Transport Corporation of India Ltd Q4FY21 consolidated net profit at Rs. 64.61 crore

TRANSPORT CORPORATION OF INDIA LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.903.97 crores during the period ended March 31, 2021 as compared to Rs.811.68 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.64.61 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.41.84 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.8.38 for the period ended March 31, 2021 as compared to Rs.5.42 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 903.97 crs	₹ 811.68 crs	11.37%
Net Profit	₹ 64.61 crs	₹ 41.84 crs	54.42%
EPS	₹ 8.38	₹ 5.42	54.61%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.903.97 crores during the period ended March 31, 2021 as compared to Rs.674.55 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.64.61 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.36.05 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.8.38 for the period ended March 31, 2021 as compared to Rs.4.68 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 903.97 crs	₹ 674.55 crs	34.01%
Net Profit	₹ 64.61 crs	₹ 36.05 crs	79.22%
EPS	₹ 8.38	₹ 4.68	79.06%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2827.86 crores during the 12 months period ended March 31, 2021 as compared to Rs.2737.96 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.147.13 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.142.36 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.19.07 for the 12 months period ended March 31, 2021 as compared to Rs.18.54 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 2827.86 crs	₹ 2737.96 crs	3.28%
Net Profit	₹ 147.13 crs	₹ 142.36 crs	3.35%
EPS	₹ 19.07	₹18.54	2.86%

Commenting on the results, Mr. Vineet Agarwal, Managing Director, TCI stated, "During the entire past year we have been affected by the pandemic and the slow down continuing from FY 2019. The Indian economy, however, recovered some ground not only due to pent up demand but also the shift seen in consumer preferences in the new normal.

Despite a slow first quarter, we delivered a steady performance. All segments have performed well due to our continuous focus on building strong customer relationships, superior multimodal network, diversified portfolio of value-added services from design to execution. The emerging business units have also shown good traction. Our emphasis on improving operating efficiencies has led to cost optimization and profitability growth.

The pandemic increased opportunities for Cold Supply Chain services resulting in enhanced demand for transportation in reefer vehicles, temperature-controlled warehousing, and many other areas. TCI through its subsidiary TCI Cold Chain Solutions Limited has entered into a joint venture with MITSUI & Co. Limited (MITSUI). MITSUI has global expertise in logistics & supply chain management and we believe that the synergies created by bringing together the respective resources and capabilities will create more value for our customers.

With the country currently experiencing the pandemic on a scale that has never been seen before, TCI has stepped in to deliver mission-critical logistics. Thus far, the TCI have handled over 5000 tonnes of liquid medical oxygen (LMO) from source to destination with total visibility following all safety guidelines. We are also delivering vaccines, medicines, essentials & food grains, oxygen concentrators amongst other items to most needed locations around the country.

We will continue to sustain our position by offering customized, technology-driven supply chain & integrated multimodal logistics solutions thus unlocking the business potential of our customers."

Shares of TRANSPORT CORPORATION OF INDIA LTD. was last trading in BSE at Rs.304.65 as compared to the previous close of Rs. 311.55. The total number of shares traded during the day was 2752 in over 208 trades.

The stock hit an intraday high of Rs. 317.15 and intraday low of 301.1. The net turnover during the day was Rs. 855403.

Source : Equity Bulls

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