Transport Corporation of India said Thursday its net profit in the third quarter of fiscal year 2011 rose 15 percent year-over-year to $2.75 million, as a rise in revenue helped offset increased operating expenses.
The integrated supply chain and logistics service provider said revenue rose 5 percent year-over-year to $95 million, while operating expenses increased 4 percent to $89 million. The company third quarter runs October through December.
TCI’s net profit in the first three quarters of fiscal 2012 rose 5 percent year-over-year to $8.3 million.
The Gurgaon-based company operates a fleet of more than 6,000 trucks and six cargo vessels for coastal shipping, supplemented by a pan-Indian distribution network covering nearly 13,000 locations.