TCIEXPRESS bullish on the express logistics industry growth

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Mumbai: The Board has announced first Interim Dividend @ 50% (Re. 1.00) per share on face value of Rs.2/- per share) for financial year 2017-18

TCIEXPRESS (NSE: TCIEXP & BSE: 540212), a specialist and leader in time-definite express distribution in India, in its board meeting held today, has announced its financial results for the quarter and half year ended September 30, 2017.

The results for this Q2and H1 reflect augmented growth revenue with a steady rise to 10.05%and 12.81%respectively against the corresponding Q2and H1 of previous year.
EBIDTA for Q2and H1 under review stands at Rs.20.14croresand Rs. 39.06 croresregistering a sterling growth of 17.85%and 33.58% respectively overcorresponding Q2 and H1of the previous year.
Profit After Tax (PAT) also jumped by 30.74% and 48.65% to Rs 13.05crores and Rs. 25.17 crores for Q2 and H1 respectively as compared to corresponding Q2 and H1 of previous year.