Tiger Logistics (India) Ltd (BSE: 536264, NSE: TIGERLOGS) shares ended higher on Thursday after the firm reported third-quarter results, with the stock closing near current levels of around ₹33.1 at the latest market close, marking an intraday rise from prior session benchmarks. The stock traded within a range of about ₹33.10 to ₹33.94 on recent sessions, registering a modest uptick on volume. At the latest close, the company’s market capitalization stood around ₹340 crore to ₹350 crore.
Third-Quarter FY26 Results
For the quarter ended 31 December 2025 (Q3 FY26), Tiger Logistics reported consolidated revenue from operations of ₹13,902 lakh and net profit of ₹594 lakh (about ₹5.94 crore), both lower compared with the year-ago period when revenue was approximately ₹16,046 lakh and profit was ₹842 lakh for Q3 FY25. Year-over-year, revenue declined and net profit contracted during the period. Basic earnings per share for the quarter were reported at around ₹0.58 versus ₹0.81 a year earlier.
Year-to-Date Results
For the nine-month period ending 31 December 2025, Tiger Logistics posted revenue of around ₹41,027 lakh and net profit of approximately ₹1,926 lakh. These figures signalled a contraction compared with the equivalent nine-month period in FY25, which included revenue of about ₹42,180 lakh and profit of ₹2,058 lakh. The year-to-date figures reflect a downward trend in both top-line and bottom-line compared with the prior period.
Operational Review
Tiger Logistics operates as a third-party logistics provider with services spanning international freight forwarding (air and ocean), supply chain solutions, transportation, customs clearance, and project logistics. The company continues to leverage an asset-light model and digital platforms like its freight booking service to address evolving trade demands.
The company reaffirmed key leadership with the re-appointment of Harpreet Singh Malhotra as Chairman & Managing Director for a five-year term starting May 2026, subject to shareholder approval.
In the Q3 period, the company recorded a significant increase in TEU (Twenty-Foot Equivalent Unit) volumes year-over-year, underscoring growing cargo movement activity despite softer freight rate realizations across certain trade corridors. Operational challenges cited in commentary linked revenue trends in part to normalization of global freight rates and geopolitical impacts on shipping corridors during the period.
The broader Indian logistics sector remains supported by growth in export-import activities and infrastructure development, even as global freight rates moderate from elevated levels seen in prior quarters. Logistic demand drivers include trade recovery and diversified sector requirements, while challenges encompass rate volatility and operational cost pressures.
Equity Analyst Commentary
Institutional research summaries highlighted Tiger Logistics’ mixed Q3 FY26 results, noting revenue contraction and profit decline compared with prior periods. Analysts attributed part of the financial performance to macro freight trends and cautioned on margin pressures, while recognizing volume gains in key cargo segments. Commentary was factual and descriptive, referencing latest earnings data and observable financial metrics without forecasting.
Performance Summary
Tiger Logistics shares rose following the Q3 FY26 results announcement. The company reported ₹13,902 lakh in revenue and ₹594 lakh in net profit for Q3 FY26, with nine-month figures indicating contraction versus prior year. Operational data showed volume growth in key freight segments, offset by rate-driven softness in revenues. Financial results were accompanied by leadership continuity decisions and an earnings conference call scheduled by the company.