TCI Express

TCI Express reported revenue of Rs. 312 crores for Q2 FY26 compared to Rs. 314 crores in the same quarter last year, with EBITDA at Rs. 39 crores (12.4% margin) and profit after tax of Rs. 25 crores (8.1% margin). For H1 FY26, total income was Rs. 602 crores versus Rs. 609 crores in the previous year. The company handled 2.5 lakh tons of cargo in Q2, with volumes remaining flat due to GST rate cuts causing supply chain disruptions and continued challenges in the MSME segment. Surface Express division, the largest revenue contributor, faced headwinds from reduced manufacturing activity in paper and plastic industries. However, other segments showed strong growth - Rail Express grew 25% year-on-year, International Air Express expanded 40%, and C2C Express recorded 15% growth. The company opened 35 new branches during the quarter and leased a larger sorting center in Mumbai. Management expects volume growth of 8% and revenue growth of 10% for the full year, with margins targeting 12.5% plus. TCI Express maintains a debt-free status with liquid assets of Rs. 150 crores and spent Rs. 28 crores on capex in H1 FY26.

TCI Express is expanding its logistics network through automation and infrastructure development. The company is implementing AI-enabled sorting centers at Gurugram and Pune facilities, which are expected to improve throughput by 40%. The expansion strategy includes adding over 100 branches and growing pharma cold-chain services. TCI Express operates with a fully containerized fleet and digital tracking systems to support faster delivery and cost efficiency in B2B logistics operations.

TCI Express Limited announced its unaudited financial results for the quarter ended September 30, 2025. The company reported net sales of Rs 308.53 crores for the quarter, with net profit after tax of Rs 25.15 crores. The Board approved the acquisition of 100% equity shares of TCI Global (Singapore) Pte. Ltd. for up to SGD 18,000 through its wholly owned subsidiary TCI Express Pte. Ltd. This strategic acquisition aims to enhance the company's regional presence and strengthen global logistics operations. Additionally, the Board approved issuing a corporate guarantee of up to SGD 5 million to DBS Bank Limited on behalf of TCI Express Pte. Ltd. to secure banking facilities. The acquired Singapore entity, incorporated in 2006, operates in transport and logistics services but has recorded no turnover in the last three financial years.