TCI Express Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 17, 2023 at 05:49 am EDT
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TCI Express Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 3,199.8 million compared to INR 3,099 million a year ago. Revenue was INR 3,217.5 million compared to INR 3,121.7 million a year ago. Net income was INR 355.8 million compared to INR 377.9 million a year ago. Basic earnings per share from continuing operations was INR 9.27 compared to INR 9.82 a year ago. Diluted earnings per share from continuing operations was INR 9.26 compared to INR 9.8 a year ago.
For the six months, sales was INR 6,248.5 million compared to INR 6,003.4 million a year ago. Revenue was INR 6,281 million compared to INR 6,045.4 million a year ago. Net income was INR 679.1 million compared to INR 688 million a year ago. Basic earnings per share from continuing operations was INR 17.62 compared to INR 17.87 a year ago. Diluted earnings per share from continuing operations was INR 17.59 compared to INR 17.84 a year ago.
TCI Express Limited is an India-based company, which is engaged in the carrying express cargo distribution through road, rail, air, and water mode. The Company specializes in offering time definite solutions. Its services include surface express, domestic air express, international air express, e-commerce express, C2C express, rail express, and cold chain express. Its value-added services include safety and security of vehicles through tamper proof locking systems, holiday and late pickup services on demand, key account management, and others. The Company provides end-to-end logistics to the pharmaceuticals industry and order management service to customers. Its e-commerce express provides business-to-business (B2B) on multi model distribution for optimum on time delivery with value added features of cash on delivery. It offers express solutions with over 40000 locations with fully containerized fleet of vehicles. The Company's subsidiary is TCI Express Pte. Ltd.
TCI EXPRESS LIMITED 
