TCI registers 27% increase in PAT

Transport Corporation of India Ltd (TCI), India?s leading integrated supply chain and logistics solutions provider, on Thursday announced its financial results for the Quarter ended December 31, 2010, where its Profit After Tax (PAT) rose by 27%.

The company?s total revenue for Q3 registered a growth of 16.71????????% rising to Rs. 445 Crores from Rs. 381 Crores in the same period last year.

EBITDA margin during Q3 increased from Rs 2765 lacs to Rs 3404 lacs over corresponding quarter last year. Also the PBT (after exceptional Items) rose by 11.32% i.e. to Rs.18.51 Crores from Rs. 16.63 Crores in the same period last year.

The company?s total revenue for the nine months ending December 31, 2010, rose by 21.78% to Rs. 1281.29 Cr. from Rs. 1052.17 Cr. in the same period last year.

The company?s PAT rose by ?26.67% to Rs. 38.57 Cr. from Rs. 30.45 Cr. in the same period last year.

Commenting on the company?s performance, D P Agarwal, Vice Chairman and Managing Director, TCI said, ?We are anticipating a 10-15% increase in revenues and about 20-30% increase in our profit margins for the current full financial year.

?We also intend to grow at least at 20% compounded annual growth rate for the next couple of years, focussing more on value added product offerings.?

Keeping in view the overall performance, the Board of Directors has decided to make payment of Interim Dividend to the Shareholders @20% whose entitlement shall be decided on the basis of Record Date to be fixed in consultation with Stock Exchange.