Transport Corporation of India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 30, 2023 at 05:14 am EDT
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Transport Corporation of India Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 9,935 million compared to INR 9,331 million a year ago. Revenue was INR 10,048 million compared to INR 9,395 million a year ago. Net income was INR 870 million compared to INR 723 million a year ago. Basic earnings per share from continuing operations was INR 11.21 compared to INR 9.34 a year ago. Diluted earnings per share from continuing operations was INR 11.17 compared to INR 9.31 a year ago.
For the six months, sales was INR 19,433 million compared to INR 18,365 million a year ago. Revenue was INR 19,631 million compared to INR 18,477 million a year ago. Net income was INR 1,693 million compared to INR 1,501 million a year ago. Basic earnings per share from continuing operations was INR 21.82 compared to INR 19.39 a year ago. Diluted earnings per share from continuing operations was INR 21.74 compared to INR 19.32 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.