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TCIExpress announces results for Q1 2017-18

TCIExpress has announced its financial results for the quarter ended June 30th 2017, which shows revenue growth with 15.71 percent against the same quarter of last year.

TCIExpress announces results for Q1 2017-18
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August 03, 2017: TCIExpress has announced its financial results for the quarter ended June 30th 2017, which shows revenue growth with 15.71 percent against the same quarter of last year.

EBIDTA for quarter under review stands at Rs 18.92 crores registering a strong growth of 55.59 percent over corresponding quarter of last year. Profit After Tax (PAT) jumped by 75 percent to Rs 12.12 crores for FY Q1 2018 as compared to same quarter of last year.

Highlights of Q1 ended 30th June, 2017

Particulars

Q1 FY2017-18

Q1 - FY2016-17

Growth

Net Revenues

Rs. 203.64 Cr

Rs. 175.99 Cr

15.71%

EBIDTA

Rs. 18.92 Cr

Rs. 12.16 Cr

55.59%

PAT

Rs. 12.12 Cr

Rs. 6.95 Cr

74.46%

ROCE

46 %

RONW

28 %

EPS

Rs.3.17 (Not annualized)

Commenting on the results, Chander Agarwal, Managing Director, TCIExpress said, “With our successful planning of being GST ready, and crossing the milestone without any difficulties, we continue to stride on the growth trajectory in this quarter. Business has increased through internal efforts using web based CRM and economy conditions in general. We continue to leverage IT in Operations, Business Generation and Accounting.”

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