TCI Express Q4 Review - Primed For Next Leap In Performance: ICICI Direct
TCI Express Ltd. (Source: Company website)

TCI Express Q4 Review - Primed For Next Leap In Performance: ICICI Direct

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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

TCI Express Ltd. reported a strong performance, posting its highest ever Ebitda margins of 19.4%, backed by higher operating leverage, realisation hike, cost control initiatives and passing on of fuel price hike to most customers.

Overall, Q4 FY21 witnessed broad based revival across all major industries as reflected in the Q4 E-way bill (up 28%), which led to strong growth in revenues.

Revenues for Q4 FY21 grew 18% YoY to Rs 280 crore, led by 15% growth in volumes to 2.3 lakh tonne and 2.3% growth in realisation to Rs 12.2 per kg.

Click on the attachment to read the full report:

ICICI Direct TCI Express Q4FY21 Result Update.pdf

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