TCI reports 9.4% revenue growth in FY26

Transport Corporation of India Limited reported a 9.40% increase in consolidated revenue to ₹49,650 Mn for the financial year ended March 31, 2026. Consolidated profit after tax grew 10.53% to ₹4,599 Mn, compared to ₹4,161 Mn in the previous year.

On a standalone basis, revenue increased 7.24% to ₹43,526 Mn from ₹40,588 Mn in the previous year. Profit after tax rose 12.15% to ₹4,440 Mn from ₹3,959 Mn.

The Board has recommended a final dividend of ₹1 per equity share of face value ₹2 each, subject to shareholder approval at the upcoming Annual General Meeting. The record date for the dividend is Friday, July 17, 2026.

Financial Performance

The company’s financial performance for FY26 reflects growth across both standalone and consolidated operations, driven by its integrated logistics capabilities.

Particulars	Standalone (₹ in Mn)	Consolidated (₹ in Mn)
Total Income	43,526	49,650
EBITDA	6,087	6,500
Net Profit	4,440	4,599

Operational Highlights

The company’s operational scale includes over 10,000 trucks, 2,800+ rail rake movements and six coastal vessels. It manages 17 Mn sq. ft. of warehousing space and handles 750+ ISO containers.

Strategic Initiatives

During the year, the company advanced its technology-led transformation through AI-enabled control towers and predictive analytics. It also progressed on sustainability goals, including the adoption of cleaner fuels and multimodal transportation to reduce carbon intensity.

The 31st Annual General Meeting is scheduled for Thursday, July 30, 2026, at 10:15 AM (IST) through Video Conferencing.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.90%	-0.20%	-4.07%	-11.50%	-20.08%	+135.85%

Transport Corporation of India Ltd has set Monday, July 20, 2026, as the deadline for shareholders to submit documents to determine the applicable Tax Deduction at Source (TDS) rate for the final dividend of Re 1 per equity share for FY26. The dividend, recommended by the Board on May 26, 2026, is subject to shareholder approval at the 31st Annual General Meeting (AGM) scheduled for Thursday, July 30, 2026. The record date to determine eligibility is Friday, July 17, 2026.

The company will deduct tax at source in accordance with the Income Tax Act, 2025, with rates varying based on the shareholder's residential status and documentation. Resident shareholders with a valid Permanent Account Number (PAN) linked to Aadhaar face a 10% deduction, while those without a valid PAN will be taxed at 20%. Resident individuals may submit Form 121 for nil deduction, provided the total dividend during the tax year 2026-27 does not exceed ₹ 10,000.

TDS Rates for Resident Shareholders

Category of Shareholder	Tax Deduction Rate	Key Requirement
Valid PAN holder	10%	PAN must be linked with Aadhaar where applicable.
Without/Invalid PAN	20%	N/A
Form 121 submitted	NIL	Declaration required; total dividend must not exceed ₹ 10,000.

Non-Resident Shareholders, including Foreign Institutional Investors (FII) and Foreign Portfolio Investors (FPI), will be taxed at 20% plus surcharge and cess, unless a lower rate applies under a Double Taxation Avoidance Agreement (DTAA). To claim the DTAA rate, shareholders must submit a Tax Residency Certificate (TRC), Form 41, and self-attested copies of their PAN. Specific declarations are required for FIIs, Alternative Investment Funds, and Sovereign Wealth Funds.

Shareholders holding physical shares must ensure their bank account details, PAN, and contact information are updated with the registrar, KFin Technologies Limited, to receive dividend payments electronically. Those holding shares in demat mode must update details directly with their Depository Participant. Failure to submit the required documents by July 20, 2026, will result in TDS deduction at the higher applicable rate without further communication.