Transport Corp. of India, the country's leading integrated supply chain and logistics services provider, today announced first-quarter profits increased 9 percent to $2.3 million, from $2.1 million in the same period a year ago.
Operating profit for the April-June period gained 8 percent to $5.1 million from $4.7 million, the company disclosed in a statement to the Bombay Stock Exchange.
Income from operations totaled $75.4 million compared to $63.4 million the previous year.
The company posted net profit of $6.8 million in fiscal 2007-08 ended March 31, off 8.5 percent from $7.3 million in 2006-07.
TCI earlier announced plans to invest about $48 million to open new warehousing facilities across the country. It currently operates a fleet of over 6,000 trucks, and five container vessels for coastal shipping.