FCC

TCIEXPRESS posts robust growth in Q3

2019-02-12

After reporting stellar figures in Q2, TCIEXPRESS has sustained its robust growth figures. The company?s net Q3 revenue showed robust growth of 14.89 per cent, while the EBITDA stood at Rs 31.63 crore after registering an increase of 28.26 per cent. The company?s PAT also rose subsequently by 21.31 per cent during the quarter. The impressive revenue and growth figures in Q3 are reflections of the company?s strong management, operation control and the positive customer experience. The company was able to showcase such impressive growth by leveraging its broad branch network of over 700 centres across the country.

Acknowledging the notable figures for Q3, Chander Agarwal, Managing Director, TCIEXPRESS, remarked, ?The logistics sector has achieved substantial importance in the Indian economy, serving as the most important link to facilitate the growing B2B large manufactures and SMEs. TCIEXPRESS? sustained service quality, even in the face of increasing competition from both organised as well as unorganised sectors, has helped us grow significantly. Since there has been a significant increase in the consumer base in tier-II cities, there has been a boost in demand for express delivery services. That coupled with the regulation of GST and its growing acceptance in the market has helped us achieve these figures. We assure to continually provide our timely express logistic services to a wider range of businesses over the coming quarter.?