TCI Express Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 26, 2023 at 06:52 am EDT
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TCI Express Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 3,262.5 million compared to INR 2,981.8 million a year ago. Revenue was INR 3,279.2 million compared to INR 3,002.8 million a year ago. Net income was INR 384.5 million compared to INR 359.3 million a year ago. Basic earnings per share from continuing operations was INR 10.04 compared to INR 9.21 a year ago. Diluted earnings per share from continuing operations was INR 10 compared to INR 9.19 a year ago.
For the full year, sales was INR 12,410.1 million. Revenue was INR 12,481.8 million. Net income was INR 1,392.8 million. Basic earnings per share from continuing operations was INR 36.24. Diluted earnings per share from continuing operations was INR 36.2.
TCI Express Limited is an India-based company, which is engaged in the carrying express cargo distribution through road, rail, air, and water mode. The Company specializes in offering time definite solutions. Its services include surface express, domestic air express, international air express, e-commerce express, C2C express, rail express, and cold chain express. Its value-added services include safety and security of vehicles through tamper proof locking systems, holiday and late pickup services on demand, key account management, and others. The Company provides end-to-end logistics to the pharmaceuticals industry and order management service to customers. Its e-commerce express provides business-to-business (B2B) on multi model distribution for optimum on time delivery with value added features of cash on delivery. It offers express solutions with over 40000 locations with fully containerized fleet of vehicles. The Company's subsidiary is TCI Express Pte. Ltd.
TCI EXPRESS LIMITED 
