Registers a revenue growth of 22.53% with jump in PAT by 78.38% for Q3
The Board has announced 2nd Interim Dividend @ 50%( i.e. Re 1.00 ) per share on face value of Rs. 2/- (per share) for financial year 2017-18
Chennai – 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 Q3 and Nine
EBIDTA for Q3and Nine Months under review stands at Rs.24.66croresand Rs. 63.72croresregistering a sterling growth of 64.40%and 44.03% respectively overcorresponding Q3 and Nine Months of the previous year.
Profit After Months ended December 31, 2017.
The results for this Q3and Nine Months reflect augmented growth revenue with a sustainedrise to 22.53% and 16.13% respectivelyagainst the corresponding Q3and Nine Months of previous year.
Tax (PAT) also jumped by 78.38% and 58.72% to Rs 15.43 crores and Rs. 40.60crores for Q3 and Nine Months respectively as compared to corresponding Q3 and Nine Months of previous year.
|Highlights of Q3 and Nine Month ended 31st December, 2017|
|Rs. in Crores except as stated otherwise|
|Particulars||Q3 (FY18)||Nine Months FY 2018||Q3 (FY17)||Nine Months FY 2017||Q3 Growth||Nine Months Growth|
|ROCE (Annualized)||52 %||44%||40%||39%||–||–|
|RONW (Annualized)||32 %||28%||23 %||22%||–||–|
|EPS(Not Annualized)||Rs. 4.30
|Rs. 10.60||Rs. 2.26
Commenting on the results, Mr. Chander Agarwal, Managing Director, TCIEXPRESS said, “We are happy to share that we have shown very good growth in Q3. In the backdrop of this robust performance, we have registered an increase of 22.53% and 78.38% in topline and bottom-line respectively. The prime focus has been on operational efficiency despite volatility in fuel prices and demand-supply imbalance. Our strategy has been to pursueopportunities nationally enabling us to offerbest in class services to our customers. With GST and E-way bill, the logistics sector has become more organized laying the foundation for a conducive business environment – moving forward we are hopeful of creating more values to our shareholders”
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 customized 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 694 out of 708 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.