Company’s standalone revenue and net margins went up by 19% and 18% respectively
India’s leading integrated supply chain and logistics solutions provider, Transport Corporation of India Ltd., today announced its standalone financial results for the quarter and nine months ended on December 31, 2018.
The company’s total revenue for the first 9 months recorded a growth of 19% over corresponding period last year while the profit after tax recorded a growth of 18% during this period.
Keeping in view of the overall performance, TCI Board of Directors has decided to pay 2nd interim dividend to shareholders at 50% (i.e. Re1.00) per Equity Share for the Financial Year 2018-19. This is in addition to the 1st Interim dividend paid to shareholders at 40% (i.e. Re. 0.80) per Equity Share for the Financial Year 2018-19.
Commenting on the performance, Mr. Vineet Agarwal, Managing Director TCI stated, “The Company has delivered improved results for the nine months of this financial year across all divisions. Even with a sustained higher fuel prices and lower demand in certain sectors, we have been able to keep up with our guidance for the full year. In the last few months, many of our services have shown robust growth which should help keep up our momentum.”