Tejas Cargo India Limited reported a 9.4% increase in net profit to ₹20.90 crore for the financial year ended March 31, 2026, driven by a 25.2% rise in total income to ₹636.5 crore. The company's Board of Directors approved the audited financial results on May 27, 2026. Following the announcement, management held an investor earnings call on May 29, 2026, to discuss financial performance and operational highlights, with the transcript submitted to the exchange on June 04, 2026.

The standalone financial results reveal that total income for FY26 stood at ₹636.11 crore, up from ₹508.10 crore in the previous year. Profit before tax for the year was ₹28.13 crore, compared to ₹25.72 crore in FY25. The board approved the annual audited financial statements, which carry an unmodified opinion from M/s A H P N and Associates, Chartered Accountants. On a consolidated basis, the company reported a net profit of ₹20.93 crore for FY26, with consolidated revenue from operations growing to ₹628.72 crore from ₹501.29 crore.

Key Financial Metrics (Standalone)

Operational Highlights and Strategic Outlook

During FY26, the company added a total fleet of 205 vehicles, including 40 car carriers, taking the total owned fleet to 1,339 vehicles as of March 31, 2026. Fleet utilization remained at 82% for the full year, while revenue per trip improved by 9.3%. Newer business verticals comprising coal, fly ash, car carrier, and freight forwarding contributed to 5.5% of revenue in FY26. The company secured a bauxite mining logistics contract from CMDC for five years, with expected revenue of ₹35 crore to ₹40 crore excluding selling rights.

EBITDA for FY26 stood at ₹117 crore, registering a growth of 13% over FY25, with margins at 18.4%. Management noted that margins moderated due to increased market hiring costs, rising tolls, and insurance. The company's Peso license procurement capability provided a strategic advantage for diesel sourcing, though the discount reduced to 3-4% in the second half of FY26. For FY27, the company targets growth in line with FY26, driven by mining, fly ash, and EV deployment, with a potential top-line improvement of over 20% if new contracts are secured.

Board Decisions and Auditor Appointments

The Board approved the re-appointment of Ms. Aarti Arora, Chartered Accountants, as Internal Auditor for FY27. M/s Abhishek Gupta & Associates were appointed as Secretarial Auditors for the year ending March 31, 2027. The Board issued a notice of postal ballot to seek shareholder approval for increasing the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013. The statutory auditors confirmed that unutilized IPO proceeds of ₹30.76 crore were fully utilized during the quarter ended June 30, 2025, and noted a contingent liability of ₹1,100.45 lakhs in the form of Performance Bank Guarantees.

Tejas Cargo India Limited has initiated a postal ballot process to seek shareholder approval for increasing its borrowing powers to ₹800 Crores. This strategic move is designed to support the company's growing business requirements and future expansion plans by providing adequate financial flexibility for working capital, capital expenditure, and fleet expansion. The special resolutions also authorize the Board to create mortgages and charges on the company's assets up to the enhanced limit to secure the proposed borrowings.

The Board of Directors has proposed raising the aggregate borrowing limit from the previously approved ₹500 Crores to ₹800 Crores. The funds may be raised through various instruments, including term loans, working capital facilities, non-convertible debentures, and external commercial borrowings. Concurrently, the company seeks approval to empower the Board to create mortgages, hypothecations, and charges on the company's movable and immovable assets, correspondingly increasing the security creation limit from ₹500 Crores to ₹800 Crores.

The remote e-voting period is scheduled from June 2, 2026, at 9:00 a.m. IST to July 1, 2026, at 5:00 p.m. IST. The results of the postal ballot are expected to be announced on or before July 3, 2026. The postal ballot notice has been dispatched electronically to members whose email addresses are registered with Bigshare Services Private Limited, the Registrar and Transfer Agent, or with depositories as on the cut-off date of May 22, 2026.

Mr. Abhishek Gupta has been appointed as the scrutinizer to oversee the voting process. The company has stated that none of the Directors or Key Managerial Personnel have any financial interest in the proposed resolutions. The notice is also available on the company's website at www.tcipl.in .