ECONOMY

Transport Corporation Q4 Review – Margins Continue To Expand: ICICI Direct

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Transport Corporation of India Ltd. reported a strong set of Q4 FY21 numbers.

Revenues grew a strong 27% YoY (11% QoQ) to Rs 797 crore.

Seaways segment reported strong growth both sequentially (up 25%) and YoY (up 24%), followed by the freight division (up 18% QoQ, 20% YoY) and supply chain management division (flat QoQ, up 41% YoY, due to low base in Q4 FY20).

Ebitda margins expanded 147 basis points YoY to 10.7%, mainly due to a combination of higher gross margins (19.5% versus 19% in Q4 FY20), lower employee to sales ratio (5.3% versus 6% in Q4 FY20) and lower other expense ratio.

Click on the attachment to read the full report:

ICICI Direct Transport Corporation of India Q4FY21 Result Update.pdf

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