Transport Corporation of India (TCI) is one of the largest multimodal logistics providers in the country. The company’s December quarter earnings grew at 25 percent over last year.
The growth on the overall topline was driven by supply chain business which was primarily aided by a sharp recovery in automobile volumes. Overall demand drivers for 2021 appear to be fairly encouraging due to multiple factors including higher government spending and pickup in infrastructure, manufacturing and construction activities, as well as the rollout of the COVID vaccine.
In the special segment “Moneycontrol Pro Ideas For Profit”, moneycontrol.com’s Sachin Pal gets details on how the company is expected to perform going forward.
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