Q4 2024 TCI Express Ltd Earnings Call Transcript
Key Points
- TCI Express Ltd (BOM:540212) maintained stable margins and consistent capacity utilization despite operational challenges.
- The company recommended a final dividend of INR2 per share, bringing the total dividend for FY24 to INR8 per share, a 400% payout on the face value.
- Significant interest and growth in the Rail Express segment, with over 125 routes now operational.
- Successful implementation of AI-enabled automation at the Pune sorting center, enhancing operational efficiency and reducing errors.
- Recognition and awards for sustainability and excellence, including a gold rating in the LEEDv4 BD+C Warehouses and Distribution Centres rating system and being named the best B2B logistics partner by Royal Enfield.
- Volume growth for Q4 FY24 was negative, with a 2% decline year-over-year.
- Overall revenue growth for FY24 was muted, with only a 1% increase compared to the previous year.
- Challenges in the consumption sector, particularly in textiles and electronics, impacted overall growth.
- The company faced high inventory levels among B2B customers, leading to reduced dispatches and lower volumes.
- Despite investments in technology and infrastructure, the company did not achieve significant top-line growth, raising concerns about market share and competitiveness.
Good day, ladies and gentlemen. It's my pleasure to welcome you on behalf of TCI Express Limited and SKP Securities to TCI Express Limited's Q4 FY24 and FY24 earnings webinar.
We have with us Mr. Chander Agarwal, Managing Director, along with his colleagues, Mr. Mukti Lal, CFO; and Mr. Hemant Srivastava, COO, Non-Surface Express business.
This webinar is being recorded for compliance reasons, and during their discussion, there may be certain forward-looking statements, which must be viewed in conjunction with the risks that the company faces.
I now hand over to webinar to Mr. Agarwal for his opening remarks, which will be followed by a Q&A session. Thank you, and over to you, Chander.
Good evening, ladies and gentlemen. I want you to -- I welcome you to the Q4 and financial year '24 earnings conference call of TCI Express.
Let me start by giving you a brief summary of the economic conditions we
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