It expects the new value-added services to contribute to a quarter of the overall topline by 2025.
Buy / Sell TCI Express share
Recommended ArticlesView All
Here’s why 2022 has been a very different year for two of India’s biggest AC makers
IST5 Min(s) Read
TCI Express Ltd., the market leader in express logistics, managed to maintain margins despite a high operating cost environment.
The company said that revenue from operations during the quarter stood at Rs 310 crore, up 13.3 percent year-on-year, and was the highest in a quarter. Revenue growth was primarily driven by demand from both corporate and SME customers, higher volume across services, and better internal operational efficiencies.
Operating profit or EBITDA grew 14 percent y-o-y to Rs 51.5 crore compared to Rs 45.3 crore in the year-ago quarter. EBITDA margin remained unchanged from last year at 16.6 percent
The company’s net profit rose 11 percent year-on-year to Rs 37.8 crore as against Rs 34 crore in the year-ago quarter.
The company managed to maintain margins due to the automation of sorting centers, increasing the daily capacity by reducing parcel handling time, vehicle halting time, and labor involvement, thereby improving the overall operational efficiency.