TCI Express Limited is an express cargo logistics company with its own set up across India. It carries distribution through various modes of transport and is specialized in offering time definite solutions.
Q3 FY26 Earnings Results
- Revenue from Operations: ₹314.05 cr, +6.0% YoY (vs ₹296.32 cr in Q3 FY25), steady logistics demand underpinning revenue growth.
- EBITDA / Operating Profit: ₹26.4 cr, +12% YoY; Operating Margin: 8.4%, reflects disciplined cost control amid network scaling.
- PAT: ₹220.3 mn (₹22.03 cr), +14.8% YoY; EPS: ₹5.74 basic, +14.8% YoY, profit growth outpaced revenue expansion.
- Other key metrics: 9M FY26 Revenue: ₹909.3 cr (marginal YoY increase), 9M PAT: ₹69.1 cr (slight YoY variation depending on consolidation basis).
Management Commentary & Strategic Decisions
- Dividend Declaration: Board approved an interim dividend of 350% (₹7.00 per equity share) for FY26 with record date 07 Feb 2026, signaling confidence in cash flows.
- GST Matter Highlight: Company disclosed a GST demand order of ₹51.36 cr, with management expressing confidence that appellate proceedings will yield a favourable outcome and no adverse financial impact anticipated.
- Operational Notes: Leadership emphasised improving profitability trends and cost efficiencies within express logistics services, with EBITDA and PAT growing faster than revenue, reflecting pricing power and network leverage. (Inferred from earnings trends).
- Investor Communication: An earnings presentation was filed with exchanges to improve transparency on financial performance and strategic positioning.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹312.77 cr, flat YoY/-0.4% YoY but +7.7% QoQ, top line moderated amid GST rate changes.
- EBITDA: ₹39 cr, 12.4% margin, stable profitability metrics.
- PAT: ₹25 cr, -4% YoY; PAT Margin: 8.1%.
- EPS (Q2 FY26): ₹6.23 vs ₹6.49 in Q2 FY25, modest YoY decline.
Management Commentary Q2
- Management noted that GST rate cuts and related operational adjustments muted volume and revenue growth in Q2, with management expecting these effects to be temporary and to improve in H2 FY26.
- Cost discipline and stable margin maintenance were highlighted despite top-line headwinds, reinforcing earnings quality during a transitional GST environment.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.