Stock Report

Transport Corporation of India Ltd Q1FY22 consolidated PAT at Rs. 46.87 crore



Posted On : 2021-08-03 21:07:56( TIMEZONE : IST )

Transport Corporation of India Ltd Q1FY22 consolidated PAT at Rs. 46.87 crore

Transport Corporation of India Ltd has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.700.21 crores during the period ended June 30, 2021 as compared to Rs.903.97 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.46.87 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.64.61 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.6.08 for the period ended June 30, 2021 as compared to Rs.8.38 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 700.21 crs₹ 903.97 crsDown Tick -22.54%
Net Profit₹ 46.87 crs₹ 64.61 crsDown Tick -27.46%
EPS₹ 6.08₹ 8.38Down Tick -27.45%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.700.21 crores during the period ended June 30, 2021 as compared to Rs.408.76 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.46.87 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.4.08 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.6.08 for the period ended June 30, 2021 as compared to Rs.0.53 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 700.21 crs₹ 408.76 crsUp Tick 71.3%
Net Profit₹ 46.87 crs₹ 4.08 crsUp Tick 1048.77%
EPS₹ 6.08₹ 0.53Up Tick 1047.17%

Commenting on the results, Mr. Vineet Agarwal, Managing Director, TCI, stated, "The momentum of economic recovery has been slow due to demand-side issues due to micro area lockdowns however volume growth is visible across all sectors.

Overall the start to the current financial year has been better than Q1 of FY-21. It proves that we have geared our business to focus on the right sectors. TCI has delivered on its commitments through its extensive integrated multimodal network, partnering with the customers in their business. Our new communication theme, "Everything Logistics," represents the customized solutions TCI is able to offer to its customers across the value chain.

TCI has undertaken a vaccination drive at its offices pan-India covering all employees, drivers and contract workers. Moving ahead, we will continue focusing on segments like e-commerce, chemical, pharma & crossborder deliveries. TCI will ensure suitable investments to power towards growth and digital transformation whilst sustaining profitability and delivering value to its stakeholders."

Shares of Transport Corporation of India Ltd was last trading in BSE at Rs. 440.65 as compared to the previous close of Rs. 424.15. The total number of shares traded during the day was 11884 in over 1253 trades.

The stock hit an intraday high of Rs. 449.45 and intraday low of 425.7. The net turnover during the day was Rs. 5234181.

Source : Equity Bulls

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