Transport Corporation shares hit 20% upper circuit post Q4 results

As per management, in spite of challenges posed by the pandemic in FY21, the company was able to sustain its revenues and margins due to its diversified portfolio of value-added services

Shares of Transport Corporation of India (TCI) were locked in 20 per cent upper circuit at Rs 366.90 on the BSE on Wednesday after the company reported 69 per cent year-on-year (YoY) growth in standalone profit after tax (PAT) in March quarter (Q4FY21) at Rs 52.86 crore, on the back of healthy revenue growth. The company, India’s leading integrated supply chain and logistics solutions provider, had PAT of Rs 31.28 crore in Q4FY20.

The stock, at its 52-week high level, was trading close to its record high level of Rs 376, touched on August 29, 2018. Till 02:52 pm,