TCI Express on Monday reported flat standalone net profit of Rs 32.19 crore for the December quarter. The company had posted standalone net profit of Rs 32.02 crore in the year-ago period. The standalone total income from operations of the company in the third quarter of the ongoing fiscal dropped marginally to Rs 313.83 crore from Rs 315.72 crore in the year-ago period, TCI Express said in a filing to the BSE. "In the face of continued headwinds on account of muted festive demand and long holiday season during the quarter, our commitment to operational excellence, along with a strong customer mix base, and unmatched network and efficiency, has propelled us to maintain stable profitability and margins, outperforming industry peers," the company's Managing Director Chander Agarwal said.
Logistics company TCI Express on Friday posted over 14 per cent fall in its net profit at Rs 35.93 crore during the March 2022 quarter.
The company had posted a standalone PAT of Rs 40 crore in the corresponding quarter of the last financial year
The company is keen on augmenting its marine assets for coastal container cargo as it sees coastal shipping growth to 215 million tonne by 2025 from about 86 million tonne now
Shaming Volkswagen could be pushy TCI's best tactic