Transport Corporation of India Ltd Q2FY21 consolidated PAT at Rs. 36.60 crore

TRANSPORT CORPORATION OF INDIA LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.703.45 crores during the period ended September 30, 2020 as compared to Rs.408.76 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.36.60 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.4.08 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.4.74 for the period ended September 30, 2020 as compared to Rs.0.53 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 703.45 crs	₹ 408.76 crs	72.09%
Net Profit	₹ 36.60 crs	₹ 4.08 crs	797.06%
EPS	₹ 4.74	₹ 0.53	794.34%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.703.45 crores during the period ended September 30, 2020 as compared to Rs.688.66 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.36.60 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.37.99 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.4.74 for the period ended September 30, 2020 as compared to Rs.4.93 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 703.45 crs	₹ 688.66 crs	2.15%
Net Profit	₹ 36.60 crs	₹ 37.99 crs	-3.66%
EPS	₹ 4.74	₹ 4.93	-3.85%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1112.21 crores during the 6 months period ended September 30, 2020 as compared to Rs.1351.37 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.40.68 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.72.28 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.5.28 for the 6 months period ended September 30, 2020 as compared to Rs.9.40 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 1112.21 crs	₹ 1351.37 crs	-17.7%
Net Profit	₹ 40.68 crs	₹ 72.28 crs	-43.72%
EPS	₹ 5.28	₹9.40	-43.83%

Commenting on the results, Mr. Vineet Agarwal, Managing Director, TO stated, "Despite the continuing impact of Covid19, the Indian economy is witnessing early signs of recovery. There has been a pickup in demand in this quarter primarily due to the festive season. Notwithstanding an admittedly challenging environment, we have delivered a resilient performance owing to our continued customer focus, introduction of new services and cost optimization.

Our investment in multi modal logistics got enhanced by the addition of 02 Automobile Trains under the Indian Railways AFTO scheme to carry completely built automobiles seamlessly. A marked emphasis by the Government on infrastructure augurs well for the company in the future. At TCI, as we continue to add value to our customers we are thankful to all the stakeholders for their continuing trust & support."

Shares of TRANSPORT CORPORATION OF INDIA LTD. was last trading in BSE at Rs.226.2 as compared to the previous close of Rs. 226.35. The total number of shares traded during the day was 875 in over 113 trades.

The stock hit an intraday high of Rs. 229.15 and intraday low of 226. The net turnover during the day was Rs. 199182.

Source : Equity Bulls

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