Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Transport Corporation of India Ltd announces Q2, H1 FY19 results

Posted On: 2018-11-03 13:18:26

India's leading integrated supply chain and logistics solutions provider, Transport Corporation of India Ltd., today announced its financial results for the second quarter/half year ended on 30th September, 2018.

The company's total revenue for the Half Year recorded a growth of - 19% over orresponding quarter last year while the profit after tax recorded a growth of 25%during this period.

Keeping in view of the overall performance, TCI Board of Directors has decided to pay interim dividend to shareholders at 40% (i.e. Re. 0.80 per share).

Commenting on the results, Mr. Vineet Agarwal, Managing Director TCI stated, "We have delivered encouraging results that were in line with our expectations and consolidated our market share across all our divisions. The last quarter was very challenging given the transporter's strike, floods in Kerala and increasing fuel prices however the company has been able to achieve organic growth by simultaneously reducing costs and advancing operational efficiencies.

He further added, "With our increased focus on multimodal logistics, we will continue our momentum and deliver competitive and sustained profitability for the whole fiscal year."

Shares of TRANSPORT CORPORATION OF INDIA LTD. was last trading in BSE at Rs.276.85 as compared to the previous close of Rs. 286. The total number of shares traded during the day was 4712 in over 204 trades.

The stock hit an intraday high of Rs. 291.95 and intraday low of 272.15. The net turnover during the day was Rs. 1328851.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Givaudan Partners with TCS to Transform its Global Data Center Operations

TCS Study Finds 78% of UK Companies Plan to Digitally Transform their Business Model Within 3 years

Qatar Investment Authority to invest INR 3,200 Crore in Adani Electricity Mumbai Limited

Mold-Tek Technologies Ltd enters into MOU with Italian and Indian Engineering Services Companies

KNR Constructions receives orders worth of Rs. 240.60 Crores from Greater Hyderabad Municipal Corporation

Infosys Awarded UN Global Climate Action Award in 'Carbon Neutral Now' Category at COP 25

TCS iON to Empower Kerala Youth with Future-ready Job Skills

City Union Bank Ltd opens new branches at Mylavaram and Mathikere

Future Supply Chain and Nippon Express Strategic Partnership aspires to be India's Leading Logistics Player

Hindustan Aeronautics Ltd signs MOU for wage revision

QGO Finance Ltd to issue 1,000 NCDs

Infosys Recognized as a 2020 'Top Employer' in Australia, Singapore and Japan

CRISIL reaffirms ratings on the bank facilities of Excel Industries Limited

JSPL commissioned its 4th Coke Oven Battery at Angul Steel Plant

L&T Technology Services Ltd launches Project Neelachala - a CSR Program for those affected by cyclone Fani

Airtel launches 'Airtel Wi-Fi Calling' - India's first Voice over Wi-Fi service

Everest Group recognizes L&T Technology Services as 'Leader' in Automotive Engineering Services

Announcing General Availability of Version 11 of Majesco Distribution Management Platform

ADNOC and Reliance Industries Limited Sign Agreement to Explore Development of Ethylene Dichloride Facility in Ruwais

CCI approves acquisition of stake in Future Supply Chain Solutions Limited by Nippon Express

Ethos Ltd opens two new stores at World Trade Park, Jaipur

Tasty Dairy Specialities Ltd enters into agreement with Noluma International

IDBI Bank to dilute stake in IDBI Capital Market Securities Ltd and IDBI Intech Ltd

Kimia Biosciences Ltd granted 'Site Certificate Under WHO-GMP Certification Scheme'

YES Bank board to reconvene on Dec 10, 2019 to continue discussion on investment proposals

Ministry of Technology and Communications, Oman and Wipro ink MoU to launch Open Source CoE

BEML launches new hydraulic excavator

Bharti Infratel Ltd board declares 2nd interim dividend of Rs. 2.75

Tata Motors Group global wholesales at 89,671 in November 2019

Ramco Systems in association with NelsonHall launches Digital Payroll Maturity Assessment Tool

Panacea Biotec announces launch of ViLACT for treatment of Uncontrolled Type 2 Diabetes Mellitus patients

STL to collaborate with IIT Madras for 5G advancements in India

Shashijit Infraprojects Ltd receives order from Vapi Nagar Palika

SC Soft, an Aurionpro Group Company, steps into Africa and Central America: Mexico with Automatic Fare collection projects

Subex and RAG announce first of its kind alliance to leverage Blockchain for combatting fraud

L&T Technology Services Ltd appoints Ms. Apurva Purohit as an Independent Director

Quick Heal Technologies Limited recognised by NASSCOM's DSCI as an industry pioneer in the Indian cybersecurity space

Chief Digital Officer Role Having Powerful Impact on Digital Transformation: Mindtree Survey

Aditya Birla Fashion and Retail Ltd appoints additional director, vice-chairman

Redington arm increases stake in Rajprotim Supply Chain Solutions Ltd to 100%

Grant Thornton releases interim physical survey report on more than 3,000 Nextgen Vakrangee Kendra

Dilip Buildcon Ltd receives order from Delhi Metro

Hero MotoCorp to increase prices of its products from Jan 1, 2020

HDFC Bank Ltd board to consider Q3 results on Jan 18, 2020

CRISIL downgrades PC Jeweller Ltd's ratings to default grade

Bharat Gears Ltd announces employee strike at its Lonand Unit

INSILCO Ltd updates on renewal of its applications with UPPCB and CGWA

CRISIL A2+ rating assigned to Newgen Software Technologies' short-term facilities

City Union Bank opens 3 new branches on Dec 9, 2019

AXIS Bank reappoints S Vishvanathan as independent director







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019