Transport Corporation of India Ltd., a leading integrated supply chain and logistics solutions provider in India, has announced its financial results for the fourth quarter and fiscal year ending March 31, 2023.
Highlights of the performance for FY2023 compared to FY2022 include:
- Revenue from operations reaching Rs. 3,492 Crores, demonstrating a significant growth of 18.96% year-on-year.
- EBITDA of Rs. 468 Crores compared to Rs. 422 Crores in FY2022.
- Profit After Tax (PAT) amounting to Rs. 304 Crores, reflecting a growth of 13.49% compared to FY2022.
In terms of consolidated performance, the company achieved the following:
- Revenue from operations of Rs. 3,812 Crores, showing a robust growth of 16.36% year-on-year.
- EBITDA of Rs. 495 Crores compared to Rs. 456 Crores in FY2022.
- Profit After Tax (PAT) amounting to Rs. 321 Crores, reflecting a growth of 9.48% compared to FY2022.
Vineet Agarwal, Managing Director, TCI Group, expressed satisfaction with the performance across all service segments in Q4 and FY2023. He highlighted the positive trends in the mobility sector, continued government and private capital expenditure, and steady consumption patterns that have contributed to the success of their businesses.
TCI continues to deliver value to its customers through a solutions-based approach, with a focus on rail and coastal multimodal services aimed at reducing greenhouse gas emissions. The company’s implementation of control towers, ULIP integration, and other digital transformation initiatives have further enhanced their service offerings.
TCI’s commitment to sustainability is evident in the recent launch of the TCI-IIMB Supply Chain Sustainability Lab in collaboration with IIM Bangalore. The lab aims to support corporates and the logistics industry in their journey towards achieving net-zero emissions.
While the coming quarters may face challenges from various domestic and global factors, the stability of the Indian market remains intact with continued investments in infrastructure projects. With the support of various Free Trade Agreements (FTAs) and Production-Linked Incentive (PLI) schemes, India is poised to become a crucial player in global supply chains and improve its position in the Logistics Performance Index rankings. TCI remains committed to making the necessary investments in ships, trains, containers, and green warehousing to fulfil its role in this growth.