TCI Q3FY18 bottomline jumps 65 per cent

Transport Corporation of India (TCI) reported its results for the quarter ended December 31, 2017 on Thursday.

The company's standalone revenue for the quarter came in at Rs 562.52 crore, registering an increase of 24.5 per cent YoY. This was primarily driven by jump in revenue from seaways, supply chain solutions and freight division by 66 per cent, 26 per cent and 16 per cent, respectively.

Its EBITDA for the quarter rose by 40 per cent YoY to Rs 59.8 crore, with a corresponding margin expansion of 118 bps. The EBITDA margin for the quarter stood at 10.6 per cent.

The PAT for the quarter came in at Rs 27.91 crore, an increase of 65.1 per cent YoY.

It has declared second interim dividend @ 50 per cent, i.e., Rs 1 per share of face value of Rs 2.

Today, the stock opened at Rs. 272.05 and touched an intra-day high and low of Rs. 277.95 and Rs. 270.05, respectively, and finally closed at Rs 277, on the BSE.