Transport Corp. of India reported its group net profit in fiscal year 2012-13, which ended March 31, 2013, was $12.86 million, jumping 17 percent from $11 million in 2011-12.
The country’s largest integrated supply chain and logistics service provider said its revenue rose 9 percent year-over-year to $394.4 million on a consolidated basis. Group operating profit in 2012-13 amounted to $18.7 million, rising 17.5 percent compared with $15.83 million in 2011-12.
“The revenue gain was largely driven by higher operating income from the ‘express and supply chain solutions’ segments,” company officials said.
The express division reported a $7.6 million operating profit in 2012-13, up from $7 million in 2011-12. Operating profit from the supply chain solutions division for the full year was $11.2 million, up 19 percent from $9.4 million in 2011-12.
The company’s net profit soared 20 percent in the last quarter from a year earlier to $2.56 million. Quarterly operating income was $98.44 million, up 8 percent from $91 million in the year-ago period.
Gurgaon-based TCI operates a fleet of more than 6,000 trucks and four cargo vessels for coastal shipping, supplemented by a pan-Indian distribution network covering nearly 13,000 locations.