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TCIEXPRESS records revenue of 12.81% during H1 FY-2017-18

November 1, 2017: Express distribution company, TCIEXPRESS has announced its financial results for the quarter and half year ended September 30, 2017. The results for the Q2 and H1 reflected augmented growth revenue with a rise to 10.05 percent and 12.81 percent respectively against the corresponding Q2 and H1 of previous year.

TCIEXPRESS records revenue of 12.81% during H1 FY-2017-18
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November 1, 2017: Express distribution company, TCIEXPRESS has announced its financial results for the quarter and half year ended September 30, 2017. The results for the Q2 and H1 reflected augmented growth revenue with a rise to 10.05 percent and 12.81 percent respectively against the corresponding Q2 and H1 of previous year.

EBIDTA for Q2 and H1 under review stands at Rs 20.14 crores and Rs 39.06 crores, registering a growth of 17.85 percent and 33.58 percent respectively over corresponding Q2 and H1 of the previous year.

Profit After Tax (PAT) also jumped by 30.74 percent and 48.65 percent to Rs 13.05 crores and Rs 25.17 crores for Q2 and H1 respectively as compared to corresponding Q2 and H1 of previous year.

Highlights of Q2 and Half year ended 30th September, 2017

Rs in Crores except as stated otherwise

Particulars

Q2 FY2017-18

H1 FY2017-18

Q2 FY2016-17

H1 FY2016-17

Q2 Growth

H1 Growth

Net Revenues

Rs. 203.99

Rs. 407.62

Rs. 185.36

Rs. 361.34

10.05%

12.81%

EBIDTA

Rs. 20.14

Rs. 39.06

Rs. 17.09

Rs. 29.24

17.85%

33.58%

PAT

Rs. 13.05

Rs. 25.17

Rs. 9.98

Rs. 16.93

30.74%

48.65%

ROCE (Annualized)

46%

48%

42%

36%

-

-

RONW (Annualized)

28%

28%

30%

26%

-

-

EPS

Rs. 3.41

(Not

annualized)

Rs. 6.57

(Not

annualized)

Rs. 2.61

(Not

annualized)

Rs. 4.42

(Not

Annualized)

-

-

Commenting on the results, Chander Agarwal, managing director, TCIEXPRESS said, “We are excited and optimistic of the industry and its growing potential. In Q2 we have grown by 10 percent compared to Q1 15.70 percent of this year. The major impact has been seen due to slower market response to GST implementation in July, which is looking better now. As a specialist and leader in express distribution in the country, we continue to tread on the growth trajectory and bring the best in services for our customers. Focused group sales, operational efficiency and digital infrastructure will be our growth driver in the near future.”

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