Transport Corporation of India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 15, 2024 at 06:52 am EDT
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Transport Corporation of India Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 10,789 million compared to INR 9,793 million a year ago. Revenue was INR 10,954 million compared to INR 9,914 million a year ago. Net income was INR 1,021 million compared to INR 815 million a year ago. Basic earnings per share from continuing operations was INR 13.15 compared to INR 10.52 a year ago. Diluted earnings per share from continuing operations was INR 13.11 compared to INR 10.48 a year ago.
For the full year, sales was INR 40,242 million compared to INR 37,826 million a year ago. Revenue was INR 40,700 million compared to INR 38,128 million a year ago. Net income was INR 3,508 million compared to INR 3,173 million a year ago. Basic earnings per share from continuing operations was INR 45.18 compared to INR 40.96 a year ago. Diluted earnings per share from continuing operations was INR 45.06 compared to INR 40.83 a year ago.
Transport Corporation of India Limited (TCI) is an India-based provider of integrated multimodal logistics and supply chain solutions. TCI provides a comprehensive suite of services, delivering end-to-end logistics solutions that encompass transportation, warehousing, and distribution. The Company operates through four segments: Freight Division, Supply Chain Solutions Division, Seaways Division and Energy Division. Its Freight Division transports cargo on FTL (Full truck load)/ LTL (Less than truck load)/ Small packages and consignments/ Over Dimensional cargo. Its Supply Chain Solutions Division offers supply chain consultancy, inbound logistics, warehousing/distribution center management and outbound logistics. Its Seaways Division offers multimodal coastal shipping and container cargo movement and transportation services and is equipped with six ships in its fleet and caters to the coastal cargo requirements for transporting containers and bulk cargo.