TCI Express reported a net profit of ₹89.84 crore for the financial year ended March 31, 2026, compared to ₹90.77 crore in the previous year. Revenue from operations for the year increased to ₹1,236.16 crore from ₹1,208.27 crore in FY25. For the quarter ended March 31, 2026, the company posted a net profit of ₹20.77 crore and revenue of ₹326.83 crore. During FY26, the company handled more than one million tonnes of cargo and maintained its debt-free balance sheet, while also crossing the ₹1,000 crore balance sheet milestone.

FY26 Financial Performance

The company's audited standalone financial results for FY26 showed a marginal decline in annual net profit despite revenue growth. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The following table summarises TCI Express's key standalone financial metrics for FY26:

Operational Highlights

TCI Express delivered steady business momentum during the year, supported by customer additions and growing traction across key industrial sectors. The company expanded its multimodal logistics network across Surface, Rail, Domestic Air, International Air, C2C and E-Commerce segments. Rail Express recorded 35% growth in Q4 FY2026, while C2C Express recorded 21% growth and Domestic Air Express delivered 18% YoY growth in the same quarter. The company commissioned an upgraded Nagpur sorting centre with enhanced handling capacity and introduced Money Back Guarantee (MBG) services across Surface, Rail and Air shipments.

Board Approvals and Appointments

The Board of Directors approved the re-appointment of Mr. Chander Agarwal as Managing Director for a term of five years effective from August 17, 2026, subject to shareholder and regulatory approvals. Additionally, the Board recommended the re-appointment of Mr. Vineet Agarwal as Director liable to retire by rotation. The Board appointed Mr. Pavan Kumar Munjuluri and Mr. Vikram Mehta as Additional Directors in the category of Non-Executive Independent Directors for a term of five years effective from May 27, 2026. Mr. Soumya Ranjan Rout was appointed as Senior Management Personnel (IT-Head). The Board also approved the grant of 46,200 stock options to eligible employees under the ESOP 2016 scheme at a price of ₹250 per option.

Auditor's Report and Disclosures

Statutory auditors Brahmayya & Co., Chartered Accountants, issued an unmodified opinion on the audited standalone and consolidated financial results. The auditors drew attention to a GST demand of ₹51.36 crore raised by the Additional Commissioner of Central Goods and Services tax, Gurugram, for the period from July 1, 2017, to March 31, 2022. The company has filed an appeal, and management stated it does not anticipate any adverse financial outcome based on underlying facts and applicable laws.

TCI Express Limited has confirmed that no encumbrance has been created on the equity shares held by its promoter and promoter group during the financial year ended March 31, 2026. The disclosure was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Dharmpal Agarwal, on behalf of the Promoter & Promoter Group, submitted the declaration to the stock exchanges on April 03, 2026.

The company stated that the confirmation is based on declarations received from the Promoter, Promoter Group, and Persons Acting in Concert (PAC). The total shareholding of the promoter and promoter group amounts to 26,687,662 equity shares, which constitutes 69.46% of the total number of shares of tci express .

Breakdown of Shareholding

The promoter and promoter group holding is divided into two main categories: Indian Individuals/Hindu Undivided Family and Body Corporate and Firm. The combined holding of these categories confirms the majority stake held by the promoters in the company.

Shareholding Details

The disclosure has been filed for the information of the exchanges and to meet the necessary regulatory requirements. The document was signed and submitted from Gurugram on April 03, 2026.