ICICI Direct: Transport Corporation Of India  - Volumes Largely Normalise,   Margins Remain Strong In Q2
Trailers belonging to Transport Corporation of India: (Photo: TCL website)

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

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Direct Transport Corporation Of India Q2FY21 Result Update.pdf

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