Net profit for Transport Corp. of India fell 28 percent to $2.4 million in the January-March quarter of fiscal 2008-09 ended March 31.
Revenue totaled $69 million, down from $70 million, the company said in an earnings statement on Friday.
TCI, the country’s leading integrated supply chain and logistics services provider, posted net profit of $7.08 million for fiscal 2008-09, up 1.06 percent from $7 million the previous year.
Income from operations rose to $288 million, from $265 million.
The company earlier announced plans to invest nearly $50 million in trucks and ships over the next two years, and open offices in China, Thailand and several European countries to accelerate its activities in global markets.
Gurgaon-based TCI currently has a fleet of more than 6,000 trucks and five container vessels for coastal services, operating through a network of some 1,200 branches.
Revenue totaled $69 million, down from $70 million, the company said in an earnings statement on Friday.
TCI, the country’s leading integrated supply chain and logistics services provider, posted net profit of $7.08 million for fiscal 2008-09, up 1.06 percent from $7 million the previous year.
Income from operations rose to $288 million, from $265 million.
The company earlier announced plans to invest nearly $50 million in trucks and ships over the next two years, and open offices in China, Thailand and several European countries to accelerate its activities in global markets.
Gurgaon-based TCI currently has a fleet of more than 6,000 trucks and five container vessels for coastal services, operating through a network of some 1,200 branches.