TCI Express, a leading logistics company, has announced its quarterly results for Q3 FY24 on 12 Feb, 2024. The company witnessed a decline in revenue by 0.81% compared to the same period last year. However, the profit showed a slight increase of 0.53% YoY.
In comparison to the previous quarter, TCI Express experienced a decrease in revenue by 2.54% and a decrease in profit by 9.53%.
The Selling, general & administrative expenses of TCI Express increased by 0.3% compared to the previous quarter and by 7.6% compared to the same period last year.
The operating income of TCI Express also saw a decline of 10.78% compared to the previous quarter and a decrease of 2.37% YoY.
The earnings per share (EPS) for Q3 FY24 stood at ₹8.38, showing an increase of 0.96% YoY.
TCI Express has delivered a negative return of -4.61% in the last 1 week, -9.73% in the last 6 months, and -7.1% year-to-date.
As of 14 Feb, 2024, out of 9 analysts covering the company, 1 analyst has given a Sell rating, 3 analysts have given a Hold rating, 2 analysts have given a Buy rating, and 3 analysts have given a Strong Buy rating.
The consensus recommendation as of 14 Feb, 2024, is to Buy the shares of TCI Express.
Currently, TCI Express has a market cap of ₹4894.48 Cr and its 52-week high and low are ₹1700.85 and ₹1250.2 respectively.
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