Transport Corporation of India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 02, 2024 at 04:52 am EST
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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 negative revenue of 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. The Company operates through four segments: Freight Division, Supply Chain Solutions Division, Seaways Division and Energy Division. The Company also offers multimodal transportation solutions. The Company operates through three business divisions: TCI Freight, TCI Supply Chain Solutions and TCI Seaways. TCI Freight division is a surface transport solutions provider. TCI Supply Chain Solutions division is a single-window enabler of logistics and supply chain solutions. TCI Seaways division deals with multimodal coastal players, connecting its western, eastern, and southern ports. The Company's subsidiaries include TCI-CONCOR Multimodal Solutions Pvt. Ltd., TCI Cold Chain Solutions Ltd., TCI Holdings Asia Pacific Pte. Ltd., TCI Bangladesh Ltd., TCI Holdings SA & E Pte. Ltd., among others.