Registers a revenue growth of 16% with jump in PAT by 75%

Chennai, 01st August, 2017: TCIEXPRESS (NSE: TCIEXP & BSE: 540212), a specialist and leader in time-definite express distribution in India, in its board meeting held today, has announced its financial results for the quarter ended June 30th 2017.

This quarter has shown strong revenue growth with 15.71% against the same quarter of last year. EBIDTA for quarter under review stands at Rs.18.92 crores registering a sterling growth of 55.59% over corresponding quarter of last year. Profit After Tax (PAT) also jumped by 75 % to Rs 12.12 crores for FY Q1 2018 as compared to same quarter of last year.
Highlights of Q1 ended 30th June, 2017
Particulars Q1 FY2017-18 Q1 – FY2016-17 Growth
Net Revenues Rs. 203.64 Cr Rs. 175.99 Cr 15.71%
EBIDTA Rs. 18.92 Cr Rs. 12.16 Cr 55.59%
PAT Rs. 12.12 Cr Rs. 6.95 Cr 74.46%
ROCE 46 %
RONW 28 %
EPS Rs.3.17 (Not annualized)
Commenting on the results, Mr. Chander Agarwal, Managing Director, TCIEXPRESS said, “With our successful planning of being GST ready, and crossing the milestone without any difficulties, we continue to stride on the growth trajectory in this quarter. Business has increased through internal efforts using web based CRM and economy conditions in general. We continue to leverage IT in Operations, Business Generation and Accounting.”
About TCIEXPRESS:

TCIEXPRESS is a specialist and leader in Express distribution in India. Established in 1996, as one of the foremost divisions of its parent company Transport Corporation of India Limited (TCIL), TCIEXPRESS is a leader in door-to-door express logistic player in India that places customer satisfaction above all. Being a young, vibrant yet experienced logistic provider, TCIEXPRESS has honed itself with advanced technology and deep domain-expertise to offer customised solutions for express delivery.

TCIEXPRESS has been growing meticulously with its wide distribution network locally and globally with its current 550 owned centers covering more than 40,000 locations. TCIEXPRESS is well equipped to offer time definite solutions to 670 out of 675 districts in India with its wide spectrum of services comprising surface, domestic and international air, e-commerce, priority and reverse express services. Known in the industry for on-time delivery services, TCIEXPRESS makes it a reality by following well-connected routes for prompt movement of cargo through hub & spoke distribution model.

TCIEXPRESS group entities
TCIL:  TCIL is India’s leading integrated Multimodal and logistics solutions provider. TCIL is currently having three major division, i.e. TCI Freight, TCI Supply Chain Solutions and TCI Seaways.
TCI Developers Ltd: The real estate arm of TCIL undertakes development of large modern Warehouses, Logistics Parks etc.
TCI Foundation: As the group’s social arm, TCIF fulfils corporate social responsibility and runs charitable hospitals and schools for the under-privileged in the rural areas. It has also collaborated with the Bill & Melinda Gates Foundation & National Aids Control Organization to run programs on AIDS interventions and education among the vulnerable trucking community.