The Transport Corporation of India (TCI) reported a 20 percent increase in consolidated net profit for the second quarter ended September 30, 2023, at Rs 88 crore.
The revenue from operations increased by 6 percent to Rs 993 crore. Consolidated revenue from activities increased by 6 percent to Rs 1,943 core in the first half of fiscal year 2024. The net profit climbed by 12 percent to Rs 171 crore.
“The company delivered consistent performance for Q2/H2FY24,” says Vineet Agarwal, Managing Director, TCI.
“Key sectors such as automotive, infrastructure, engineering & consumer goods witnessed decent traction. With the festival season underway, the volume of business has seen an increase in line with expectations.”
TCI has reached an agreement with a Japanese shipyard to build two cellular container vessels for a contract price of over Rs 300 crore. The vessels will be delivered in fiscal year 26.
