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Transport Corporation Of India Q2 Results Live : Transport Corporation Of India declared their Q2 results on 24 Oct, 2024, showing robust financial performance with a topline increase of 12.81% and a profit surge of 22.3% year-over-year.
In comparison to the previous quarter, the revenue grew by 7.24%, while the profit increased by 16.92%, highlighting a consistent upward trend in the company’s financial health.
The company reported a rise in Selling, General & Administrative expenses, which increased by 2.44% quarter-over-quarter and 10.74% year-over-year, indicating a strategic investment in operational capabilities.
Operating income saw a significant boost, climbing by 17.65% quarter-over-quarter and 26.98% year-over-year, underscoring the company’s efficiency in managing its core operations.
Earnings per share (EPS) for Q2 stood at ₹13.65, reflecting a 22.2% increase year-over-year, further demonstrating the company’s profitability and shareholder value enhancement.
Despite a recent dip of -3.74% in the last week, Transport Corporation Of India has shown a commendable performance with a 16.11% return over the last six months and a substantial 25.55% year-to-date return.
Currently, the market capitalization of Transport Corporation Of India is ₹7907.26 Crore, with a 52-week high of ₹1238 and a low of ₹757.65, showcasing a healthy trading range.
As of 25 Oct, 2024, market analysts remain optimistic about the company’s prospects, with one analyst giving a ‘Hold’ rating, three endorsing ‘Buy’, and three recommending a ‘Strong Buy’, culminating in a consensus recommendation of ‘Strong Buy’.
Transport Corporation Of India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1120.8 | 1045.1 | +7.24% | 993.5 | +12.81% |
| Selling/ General/ Admin Expenses Total | 62.9 | 61.4 | +2.44% | 56.8 | +10.74% |
| Depreciation/ Amortization | 29.1 | 29 | +0.34% | 31.1 | -6.43% |
| Total Operating Expense | 1032.8 | 970.3 | +6.44% | 924.2 | +11.75% |
| Operating Income | 88 | 74.8 | +17.65% | 69.3 | +26.98% |
| Net Income Before Taxes | 118.2 | 102.6 | +15.2% | 97.4 | +21.36% |
| Net Income | 106.4 | 91 | +16.92% | 87 | +22.3% |
| Diluted Normalized EPS | 13.65 | 11.67 | +16.97% | 11.17 | +22.2% |
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