Transport Corporation of India thrives on automotive segment's impressive performance, boosting supply chain dominance - Autocar Professional

Transport Corporation of India (TCI) has seen significant growth in its automotive segment, which accounts for 70-80% of its supply chain business. In Q1 FY24, TCI reported a net profit of Rs. 83.2 crore, up 5.9% from the previous year. Its supply chain division revenues surged by 21.3% to Rs. 346 crore, while its high-margin sea business declined by 19.3%. TCI expects a 10-15% increase in the automotive segment in the current fiscal year. TCI's strategic joint venture, TLI, experienced a surge of 57.6% in Q1 FY24, with revenues of Rs. 225.3 crore.

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