Transport Corporation of India Ltd., India’s largest integrated supply chain and logistics solutions provider, today released its consolidated financial results for the fiscal year ended March 31, 2022. The company’s total revenue for the year increased by 18.5 percent over the previous year, while profit increased by 98 percent.
Standalone FY2022 vs. FY2021 Performance Highlights Revenue from activities of Rs. 2905 crores, up 18.5 percent year over year EBITDA of Rs. 421 crores in FY2021 compared to Rs. 283 crores the previous year In FY2021, the EBITDA margin was 14.4 percent, up from 11.4 percent in FY2020. PAT of Rs. 267 crores, up from Rs. 135 crores in FY2021, representing a 98 percent increase.
PAT Margin of 9.1% in FY2021 vs. 5.4 percent in FY2020 Consolidated FY2022 vs. FY2021 Performance Highlights Revenue from activities of Rs. 3257 crores, up 16.2 percent year over year EBITDA of Rs. 456 crores in FY2021 over Rs. 307 crores the previous year EBITDA margin increased to 13.9 percent from 10.8 percent in FY2021. PAT of Rs. 293 crores, up from Rs. 150 crores in FY2021, representing a 94.7 percent increase. PAT margin is 8.9%, up from 5.3 percent last year.
Mr. Vineet Agarwal, TCI’s Managing Director, commented on the performance, saying, Despite the impact of the second wave of covid, industry-wide supply chain disruptions, the fourth quarter and overall FY 2021-22 have been positive in terms of top-line and, most crucially, profitability.
As all service verticals continue to develop, revenue and margins are at an all-time high. This is largely due to TCI’s commitment to essential business principles such as a high level of client focus. The focus areas of multimodal rail and coastal shipping remain, and the Seaways segment has performed exceptionally well, with better market container rates.
TCI continues to invest in multimodal business since it has a direct impact on reducing GHG emissions and achieving good ESG compliance for all of our customers our increased focus on growing industries and creative client solutions has also boosted our numbers. Customers’ desire for contract logistics and technology-driven value-added services, together with the government’s ambition for Gati Shakti, bode well for the company in the next years.
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