TCI reports 27.3% jump in Q3 profit to ₹1,021 Million

Transport Corporation of India Ltd (TCI) posted a consolidated profit after tax of ₹1,021 million in Q3 FY2025, up 27.3% from ₹802 million in the same quarter last year. Revenue grew 14.1% to ₹11,539 million compared to ₹10,115 million. EBITDA increased 15.8% to ₹1,478 million from ₹1,276 million.

For the nine months ended December 31, 2024, consolidated revenue rose 12.3% to ₹33,413 million from ₹29,746 million. Nine-month PAT grew 19.8% to ₹3,010 million versus ₹2,512 million, while EBITDA increased 12.8% to ₹4,355 million from ₹3,862 million.

On a standalone basis, TCI recorded a 24.3% increase in quarterly profit to ₹1,182 million compared to ₹951 million last year. Revenue grew 10.4% to ₹10,422 million from ₹9,440 million, while EBITDA rose 14.7% to ₹1,585 million from ₹1,382 million.

The company's nine-month standalone profit increased 25% to ₹3,054 million from ₹2,443 million. Revenue grew 10.8% to ₹30,381 million versus ₹27,424 million, with EBITDA up 15.1% at ₹4,260 million compared to ₹3,701 million.

"Our performance reflects the strength of our diversified portfolio and market-responsive strategy," said Managing Director Vineet Agarwal. He attributed the growth to increased demand across multiple sectors, particularly in specialized logistics solutions.

Discussing market trends, Agarwal noted, "We are seeing significant traction in temperature-controlled logistics and green multimodal solutions. The FMCG, retail, and agriculture sectors are driving this demand, while our automotive and engineering equipment verticals continue to show growth."

The company's expansion into emerging sectors marks a strategic shift. "Our entry into renewables, chemicals, and quick-commerce reflects our response to evolving market needs," Agarwal explained. "These sectors present opportunities for specialized logistics solutions."

Highlighting TCI's sustainability initiatives, Agarwal said, "The ESG Registered badge from Dun & Bradstreet validates our commitment to sustainable practices. The ISO14083:2023 certification for our Transport Emission Measurement Tool, developed with IIM Bangalore, positions us as a leader in environmental stewardship."

Looking ahead, Agarwal expressed optimism about growth prospects. "The revival in infrastructure spending and rural consumption indicates strong demand potential. We are preparing for this growth by investing in technology and expanding our logistics capabilities."

The company's investment strategy focuses on modernization. "Our investments in automation, rail infrastructure, and shipping assets will enhance our service delivery capabilities," Agarwal stated. "These investments, combined with our focus on talent development, will support our long-term growth objectives."