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ICICI Direct: Transport Corporation Of India - Volumes Largely Normalise, Margins Remain Strong In Q2

TCL’s supply chain management division recorded the highest recovery, followed by freight and shipping in the September quarter.

Trailers belonging to Transport Corporation of India: (Photo: TCL website)
Trailers belonging to Transport Corporation of India: (Photo: TCL website)

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ICICI Direct Report

Transport Corporation of India Ltd. reported strong Q2 FY21 results.

Revenues grew strong QoQ (up 87%), which led to normalisation of revenues YoY to Rs 612 crore.

Supply chain management reported highest recovery QoQ (up 134% QoQ, 2% YoY), followed by freight division (up 76% QoQ, down 9% YoY) and shipping division (up 37% QoQ, 9% YoY).

The company continued to show resilience on the margins front.

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ICICI Direct Transport Corporation Of India Q2FY21 Result Update.pdf

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