TCI Express | Company's new sorting centre at Pune has become operational after receiving relevant regulatory approvals
ICICI Direct has come out with its first quarter (April-June’ 20) earnings estimates for the Logostics sector. The brokerage house expects TCI Express to report net profit at Rs. 28.2 crore up 2,965.3% year-on-year (down 33.8% quarter-on-quarter).
Net Sales are expected to increase by 158.5 percent Y-o-Y (down 18 percent Q-o-Q) to Rs. 229.4 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1,764.9 percent Y-o-Y (down 30.4 percent Q-o-Q) to Rs. 37.9 crore.
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