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