Invest
Transportation-Logistics company TCI Express announced Q1FY24 results:
- Revenue from operations of Rs 305 crore, 5.0% of YoY growth
- EBITDA of Rs 48 crore compared to Rs 45 crore, 7.0% of YoY growth
- EBITDA margin at 15.6% compared to 15.3%
- PAT of Rs 32 crore compared to Rs 31 crore
- PAT Margin stable at 10.6%
Commenting on the performance, Chander Agarwal, Managing Director of TCI EXPRESS, said: “Despite the challenges posed by the current macroeconomic environment, TCI Express is off to a strong start in FY24. Our focus on seizing business opportunities, especially with our valued MSME customers, has been instrumental in driving this success. Even in the face of inflation, TCI Express has successfully outperformed peers and achieved strong margins, highlighting our efficient operational strategies and adaptability to changing market conditions. This reinforces our position as a reliable and successful player in the logistics industry.”
"As companies escalate their production activities, the demand for logistics services is expected to surge, presenting substantial growth prospects for the logistics industry. We are well prepared to capitalise on these opportunities by providing efficient supply chain management and transportation services to meet the rising demands of businesses,” said Mr. Agarwal.
“This move is strategically important as it will lead to a reduction in operational downtime, more streamlined processes, and increased overall efficiency,” Mr. Agarwal added.
“In conclusion, TCIEXPRESS remains committed to driving growth, leveraging emerging opportunities, and providing exceptional logistics services to our valued customers. We are confident that our relentless dedication and innovative approach will continue to propel us forward in the dynamic logistics landscape,” Mr. Agarwal added.
FAQ’s on TCI Express Ltd Shares
