Transport Corporation of India Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 10,020 million compared to INR 9,667 million a year ago. Revenue was INR 10,115 million compared to INR 9,737 million a year ago. Net income was INR 794 million compared to INR 857 million a year ago. Basic earnings per share from continuing operations was INR 10.23 compared to INR 11.08 a year ago. Diluted earnings per share from continuing operations was INR 10.19 compared to INR 11.03 a year ago.
For the nine months, sales was INR 29,453 million compared to INR 28,033 million a year ago. Revenue was INR 29,746 million compared to INR 28,128 million a year ago. Net income was INR 2,487 million compared to INR 2,359 million a year ago. Basic earnings per share from continuing operations was INR 32.05 compared to INR 30.45 a year ago. Diluted earnings per share from continuing operations was INR 31.94 compared to INR 30.34 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.
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