The company sustained revenue and margins amid challenging environment !
Gurugram.2nd June.2020: India’s leading integrated supply chain and logistics solutions provider,Transport Corporation of India ltd., today announced its consolidated financial results for the financial year ended on March31’st 2020
Commenting on the results ,Mr. VineetAgarwal,Managing Director TCI stated,”The impact of Coronavirus in the second half of March2020 led to a rapid contraction of business momentum in the typically busiest month of the financial year. This was preceded by an extremely challenging economic environment over the course of the year in severa lsectors like capital goods,automobiles,engineering etc. The company has been able to sustainits revenues and margin even with the above constraints which is attributed to our diversified portfolio of valueadded services,spread across varied customers & industry sectors.Our strategy of providing multimodal integrated logistics solutions helped us continue to serve not just our existing customers but also acquire several new engagements
He furthe radded that in the current environment ,the safety and wellbeing of all our employees and stakeholders is paramount and we have taken all the necessary steps to ensurefull compliance of all standards. All our employeesa re TCI YODHAS who have come together and playapivotal role in maintaining supplychain of essential goods during COVID-19 driven lock down period.At TCI, we have been agile in maintaining our operations through this crisis,while providing the necessary infrastructure to ensure safety and working standards.While there is uncertainty for complete normalcy, we will continue to focus on our strengths and are fully committed to work together with all stake holders to overcome the current crisis.”
