Tiger Logistics (India) Limited , a leading international logistics company, has announced its unaudited financial results for Q2 and H1 FY26, ending September 30, 2025. The company has demonstrated strong growth and improved profitability, showcasing its resilience and operational efficiency in the dynamic logistics sector.

Key Financial Highlights

Quarterly Performance

Tiger Logistics has shown remarkable improvement in its Q2 FY26 performance compared to the previous quarter. The company's revenue surged by 64.6% quarter-on-quarter (QoQ) to ₹16,873.10 lakhs, indicating a strong recovery across all business verticals. This growth also represents a 5.3% increase year-on-year (YoY), reflecting the company's ability to capitalize on improving market conditions.

The company's profitability metrics have shown even more impressive gains. EBITDA for Q2 FY26 rose by 88.9% QoQ, with margins expanding to 6.6%. This significant improvement in operational efficiency can be attributed to disciplined cost control measures and effective operating leverage across all business segments.

Profit After Tax (PAT) for the quarter increased by 83.1% QoQ and 14.4% YoY, reaching ₹861.90 lakhs. The PAT margin stood at a healthy 5.1%, demonstrating the company's ability to translate top-line growth into bottom-line results.

Half-Yearly Performance

For the first half of FY26, Tiger Logistics reported a total revenue of ₹27,125.00 lakhs, marking a 3.8% increase YoY. This growth, while modest, is particularly noteworthy given the softer performance in Q1, which was affected by challenges in the air logistics segment.

The company's EBITDA for H1 FY26 stood at ₹1,703.00 lakhs, up 22.0% YoY, with margins showing consistent improvement from Q1. This indicates that the company has successfully implemented strategies to enhance operational efficiency and profitability.

PAT for the half-year reached ₹1,333.00 lakhs, representing a 9.6% increase YoY. This growth in profitability, despite a challenging start to the fiscal year, underscores the company's resilience and adaptability in a dynamic market environment.

Management Commentary

Harpreet Singh Malhotra, Chairman and Managing Director of Tiger Logistics, expressed satisfaction with the company's performance. He stated, "The second quarter reflects strong and broad-based operational momentum. Q2 FY26 revenue grew 64.6% QoQ and 5.3% YoY, driven by a clear rebound in demand across all verticals."

Malhotra also highlighted the company's improved operational efficiency, noting the significant increases in EBITDA, EBIT, and PAT. He attributed these gains to disciplined cost control and effective operating leverage.

Looking ahead, Malhotra expressed optimism about the sector's fundamentals, citing increasing logistics activity, rising fleet utilization, and healthier goods movement. He also pointed to favorable factors such as improved monsoons and recent policy measures that are expected to boost freight volumes.

Industry Outlook

The logistics sector in India appears to be on a positive trajectory. The formalization of the sector is accelerating, driven by stricter GST enforcement and mandatory e-invoicing. These developments are creating expanded opportunities for organized players like Tiger Logistics.

With its strengthened financial base in H1 FY26, Tiger Logistics is well-positioned to capitalize on the favorable industry environment. The company's focus on operational efficiency, coupled with its broad-based growth across verticals, suggests that it is poised for continued success in the coming quarters.

As the logistics sector continues to evolve, Tiger Logistics' strategic initiatives, including its proprietary freight booking and management platform "FreightJar," launched in 2023, may provide additional avenues for growth and market differentiation.

Investors and industry observers will be keen to see if Tiger Logistics can maintain this growth momentum in the second half of FY26, particularly in light of the positive sector outlook and the company's strengthened financial position.

Tiger Logistics (India) Limited , a prominent player in India's international logistics sector, has taken a significant step towards advancing India's clean energy ambitions. The company recently signed a Memorandum of Understanding (MoU) with H2 Invest Limited Liability Company, a Russian hydrogen technology enterprise, to collaborate on transportation and storage infrastructure for liquid hydrogen in India.

Key Highlights of the Partnership

• Collaboration Focus: The partnership aims to introduce cryogenic tanks for liquid hydrogen storage and transportation in India.
• Technology Integration: H2 Invest's CryoSafe container technology will be integrated into India's hydrogen value chain.
• Multimodal Transportation: The joint venture will enable liquid hydrogen transportation via truck, railway, and container ships.
• Technology Transfer: The agreement includes provisions for technology transfer and local manufacturing.
• Alignment with National Goals: This initiative supports India's National Green Hydrogen Mission, positioning the country as a global hub for green hydrogen production and utilization.

Strategic Implications

The collaboration between Tiger Logistics and H2 Invest is poised to create a significant impact on India's emerging hydrogen economy. By combining global hydrogen technology with Indian logistics expertise, the partnership aims to develop scalable and sustainable solutions for the industry.

Harpreet Singh Malhotra, Chairman & Managing Director of Tiger Logistics, emphasized the importance of this partnership, stating, "Hydrogen is the energy of the future, and its safe and efficient transportation will be key to realizing India's clean energy ambitions."

Scope of the Joint Venture

The proposed joint venture will serve as a technology and manufacturing platform for hydrogen logistics. Its key objectives include:

1. Enabling the production and deployment of cryogenic tanks and storage systems
2. Serving both domestic and international markets
3. Supporting the development of a robust hydrogen supply chain in India

Key Components of the MoU

This strategic partnership marks a significant milestone in India's journey towards a hydrogen-based economy. As the country accelerates its shift toward clean energy, the development of specialized logistics capabilities for hydrogen will play a crucial role in ensuring its industrial viability and nationwide adoption.

The collaboration between Tiger Logistics and H2 Invest demonstrates the growing importance of international partnerships in advancing India's clean energy goals and positions the country as a potential leader in the global hydrogen market.