TCI Express Limited has announced its upcoming board meeting scheduled for February 3, 2026, where directors will deliberate on the company's third quarter financial performance for FY26. The meeting represents a key milestone in the company's quarterly reporting cycle as it prepares to unveil its financial results for the period ended December 31, 2025.

Board Meeting Details

The board meeting has been convened in compliance with Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The comprehensive agenda includes consideration and approval of unaudited financial results covering both standalone and consolidated statements.

Trading Window Closure

As part of regulatory compliance measures, TCI Express Limited has implemented a trading window closure for its equity shares. The restriction came into effect on January 1, 2026, following the company's earlier communication dated December 27, 2025. This closure will remain in place until 48 hours after the official declaration of the financial results.

Regulatory Compliance and Transparency

The company has ensured full transparency by making this information accessible through multiple channels. The intimation has been formally communicated to both the National Stock Exchange of India Limited and BSE Limited, covering all necessary regulatory requirements. Additionally, stakeholders can access detailed information through the company's official website, demonstrating TCI Express Limited's commitment to maintaining transparent communication with investors and regulatory bodies.

The scheduled board meeting underscores the company's adherence to corporate governance standards and its commitment to timely financial disclosure as mandated by securities regulations.

TCI Express , a leading express logistics provider, reported a flat revenue performance for Q2, with total income at Rs. 312.00 crores compared to Rs. 314.00 crores in the same quarter last year. The company faced headwinds from GST rate cuts and challenges in the MSME segment but saw strong growth in its newer verticals.

Financial Highlights

• Revenue: Rs. 312.00 crores (Q2) vs Rs. 314.00 crores (Q2 previous year)
• EBITDA: Rs. 39.00 crores with a 12.4% margin
• Profit After Tax: Rs. 25.00 crores with an 8.1% margin
• H1 Total Income: Rs. 602.00 crores vs Rs. 609.00 crores in H1 previous year

Operational Performance

The company handled 2.5 lakh tons of cargo in Q2, with volumes remaining flat. The Surface Express division, TCI Express' largest revenue contributor, faced challenges due to reduced manufacturing activity in paper and plastic industries. However, other segments showed promising growth:

• Rail Express: 25% year-on-year growth
• International Air Express: 40% expansion
• C2C Express: 15% growth

Strategic Initiatives

TCI Express continued its expansion efforts during the quarter:

• Opened 35 new branches (25 for Rail Express, 10 for Surface Express)
• Leased a larger sorting center in Mumbai, tripling the size of the existing facility
• Maintained focus on network productivity and cost optimization

Management Commentary

Chander Agarwal, Managing Director of TCI Express, stated, "The second quarter showed consistent progress over the previous quarter, supported by stable volumes, network expansion, and growing contribution from our multimodal services."

Mukti Lal, Executive Director and CFO, added, "We are targeting to increase our margin from 11.5% to 12.5%-13% in the remaining two quarters. For the whole year, we aim to finish around 12.5% plus."

Future Outlook

Management expects:

• Volume growth of 8% for the full year
• Revenue growth of 10% for the full year
• Margins targeting 12.5% plus

The company maintains a debt-free status with liquid assets of Rs. 150.00 crores and spent Rs. 28.00 crores on capex in H1.

Segment-wise Performance

TCI Express is focusing on expanding into new verticals such as defense, EV, and solar energy to align with emerging trends and growth opportunities in the logistics space. The company has already signed an agreement with an EV vehicle provider in South India, with volumes expected to start from November.

Despite short-term challenges, TCI Express remains optimistic about its growth prospects, banking on its multimodal capabilities, technology integration, and disciplined approach to cost management and capital allocation.