Q4FY21 Result Update - TCI Express - ICICI Direct

TCI Express (TCIEL) reported a strong performance, posting its highest ever EBITDA margins of 19.4%, backed by higher operating leverage, realisation hike, cost control initiatives and passing on of fuel price hike to most customers. Overall, Q4FY21 witnessed broad based revival across all major industries as reflected in the Q4 E-Way bill (up 28%), which led to strong growth in revenues. Revenues for Q4FY21 grew 18% YoY to Rs. 280 crore, led by 15% growth in volumes to 2.3 lakh tonnes and 2.3% growth in realisation to Rs. 12.2 per kg. The resultant EBITDA grew 2x to Rs. 54 crore, due to 822 bps expansion in the EBITDA margins to 19.4%.

For details, click on the link below: Link to the report

Shares of TCI Express Ltd was last trading in BSE at Rs.1077.35 as compared to the previous close of Rs. 1108.5. The total number of shares traded during the day was 15464 in over 1289 trades.

The stock hit an intraday high of Rs. 1109.45 and intraday low of 1048.35. The net turnover during the day was Rs. 16742480.

Source : Equity Bulls

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