Transport Corp. of India Ltd. Reports Unaudited Standalone Earnings Results for the Second Quarter and First Half Year Ended September 30, 2013
January 07, 2014 at 01:07 pm
Share
Transport Corp. of India Ltd. reported unaudited standalone earnings results for the second quarter and first half year ended September 30, 2013. For the quarter, the company reported net sales/income from operations of INR 4,993.2 million against INR 4,701.8 million for the same period in the last year. Total income from operations (net) was INR 4,993.9 million against INR 4,701.8 million for the same period in the last year. Profit from operations before other income, finance costs and exceptional items was INR 223.2 million against INR 244.4 million for the same period in the last year. Profit from ordinary activities before tax was INR 151.2 million against INR 168.5 million for the same period in the last year. Net profit from ordinary activities after tax was INR 130.9 million against INR 131.5 million for the same period in the last year. Earnings per diluted share (not annualized) were INR 1.79 against INR 1.80 for the same period in the last year.
For the first half year, the company reported net sales/income from operations of INR 9,770.1 million against INR 9,275.7 million for the same period in the last year. Total income from operations (net) was INR 9,771.1 million against INR 9,277.9 million for the same period in the last year. Profit from operations before other income, finance costs and exceptional items was INR 456.1 million against INR 516.2 million for the same period in the last year. Profit from ordinary activities before tax was INR 348.8 million against INR 370.1 million for the same period in the last year. Net profit from ordinary activities after tax was INR 271.0 million against INR 267.3 million for the same period in the last year. Earnings per diluted share (not annualized) were INR 3.70 against INR 3.66 for the same period in the last year.
Transport Corporation of India Limited (TCI) is an India-based provider of integrated multimodal logistics and supply chain solutions. The Company operates through four segments: Freight Division, Supply Chain Solutions Division, Seaways Division and Energy Division. The Company also offers multimodal transportation solutions. The Company operates through three business divisions: TCI Freight, TCI Supply Chain Solutions and TCI Seaways. TCI Freight division is a surface transport solutions provider. TCI Supply Chain Solutions division is a single-window enabler of logistics and supply chain solutions. TCI Seaways division deals with multimodal coastal players, connecting its western, eastern, and southern ports. The Company's subsidiaries include TCI-CONCOR Multimodal Solutions Pvt. Ltd., TCI Cold Chain Solutions Ltd., TCI Holdings Asia Pacific Pte. Ltd., TCI Bangladesh Ltd., TCI Holdings SA & E Pte. Ltd., among others.