Transport Corporation of India Ltd., India’s leading integrated logistics and supply chain solutions provider, today announced its annual audited financial results for fiscal 2007-08. The full year Operating Margin has increased by 8.44% to Rs. 80.80 Crores from Rs. 74.27 Crores in the financial year 2006-07 while the Net Sales/Income from Operations during 2007 – 08 registered growth of 18% over the previous year (On stand alone basis). Income from operations during the year 2007-08 has grown by 18% to Rs. 1181 cr against Rs 1000 Cr (Excluding Fuel pumps income as most of them were hived off last year). The Board has recommended final dividend @ 15% making the total dividend for the year @30% (i.e. @ Rs 0.60 /share) – same as previous year.

For the first time, consolidated financial statements incorporating the financials of one subsidiary and two JVs have been presented.

Speaking on the occasion, Mr. D. P. Agarwal, Vice Chairman & Managing Director, TCI said, “This has been an eventful year for the Group. The year saw significant investments in the creation of new business units like XPS Air & Courier, TCI Global and the consolidation in high growth areas like TCI Supply Chain solutions. This year we have added 0.75 million sq.ft. of warehousing space and would be adding 1-2 million sq ft each year until 2012. We have also expanded our global operations and have opened offices in Singapore, Hong Kong and Indonesia. This is in keeping with our vision of being Asia’s premier integrated supply chain solutions provider.

On the future outlook of the company, he said, “The Group is celebrating its Golden Jubilee this year as it completes 50 glorious years in providing efficient and reliable transport and logistics solutions for customer delight. Over the last five decades, we have been able to create benchmarks for the logistics industry and this year we reiterate our commitment to serve the industry in the future.”

Sourced From :Image Public Relations Pvt. Ltd

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