TCI Express Ltd Reports Unaudited Standalone Earnings Results for the Third Quarter and nine Months Ended December 31, 2016
January 31, 2017 at 12:33 pm
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TCI Express Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, net sales/income from operation was INR 1,875.803 million against INR 0.007 million a year ago. Profit from operations before other income, finance costs was INR 156.104 million compared with loss of INR 0.004 million a year ago. Profit from ordinary activities before tax was INR 153.994 million against loss of INR 0.004 million a year ago. Net profit from ordinary activities after tax was INR 100.261 million compared with loss of INR 0.004 million a year ago. Diluted earnings per share were INR 2.62. EBITDA was INR 170 million with the growth of 25% over last year.
For the nine months, net sales/income from operation was INR 5,510.516 million against INR 0.020 million a year ago. Profit from operations before other income, finance costs was INR 443.011 million compared with INR 0.001 million a year ago. Profit from ordinary activities before tax was INR 437.430 million against INR 0.001 million a year ago. Net profit from ordinary activities after tax was INR 284.596 million compared with INR 0.001 million a year ago. Diluted earnings per share were INR 7.43. EBITDA was INR 483.0 million.
TCI Express Limited is an India-based company, which is engaged in the carrying express cargo distribution through road, rail, air, and water mode. The Company specializes in offering time definite solutions. Its services include surface express, domestic air express, international air express, e-commerce express, C2C express, rail express, and cold chain express. Its value-added services include safety and security of vehicles through tamper proof locking systems, holiday and late pickup services on demand, key account management, and others. The Company provides end-to-end logistics to the pharmaceuticals industry and order management service to customers. Its e-commerce express provides business-to-business (B2B) on multi model distribution for optimum on time delivery with value added features of cash on delivery. It offers express solutions with over 40000 locations with fully containerized fleet of vehicles. The Company's subsidiary is TCI Express Pte. Ltd.