B	1.26B	-329M
Change In Net Working Capital	181M	-360M	206M	442M	1.11B
Net Debt Issued / Repaid	-523M	-1.45B	-2.26B	-80.98M	782M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.56	6.78	10.95	10.16	8.1
Return on Total Capital	7.67	7.93	12.89	11.82	9.19
Return On Equity %	14.86	13.63	22.22	20.1	18.81
Return on Common Equity	14.86	13.41	22.28	20.26	18.93
Margin Analysis
Gross Profit Margin %	12.31	12.49	15.22	14.02	13.23
SG&A Margin	0.63	0.51	0.44	0.46	0.58
EBITDA Margin %	9.34	9.78	12.72	11.42	10.38
EBITA Margin %	6.34	6.6	9.56	8.42	7.39
EBIT Margin %	6.34	6.6	9.55	8.42	7.39
Income From Continuing Operations Margin %	5.25	5.34	8.96	8.45	8.78
Net Income Margin %	5.22	5.23	8.86	8.36	8.69
Net Avail. For Common Margin %	5.22	5.23	8.86	8.36	8.69
Normalized Net Income Margin	3.86	4.02	6.23	5.98	5.96
Levered Free Cash Flow Margin	0.33	2.69	6.42	3.18	-1
Unlevered Free Cash Flow Margin	1.09	3.25	6.6	3.32