TCI Express on Friday reported a 12.55 per cent dip in its net profit at Rs 19.01 crore for the quarter ended March 31, 2020.
The express distribution company had clocked a net profit of Rs 21.74 crore for the quarter ended March 31, 2019, it said in a filing to the BSE.
Its total income declined to Rs 239.11 crore during the quarter under review as against Rs 267.04 crore in the year-ago quarter.
Total expenses also declined to Rs 213.60 crore in March quarter of last fiscal as against Rs 234.22 crore in the year-ago quarter.
Commenting on the performance, TCI Express Managing Director Chander Agarwal said, "I am happy to report an encouraging performance during FY2020 despite a very challenging economic and business environment. Revenue from operations increased marginally to Rs 1,032 crores, as our business was impacted during March 2020 due to the outbreak of COVID-19."
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