TCI's FY07 net up 52 per cent
New Delhi, May 22 (UNI) Transport Corporation of India (TCI) today clocked a whopping 52 per cent jump in its net profit at Rs 30.15 crore for the fiscal ended March 31, 2007 against Rs 19.83 crore for the same period last fiscal.
The net sales of the company registered 20 per cent jump to Rs 1,089 crore for the same period in comparison to Rs 907 last fiscal.
Talking
about
TCI's
phenomenal
growth
in
FY06-07,
company's
Vice
Chairman
and
Managing
Director
D
P
Agrawal
said,
''We
have
witnessed
a
significant
growth
this
year
that
has
enabled
us
to
become
a
Rs
12,00
crore
group.''
On
the
future
outlook
of
the
company,
he
said,
''We
are
growing
at
15
to
20
per
cent
year-on-year
and
with
our
aggressive
investment
plans,
we
aim
at
a
steady
growth
of
25
to
30
per
cent.''
''We
are
extremely
bullish
about
the
mounting
demand
from
retail
companies
and
are
looking
at
deriving
a
major
chunk
of
our
business
from
this
sector.
Apart
from
investing
for
capacity
augmentation
and
infrastructure
upgradation,
we
plan
to
expand
our
network
both
nationally
and
globally.''
UNI