Stock Report

Transport Corporation of India Ltd announces Q2, H1 FY19 results



Posted On : 2018-11-03 13:18:26( TIMEZONE : IST )

Transport Corporation of India Ltd announces Q2, H1 FY19 results

India's leading integrated supply chain and logistics solutions provider, Transport Corporation of India Ltd., today announced its financial results for the second quarter/half year ended on 30th September, 2018.

The company's total revenue for the Half Year recorded a growth of - 19% over orresponding quarter last year while the profit after tax recorded a growth of 25%during this period.

Keeping in view of the overall performance, TCI Board of Directors has decided to pay interim dividend to shareholders at 40% (i.e. Re. 0.80 per share).

Commenting on the results, Mr. Vineet Agarwal, Managing Director TCI stated, "We have delivered encouraging results that were in line with our expectations and consolidated our market share across all our divisions. The last quarter was very challenging given the transporter's strike, floods in Kerala and increasing fuel prices however the company has been able to achieve organic growth by simultaneously reducing costs and advancing operational efficiencies.

He further added, "With our increased focus on multimodal logistics, we will continue our momentum and deliver competitive and sustained profitability for the whole fiscal year."

Shares of TRANSPORT CORPORATION OF INDIA LTD. was last trading in BSE at Rs.276.85 as compared to the previous close of Rs. 286. The total number of shares traded during the day was 4712 in over 204 trades.

The stock hit an intraday high of Rs. 291.95 and intraday low of 272.15. The net turnover during the day was Rs. 1328851.

Source : Equity Bulls

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