Transport Corporation of India (TCI) on Tuesday reported a 17.48 per cent increase in consolidated net profit to Rs 38.24 crore for the quarter ended on September 30, 2019.
The supply chain and logistics service provider had clocked a net profit of Rs 32.55 crore in the corresponding quarter of the previous fiscal, it said in a regulatory filing to the BSE.
Its total income during the quarter under review rose to Rs 688.66 crore as against Rs 680.48 crore during the year-ago quarter.
Its expenses were also up at Rs 654.39 crore during the quarter as against Rs 646.84 crore in the year-ago quarter.
Commenting on the results, TCI Managing Director Vineet Agarwal said: "The Indian economy has been facing a slowdown due to multiple complex factors leading to sluggish demand with major impact in the automobiles industry. Despite overall economic challenges, we continued to sustain our performance due to continued focus on strengthening our business fundamentals."