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TCI Express Q2 net up 25 pc to Rs 16.27 crore

Press Trust of India  |  New Delhi 

Express logistic service provider said Monday its net profit grew by 24.60 per cent to Rs 16.27 crore in the second quarter ended September 2018.

The company in a statement said it had clocked a net profit of Rs 13.05 crore for the second quarter in the corresponding period of the previous fiscal.

"The increase in revenues pushed the company's PAT to rise by 24.60 per cent during the quarter, when compared to the same period of last year," the company said in a statement.

The company said its revenue during the quarter showed a robust growth of 21.59 per cent to Rs 248 crore.

Chander Agarwal, Managing Director, TCI EXPRESS, remarked, Today, Micro, and medium Enterprises (SME) contributes as high as 45 per cent to country's GDP has pivot role to play in future on India's economy. And at sustainable business contribution from SME will be instrumental for growth in years to come.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 05 2018. 21:05 IST
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