Q4FY21 Result Update - Transport Corporation of India - ICICI Direct

TCI reported a strong set of Q4FY21 numbers. Revenues grew a strong 27% YoY (11% QoQ) to Rs. 797 crore. Seaways segment reported strong growth both sequentially (up 25%) and YoY (up 24%), followed by the freight division (up 18% QoQ, 20% YoY) and SCM division (flat QoQ, up 41% YoY, due to low base in Q4FY20). EBITDA margins expanded 147 bps YoY to 10.7%, mainly due to a combination of higher gross margins (19.5% vs. 19% in Q4FY20), lower employee to sales ratio (5.3% vs 6% in Q4FY20) and lower other expense ratio. The resultant EBITDA grew 48% YoY to Rs. 86 crore. Further, PAT grew 69% YoY to Rs. 53 crore (exceptional expense of Rs. 3.5 crore due to impairment in wind power plant and investment in a subsidiary, impacted profitability to certain extent).

For details, click on the link below: Link to the report

Shares of TRANSPORT CORPORATION OF INDIA LTD. was last trading in BSE at Rs.353 as compared to the previous close of Rs. 366.9. The total number of shares traded during the day was 75921 in over 3199 trades.

The stock hit an intraday high of Rs. 389 and intraday low of 348.25. The net turnover during the day was Rs. 27548403.

Source : Equity Bulls

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