TCI’s PAT rises by 51.66%
Transport Corporation of India Ltd (TCI) has announced its annual audited financial results for the fiscal 2009-2010. The full year Profit After Tax for the Standalone entity has increased by 51.66% to Rs.42.98 Cr. from Rs. 28.34 Cr. while the Net Sales/Income from Operations during 2009-10 has grown by 11.51% to Rs. 1454.61 Cr. against Rs 1304.42 Cr.
The company’s Profit After Tax for the 4th Quarter ended 31 March, 2010, rose by 12% to Rs. 12.53 Cr. from Rs. 11.19 Cr. The company’s consolidated revenues increased by 12.75% from Rs 1358 Cr to Rs 1531.40 Cr and consolidated PAT was reported at Rs 41.02 Cr.
Commenting on the company’s performance, DP Agarwal, Vice Chairman and Managing Director TCI said, "We have witnessed a significant momentum this fiscal both in revenues and profitability, which can be ascribed to the growth in our XPS and Supply Chain Solutions divisions.
Overall Growth in each of TCI’s division has been promising and overall business and profitability has been in line with our expectations. We aim to sustain the momentum by growing in the range of 15-20% in the next fiscal."