Transport Corporation of India Ltd Q4 consolidated net profit at Rs. 36.05 crore

TRANSPORT CORPORATION OF INDIA LTD. has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.674.55 crores during the period ended March 31, 2020 as compared to Rs.712.04 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.36.05 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.34.04 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.4.68 for the period ended March 31, 2020 as compared to Rs.4.39 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 674.55 crs	₹ 712.04 crs	-5.27%
Net Profit	₹ 36.05 crs	₹ 34.04 crs	5.9%
EPS	₹ 4.68	₹ 4.39	6.61%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.674.55 crores during the period ended March 31, 2020 as compared to Rs.747.74 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.36.05 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.48.08 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.4.68 for the period ended March 31, 2020 as compared to Rs.6.26 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 674.55 crs	₹ 747.74 crs	-9.79%
Net Profit	₹ 36.05 crs	₹ 48.08 crs	-25.02%
EPS	₹ 4.68	₹ 6.26	-25.24%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.2737.96 crores during the 12 months period ended March 31, 2020 as compared to Rs.2773.16 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.142.36 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.144.40 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.18.54 for the 12 months period ended March 31, 2020 as compared to Rs.18.80 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 2737.96 crs	₹ 2773.16 crs	-1.27%
Net Profit	₹ 142.36 crs	₹ 144.40 crs	-1.41%
EPS	₹ 18.54	₹18.80	-1.38%

Commenting on the results, Mr. Vineet Agarwal, Managing DirectorTCI stated, "The impact of Coronavirus in the second half of March 2020 led to a rapid contraction of business momentum in the typically busiest month of the financial year. This was preceded by an extremely challenging economic environment over the course of the year in several sectors like capital goods, automobiles, engineering etc. The company has been able to sustain its revenues and margin even with the above constraints which is attributed to our diversified portfolio of value added services, spread across varied customers & industry sectors. Our strategy of providing multi modal integrated logistics solutions helped us continue to serve not just our existing customers but also acquire several new engagements.

He further added that in the current environment, the safety and wellbeing of all our employees and stakeholders is paramount and we have taken all the necessary steps to ensure full compliance of all standards. All our employees are TCI YODHAS who have come together and playa pivotal role in maintaining supply chain of essential goods during COVID-19 driven lock down period. At TCI, we have been agile in maintaining our operations through this crisis, while providing the necessary infrastructure to ensure safety and working standards. While there is uncertainty for complete normalcy, we will continue to focus on our strengths and are fully committed to work together with all stakeholders to overcome the current crisis."

Shares of TRANSPORT CORPORATION OF INDIA LTD. was last trading in BSE at Rs.163 as compared to the previous close of Rs. 160. The total number of shares traded during the day was 1390 in over 88 trades.

The stock hit an intraday high of Rs. 168.8 and intraday low of 161.1. The net turnover during the day was Rs. 228003.

Source : Equity Bulls

Keywords