Supply chain and logistics solutions provider Transport Corporation of India (TCI) posted revenue of INR 1,658 crore from operations, signifying a growth of 23% YoY during H1FY23.
Focus on core business fundamentals coupled with rising demand in the automobile and consumption sectors enabled all business segments to deliver satisfactory results despite inflationary pressure, noted Vineet Agarwal, Managing Director TCI.
He said, 'The launch of the National Logistics Policy along with the earlier announced PM Gati Shakti framework would be instrumental for a push towards seamless multimodal transportation and modern connectivity, increased digitisation and standardisation to make our country’s logistics efficient and competitive. TCI continues to invest strongly in all these themes for strong growth over the years.'
TCI's EBITDA stands at INR 214 crore in H1 this fiscal compared to INR 186 crore in H1FY22, and its PAT stood at INR 134 crore compared to INR 117 cores in H1FY22.