Transport Corp. of India Ltd. Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2013
January 28, 2014 at 06:38 pm IST
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Transport Corp. of India Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended Dec. 31, 2013. For the quarter, the company reported net sales/income from operations of INR 5,148.8 million against INR 4,920.1 million for the same period in the last year. Profit from operations before other income, finance costs and exceptional items was INR 268.1 million against INR 236.3 million for the same period in the last year. Profit from ordinary activities before tax was INR 192.9 million against INR 157.5 million for the same period in the last year. Net profit from ordinary activities after tax was INR 143.9 million against INR 113.4 million for the same period in the last year. Earnings per diluted share (not annualized) were INR 1.96 against INR 1.55 for the same period in the last year.
For the nine months, the company reported net sales/income from operations of INR 14,918.9 million against INR 14,195.8 million for the same period in the last year. Profit from operations before other income, finance costs and exceptional items was INR 724.2 million against INR 752.5 million for the same period in the last year. Profit from ordinary activities before tax was INR 541.7 million against INR 527.5 million for the same period in the last year. Net profit from ordinary activities after tax was INR 414.9 million against INR 380.8 million for the same period in the last year. Earnings per diluted share (not annualized) were INR 5.67 against INR 5.21 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.