The Board of Directors of TCIEXPRESS, a specialist and leader in express distribution in India, in its meeting held recently, has taken on record the Financial Results FY2016-17 ended March 31, 2017. For the quarter, net revenues increased robustly by 15 per cent to Rs 203.12 crore. EBIDTA for this quarter of FY-16-17 stood at Rs 19.33 crore with the growth of 30 per cent over last year. With this increase in revenues, Profit After Tax (PAT) jumped by 56 per cent to Rs 12.25crore for Q4 FY16-17 over the corresponding period of last year.

For the financial year ended March 31, 2017, net revenues increased by 14 per cent to Rs 755.09 crore. EBIDTA for FY2017 stands at Rs 67.63 crore with the growth of 24 per cent over last year. PAT also jumped by 44 per cent to Rs 40.71 crore for FY2017 over last financial year.

Commenting on the results, Chander Agarwal, Managing Director, TCIEXPRESS said, ?The results are looking optimistic. This quarter has proven beneficial for us with 56 per cent of growth in PAT. The supportive business and policy environment is an enabler and we look forward to changes that can help us propel growth further and be a partner to India?s economic development.?