Transport Corporation of India Ltd. (TCI), a leading integrated supply chain and logistics solutions provider, announced its financial results for the second quarter ending September 30, 2021. In terms of standalone performance for Q2 FY 2022 as compared to Q2 FY 2021, revenue from operations was Rs 737 crore with growth of 20.3% year-on-year and 18.6% sequential. On the consolidated front, for the period H1 FY 2022 as against H1 FY 2021, revenue from operations was Rs 1,521 crore with growth of 38% year-on-year. Commenting on the results, Vineet Agarwal, Managing Director, TCI, stated: “For the last quarter most of the industry sectors have reported growth resulting in good traction for all our services and solutions. “Customers continued to repose trust in TCI.”
“The demand for our coastal and rail multimodal end-to-end solutions witnessed momentum, enabling customers to save on their carbon footprint. We see an upward swing for 3PL and warehousing services as customers push for efficiencies and integrated single-window solutions across the value chain. The new government initiatives and reforms will help the economy and the logistics industry in future. The ‘Gati Shakti’ master plan will enable multimodal connectivity and provide greater visibility and fast-track implementation of logistics infrastructure projects, thus reinforcing our strategy to be an integrated multimodal logistics service provider. As the corporate investment cycle kick-starts, government investments increase and there is higher consumption growth, TCI will be able to leverage its network to its advantage,” he added.