TCC Concept Limited Reports Robust Q1 Performance with 406% Surge in Standalone Profit
TCC Concept Limited announced impressive Q1 financial results. Standalone revenue from operations increased by 233.9% to ₹1,077.54 lakhs, while profit after tax grew by 406.1% to ₹685.80 lakhs. Consolidated revenue rose by 87.3% to ₹2,210.98 lakhs, with profit after tax up 73.4% to ₹941.80 lakhs. The company's three main segments - Brokerage & Other Services, Rental & Leasing of Equipment, and Information Technology Services - all contributed to growth. Management attributed the strong performance to robust growth across all business segments.
TCC Concept's board of directors has approved a proposal to list the company on the National Stock Exchange (NSE) of India. This strategic move aims to expand market presence, potentially increase liquidity, and broaden the investor base. Specific details about the listing process, timeline, and whether it involves fresh issue of shares or offer for sale are yet to be disclosed.