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TCI spikes 5 per cent after posting stellar Q4FY18 numbers

Amir Shaikh
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Transport Corporation of India (TCI) standalone revenue for the quarter came in at Rs. 605.25 crore, registering 25.7 per cent yoy increase. This was primarily driven by growth in top three segment viz; freight division grew 15 per cent yoy, supply chain solution division grew 32.8 per cent yoy, seaway division grew 60 per cent yoy.

EBITDA for the quarter rose by 53.7 per cent yoy to Rs. 60.45 crore with a corresponding margin expansion of 182 bps. EBITDA margin for the quarter stood at 10 per cent.

The PAT for the quarter came in at Rs. 32.66 crore, yoy increase of 76.2 per cent.

Looking at full year 2017-18, the revenue surge 20.7 per cent yoy to Rs. 2,177 crore. Also, EBITDA for the period jump 31.3 per cent yoy to Rs. 205 crore with corresponding margin expansion of 80 bps. EBITDA margin for FY18 stood at 9.4 per cent. Net profit spikes 47.7 per cent yoy to Rs. 104 crore.

In response to this robust quarterly numbers, the stock of TCI spurt 5 per cent to reach intra-day high of ~Rs. 299. At 11.13 hours the stock was trading at Rs. 286 per share, up by 4.9 per cent.

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