Dolat Capital's research report on Transport Corporation of India
TCI reported the muted revenue growth for FY20 as the difficult macroeconomic conditions put pressure along with YoY declines in Auto OEM segment. The company’s Freight division reported its first YoY decline since FY17 while Supply chain reported multi-year decline in Q4. It had lost Rs 1Bn revenue in Q4 due to COVID. Despite headwinds, the company remain focused on providing customer centric service approach, operational efficiency, cost optimization and continued thrust on technology which has become even more important for the transport companies like TCI during such pandemic time.
Outlook
The company is very optimistic on the huge demand creation in the warehousing and cold storage due to recent changes in the customer habits during COVID.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!