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