Transport Corporation of India Ltd Q3FY21 consolidated PAT higher at Rs. 41.84 crore

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

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.811.68 crores during the period ended December 31, 2020 as compared to Rs.703.45 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.41.84 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.36.60 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.5.43 for the period ended December 31, 2020 as compared to Rs.4.74 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 811.68 crs	₹ 703.45 crs	15.39%
Net Profit	₹ 41.84 crs	₹ 36.60 crs	14.32%
EPS	₹ 5.43	₹ 4.74	14.56%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.811.68 crores during the period ended December 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.41.84 crores for the period ended December 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.5.43 for the period ended December 31, 2020 as compared to Rs.4.39 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 811.68 crs	₹ 712.04 crs	13.99%
Net Profit	₹ 41.84 crs	₹ 34.04 crs	22.91%
EPS	₹ 5.43	₹ 4.39	23.69%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1923.89 crores during the 9 months period ended December 31, 2020 as compared to Rs.2063.41 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.82.52 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.106.32 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.10.73 for the 9 months period ended December 31, 2020 as compared to Rs.13.81 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 1923.89 crs	₹ 2063.41 crs	-6.76%
Net Profit	₹ 82.52 crs	₹ 106.32 crs	-22.39%
EPS	₹ 10.73	₹13.81	-22.3%

Commenting on the results, Mr. Vineet Agarwal, Managing Director, TCI stated, "All our business segments have shown very strong growth from pre Covid levels in both revenue and profits. Despite many challenges, the company has been able to reaffirm its leadership position as an integrated multimodal logistics provider. The company has witnessed robust demand from ecommerce, automotive, certain capital goods and other sectors. Uniquely the company's end to end multimodal services to our neighbouring countries have provided new business opportunities.

To commemorate the birth centenary year of our founder Chairman Late Shri. PD Agarwal (Shri. PDji), India Post released a Customized 'My Stamp and Special Cover' in the presence of Honorable Minister of Skill Development and Entrepreneurship (MSDE), Shri. Dr. Mahendra Nath Pandey. As the vaccines get rolled out, logistics will be at the core of the immunisation drive against the virus. TCI has the expertise and capacities to manage these mission critical requirements.

Shares of TRANSPORT CORPORATION OF INDIA LTD. was last trading in BSE at Rs.251.3 as compared to the previous close of Rs. 248.05. The total number of shares traded during the day was 4895 in over 326 trades.

The stock hit an intraday high of Rs. 254.3 and intraday low of 249. The net turnover during the day was Rs. 1232916.

Source : Equity Bulls

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