TCIEXPRESS, a specialist and leader in time-definite express distribution in India, has announced its financial results for the Q3 and nine months ended December 31, 2017. The results reflect augmented growth revenue with a sustained rise to 22.53 per cent and 16.13 per cent, respectively against the corresponding Q3 and nine months of previous year.
EBIDTA for Q3 and nine months under review stands at Rs 24.66 crore and Rs 63.72 crore registering a sterling growth of 64.40 per cent and 44.03 per cent, respectively over the corresponding Q3 and nine months of the previous year.
Profit After Tax (PAT) also jumped by 78.38 per cent and 58.72 per cent to Rs 15.43 crore and Rs 40.60 crore for Q3 and nine months, respectively as compared to corresponding Q3 and nine months of previous year.
Commenting on the results, Chander Agarwal, Managing Director, TCIEXPRESS said, “We are happy to share that we have shown very good growth in Q3. In the backdrop of this robust performance, we have registered an increase of 22.53 per cent and 78.38 per cent in topline and bottom-line, respectively. The prime focus has been on operational efficiency, despite volatility in fuel prices and demand-supply imbalance. Our strategy has been to pursue opportunities nationally enabling us to offer best-in-class services to our customers. With GST and E-way bill, the logistics sector has become more organised, laying the foundation for a conducive business environment – moving forward we are hopeful of creating more values to our shareholders.“