**Travel Corporation of India Reports 27.3% Increase in Q3 PAT Driven by Strong Demand in Logistics**
Mumbai, Jan 27 (PTI) – Travel Corporation of India (TCI), a multimodal logistics firm, announced a 27.3% year-on-year rise in consolidated Profit After Tax (PAT), reaching ₹102 crore for the quarter ending December 2024. This growth is attributed to heightened demand for warehousing, temperature-controlled logistics, and green multimodal solutions within the Third-party Logistics (3PL) sector. In the same quarter of the previous fiscal year, TCI reported a PAT of ₹80.20 crore.
The company’s revenue for the reviewed quarter increased by 14.1%, amounting to ₹1,153.90 crore, compared to ₹1,011.50 crore in the December quarter of FY24. Earnings Before Interest, Depreciation, Taxes, and Amortisation (EBITDA) for Q3FY25 reached ₹147.8 crore, up from ₹127.60 crore in the third quarter of FY24, marking a year-on-year growth of 15.8%.
Vineet Agarwal, Managing Director of TCI, stated, “The company has reinforced its market position and experienced a surge in demand for warehousing and temperature-controlled, 3PL green multimodal solutions from sectors such as FMCG, retail, agriculture, automotive, engineering equipment, and Extended Producer Responsibility (EPR).” He further noted that TCI’s diversified offerings for emerging sectors, including renewables, chemicals, quick-commerce, and consumer electronics, have expanded in response to increasing market opportunities.
With the revival of infrastructure spending and economic activity supported by private consumption in rural areas, TCI expects a strong order pipeline in the upcoming quarters. Agarwal emphasized that to maintain its growth trajectory, TCI is strategically investing in technology, talent, and specialized logistics assets, including warehousing, automation, rail, containers, and ships.
