Transport Corporation of India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
October 29, 2022 at 06:16 am EDT
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Transport Corporation of India Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 9,320.9 million compared to INR 8,251.4 million a year ago. Revenue was INR 9,394.6 million compared to INR 8,280.6 million a year ago. Net income was INR 723.4 million compared to INR 754.1 million a year ago. Basic earnings per share from continuing operations was INR 9.34 compared to INR 9.77 a year ago. Diluted earnings per share from continuing operations was INR 9.31 compared to INR 9.73 a year ago.
For the six months, sales was INR 18,350 million compared to INR 15,212.7 million a year ago. Revenue was INR 18,476.9 million compared to INR 15,282.7 million a year ago. Net income was INR 1,500.8 million compared to INR 1,222.8 million a year ago. Basic earnings per share from continuing operations was INR 19.39 compared to INR 15.84 a year ago. Diluted earnings per share from continuing operations was INR 19.32 compared to INR 15.78 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.