Transport Corporation of India (TCI) on Tuesday reported a 17.48 per cent increase in consolidated net profit to Rs 38.24 crore for the quarter ended on September 30, 2019.
The supply chain and logistics service provider had clocked a net profit of Rs 32.55 crore in the corresponding quarter of the previous fiscal, it said in a regulatory filing to the BSE.
Its total income during the quarter under review rose to Rs 688.66 crore as against Rs 680.48 crore during the year-ago quarter.
Its expenses were also up at Rs 654.39 crore during the quarter as against Rs 646.84 crore in the year-ago quarter.
Commenting on the results, TCI Managing Director Vineet Agarwal said: "The Indian economy has been facing a slowdown due to multiple complex factors leading to sluggish demand with major impact in the automobiles industry. Despite overall economic challenges, we continued to sustain our performance due to continued focus on strengthening our business fundamentals."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app