TCIEXPRESS reports robust results for Q1 FY24 - PR Newswire APAC - PR Newswire Asia

TCI Express Ltd., the leading express distribution company in India, announced its results for the quarter ended June 30, 2023. The company achieved revenue of Rs. 306 crores, with a growth of 4.8% YoY. EBITDA for the quarter was Rs. 48 crores, representing a sequential growth of 7.0%. Profit after tax was Rs. 32 crores, up by 4.2% from the previous year. The growth was driven by strong demand from the MSME sector and higher utilization in newly developed sorting center facilities. TCI Express has shown resilience and maintained stable PAT margins despite the industry-wide downturn.

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