Shares of Transport Corporation of India (TCI) fell more than 2% following its Q3 results for December 2024. Despite the decline in stock price, the company reported strong financial growth. Net Sales rose by 10.4%, reaching Rs. 993.50 crore compared to Rs. 899.90 crore in December 2023.
The company also posted impressive quarterly profit figures, with Net Profit increasing by 23.64% to Rs. 118.20 crore, up from Rs. 95.60 crore in the same period last year. TCI’s EBITDA stood at Rs. 158.50 crore, reflecting a 14.28% increase over the previous year’s Rs. 138.70 crore. However, the margin dropped 134 bps YoY.
Earnings Per Share (EPS) also saw a significant rise, reaching Rs. 15.28 in December 2024, compared to Rs. 12.32 in December 2023, showing the company’s improved profitability.
TCI shares opened at 1,041.95, reaching a high of 1,070.00 and a low of 984.00 during trading. Over the past 52 weeks, the stock has seen a high of 1,309.00 and a low of 757.65.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.