Transport Corporation of India Ltd.
FY23 Annual Result Announced for Transport Corporation of India Ltd.
Surface Transportation company Transport Corporation of India announced FY23 results:
- Standalone FY23 vs FY22:
- Revenue from operations of Rs 3,492 crore, growth of 18.96% YoY
- EBITDA of Rs 468 crore compared to Rs 422 crore in FY22
- PAT of Rs 304 crore compared to Rs 267 crore in FY22 and grew by 13.49%
- Consolidated FY23 vs FY22:
- Revenue from operations of Rs 3,812 crore, growth of 16.36% YoY
- EBITDA of Rs 495 crore compared to Rs 456 crore in FY22
- PAT of Rs 321 crore compared to Rs 293 crore in FY22 and grew by 9.48%
Commenting on the results, Vineet Agarwal, Managing Director, TCI Group, said, "In Q4 & FY’23, we have forged ahead with decent momentum across all service segments. The uptrend in the mobility sector, continued government and private capex and steady consumption trends have helped all our businesses.
Team TCI continues to achieve value for our customers through a solutions-based approach in India and the neighboring countries. Our rail and coastal multimodal services witnessed growing demand with GHG emissions savings as a clear goal. The implementation of control towers, ULIP integration, and various other digital transformation initiatives have enhanced our service offerings.
Our commitment to sustainability has been further cemented with the recent launch of TCI-IIMB Supply Chain Sustainability Lab in collaboration with IIM Bangalore. The lab aims to assist the corporates & the logistics industry in their net-zero journey.
The coming quarters will be impacted due to multiple domestic and global factors. However, the India story remains stable with continued investments in infrastructure projects. With various FTAs and PLI schemes boosting exports and manufacturing, India will become an important base in the global supply chains and move further up in the LPI index rankings. TCI remains committed to play its role by making necessary investments in ships, trains, containers, and green warehousing."