Transport Corporation of India Ltd., India’s largest integrated supply chain and logistics solutions provider, today announced its financial results for the six months ended September 30, 2007. The company registered a jump of 22% in Operating Profits in the half year ended September 30, which increased to Rs.3900 lacs from Rs.3189 lacs in the corresponding period last year. Total revenue excluding fuel pumps (under hive off) registered a growth of over 19% at Rs 55577 lacs as against Rs. 46617 lacs.

For the second quarter ending September 30, 2006-07, the operating Profit rose by 17%, to Rs. 1926 lacs from Rs. 1650 lacs in the same period last year.

Speaking on the occasion, Mr D P Agarwal, Vice Chairman and Managing Director TCI said, “The growth in overall business has been in line with our expectations, with all divisions, from trucking, express, shipping to supply chain solutions.”

PAT for H1 has shown a decline by 20% at Rs 1050 lacs against Rs 1313 lacs during H1 FY 2006-07. This happened primarily due to higher depreciation / interest on a new ship added during March 2007. Besides during the current fiscal, 3 of the 5 ships are undergoing dry dock leading to higher repair charges vis a vis last year, he further added.

Group TCI recently concluded a deal with FII Funds (Mauritius Ltd) for equity stake in the Company aggregating to Rs.52. 62 crores through the issue of Equity Shares. The development was in line with the Group’s strategy to partly fund the ongoing capex plans of Rs.440 crore starting 2006-07 through 2009-10.