TCI Q3 results: Net profit rises 27% to Rs 102 crore on strong 3PL demand

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TCI Q3 results: Net profit rises 27% to Rs 102 crore on strong 3PL demand - Business Standard

Quick Summary:

Multimodal logistics firm Travel Corporation of India (TCI) on Monday reported a 27.3 per cent year-on-year increase in consolidated Profit After Tax (PAT) to Rs 102 crore for the three months ended December 2024, driven by strong demand for warehousing, temperature-controlled logistics, and green multimodal solutions in Third-party Logistics (3PL).

The topline during the quarter under review, TCI said, grew 14.1 per cent at Rs 1,153.90 crore from Rs 1,011.50 crore clocked in the December quarter of FY24.

The company had recorded a PAT of Rs 80.20 crore in the October-December period of the previous fiscal.