Transport Corporation of India's net profit slumps 25% to Rs 36.15 cr for Q4FY20

New Delhi: Transport Corporation of India Ltd’s consolidated net profit went down by 25 percent to Rs 36.15 crore for the fourth quarter of 2019-20 fiscal as compared to Rs 48.38 crore in the same quarter of the previous fiscal. The consolidated revenues from operation went down by 11 percent to Rs 667.78 crore for the fourth quarter of 2019-20 fiscal as compared to Rs 742.84 crore in the same quarter of the previous fiscal.

For the entire fiscal 2019-20, the consolidated net profit of the company went down marginally to Rs 143.19 crore as compared to Rs 145.29 crore in the previous fiscal. The consolidated revenues from operation of the company for the entire fiscal 2019-20 slipped marginally to Rs 2717.84 crore as compared to Rs 2753.65 crore, the company said in a regulatory filing.

The total expenses of the company on consolidated basis stood at Rs 638.42 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 693.82 crore in the same quarter of the previous fiscal. The total expenses of the company on consolidated basis for the entire fiscal 2019-20 stood at Rs 2,594.12 crore as compared to Rs 2,618.95 crore in the previous fiscal.

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