TSC India Limited reported a revenue of ₹2851 lakh for the financial year ended March 31, 2026, reflecting a 10.58% increase compared to the previous year. The company recorded a Profit After Tax (PAT) of ₹438 lakh, while its EBITDA stood at ₹669 lakh, corresponding to an EBITDA margin of 23.45%. The Gross Transaction Value (GTV) reached ₹1,06,336 lakh, supported by a total of 220,450 bookings processed during the period.

The filing, submitted to the National Stock Exchange of India under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines the company's operational and financial performance for the half year and full year ended March 31, 2026. TSC India Limited operates as a B2B travel management company specializing in air ticketing services, utilizing a commission-based revenue model.

Financial Performance

The company’s financial metrics for FY26 indicate growth in top-line figures alongside specific margin adjustments. Total expenses for the year amounted to ₹2183 lakh. Finance costs were recorded at ₹150 lakh, while depreciation and amortization expenses stood at ₹55 lakh. The Diluted Earnings Per Share (EPS) for the year was ₹2.87.

Operational Metrics

Operational data highlights a significant scale in transaction volume. The company reported a take rate of 2.68% for FY26. The top five suppliers contributed 51.31% to the GTV. Trade receivables were managed at 3.40% of GTV, with receivable days calculated at 12 days based on a 365-day year.

Balance Sheet Highlights

The balance sheet for FY26 shows a strengthened equity base. Total equity increased to ₹4490 lakh from ₹1583 lakh in the previous year, while total assets grew to ₹9794 lakh. Non-current assets were recorded at ₹2320 lakh, and current assets stood at ₹7475 lakh. The net debt to equity ratio improved to 0.24x.

Jalandhar-based TSC India Limited reported its audited financial results for the financial year ended March 31, 2026, revealing a divergence between volume growth and profitability. The company, an integrated ticketing and B2B travel services provider, saw its Gross Transaction Value (GTV) surge by 31.95% to ₹1,06,336 crore, while revenue from operations increased by 10.58% to ₹2,851.00 crore. However, Profit After Tax (PAT) declined by 5.18% to ₹438.08 crore, and EBITDA margins contracted to 23.45% from 29.95% in the previous year, impacted by geopolitical turbulence and operational costs.

FY26 Financial Performance

The full-year financial statements, audited by Rishab Aggarwal & Associates, Chartered Accountants, reflect the pressure on margins despite top-line growth. The Board of Directors approved the results at a meeting held on May 30, 2026. The following table summarises the key consolidated financial metrics:

Operational Highlights and Strategic Outlook

Mr. Ashish Kumar Mittal, Managing Director, attributed the margin compression to exogenous factors, specifically the geopolitical disruption in the Middle East, which disrupted aviation routes and increased fuel cost volatility. He emphasised that the company's business model remains robust, noting that TSC India has historically navigated crises such as SARS, the 2008 financial collapse, and the COVID-19 pandemic to emerge stronger.

Looking ahead to FY2027, the management outlined strategic priorities including deepening airline partnerships, expanding the agent distribution network into Tier 2 and Tier 3 geographies, and investing in booking technology. The company also intends to maintain balance-sheet strength to pursue consolidation opportunities as the market normalises.

Corporate Developments

During the year, TSC India completed the acquisition of 100% of the equity share capital of GITHM Private Limited, a travel services company, on March 11, 2026. The consideration was discharged entirely through the issue of equity shares, making GITHM a wholly-owned subsidiary. Additionally, the company utilised the full proceeds of its Initial Public Offering (IPO) amounting to ₹2,588.60 lakh for working capital, general corporate purposes, and issue-related expenses.