Transport Corporation - Better Product Mix Leads To Margin Expansion In Q3: ICICI Direct
Trailers belonging to Transport Corporation of India: (Photo: TCL website)

Transport Corporation - Better Product Mix Leads To Margin Expansion In Q3: 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

Transport Corporation of India Ltd. reported a strong set of Q3 FY21 numbers.

Revenues grew strongly QoQ (up 17%) and YoY (10.5%) to Rs 715 crore.

Supply chain management segment reported strong growth both QoQ and YoY (up 19% QoQ, 24% YoY), followed by the freight division (up 18% QoQ, 2% YoY) and shipping division (up 11% QoQ, 5% YoY).

Ebitda margins expanded 86 basis points YoY to 10.5% mainly due to higher gross margins (19.5% versus 19% in Q3 FY20) and lower employee to sales ratio (5% versus 5.7% in Q3 FY20).

Click on the attachment to read the full report:

ICICI Direct Transport Corporation Q3FY21 Result Update.pdf

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