TCI Express , a leading logistics firm, is gearing up for a robust second half of the financial year, with ambitious growth plans and strategic expansions on the horizon. The company's optimistic outlook is underpinned by recent government measures and a diversification strategy aimed at capturing emerging market opportunities.

Anticipated Rebound and Growth Targets

TCI Express is projecting a significant rebound in the latter half of the financial year, buoyed by recent government initiatives. Mukti Lal, Executive Director and CFO of TCI Express, cited recent GST cuts and enhanced income tax limits as key drivers for this expected upturn. The company has set its sights on an 8-10% volume growth for FY26, a target that reflects confidence in the market's recovery and the firm's strategic positioning.

Pricing Strategy and Customer Acceptance

In addition to volume growth, TCI Express has implemented price increases, which, according to the company, have been well-received by customers. This dual approach of volume expansion and price adjustment is expected to contribute to the company's revenue growth and profitability.

Diversification and Risk Mitigation

To mitigate business concentration risk, TCI Express is broadening its service offerings. The company is expanding into multimodal services, incorporating rail and air transport alongside its existing road logistics. Additionally, it is venturing into customer-to-customer logistics, signaling a move to capture a wider market share across different segments of the supply chain.

Focus on High-Potential Sectors

TCI Express is strategically targeting high-growth sectors to drive its expansion. The company has identified solar, defense, bathware, and kitchenware as key industries with significant potential. This sector-specific approach allows TCI Express to tailor its services to meet the unique logistics requirements of these growing markets.

Capitalizing on Quick Commerce Trends

Recognizing the rapid growth of the quick commerce sector, TCI Express is positioning itself to service dark stores for FMCG, footwear, and lifestyle products in the B2B segment. This move aligns the company with evolving retail trends and opens up new revenue streams in the fast-paced e-commerce logistics space.

Sustainable Growth Strategy

Mukti Lal emphasized the company's commitment to sustainable and profitable growth, distinguishing TCI Express from newer, tech-driven logistics firms. While many emerging players focus on rapid expansion in the B2C market, TCI Express maintains its focus on the B2B sector, leveraging its established expertise and infrastructure.

SME Sector Boost

The company expects strong performance from small and medium enterprises (SMEs), which are likely to benefit significantly from the recent government measures. This anticipated boost in the SME sector could translate into increased demand for TCI Express's logistics services, further supporting the company's growth projections.

In conclusion, TCI Express is positioning itself for growth through a combination of volume expansion, strategic diversification, and focus on high-potential sectors. The company's optimistic outlook for the second half of the financial year, coupled with its targeted approach to emerging market trends, sets the stage for potentially strong performance in the coming periods.

TCI Express Limited , a leading express delivery services provider in India, has released its financial results for the first quarter of fiscal year 2026, revealing a slight decline in revenue amid challenging market conditions.

Financial Performance

For Q1 FY2026, TCI Express reported:

• Total income of Rs. 290.20 crore, down 1.7% from Rs. 295.30 crore in Q1 FY2025
• EBITDA of Rs. 33.40 crore, with a margin of 11.5%, compared to Rs. 35.80 crore and 12.1% margin in the same quarter last year
• Profit After Tax (PAT) of Rs. 21.00 crore, representing a 9.0% decrease from Rs. 23.10 crore in Q1 FY2025

Operational Highlights

Despite the revenue decline, TCI Express demonstrated resilience in its operations:

• Maintained stable direct costs in the Surface Express segment from April to June 2025
• Achieved 82% capacity utilization during the quarter
• Added 10 new branches, enhancing operational footprint and service reach
• Commissioned advanced sorting centers in Nagpur, Raipur, and Indore, spanning over 2 lakh sq. ft.
• Recorded 33.25% year-on-year growth in the International Air Express segment
• Invested Rs. 12.90 crore in capital expenditure for network expansion and IT infrastructure

Segment Performance

The company reported mixed performance across its business segments:

• Surface Express remained the largest contributor to overall business
• Rail Express continued network enhancement efforts
• Domestic Air Express expanded last-mile connectivity
• C2C Express segment grew by over 14% compared to the previous year

Management Commentary

Mr. Chander Agarwal, Managing Director of TCI Express, commented on the results: "Q1 FY2026 marked a steady beginning for TCI Express, with the Company sustaining its momentum through a disciplined operational approach and continued investments in network expansion. The performance during the quarter reflected a balanced contribution from all service verticals, supported by evolving customer needs, growing demand across industrial segments and the Company's strategic focus on multimodal logistics."

Market Challenges

The company faced several headwinds during the quarter:

• Modest domestic volume growth across key auto segments
• Elevated freight rates due to sustained operational costs
• Inflationary labor costs and higher compliance-related expenses

Future Outlook

Looking ahead, TCI Express plans to:

• Expand infrastructure and strengthen service capabilities
• Replicate automation technologies at upcoming facilities
• Expand its network of branches, service points, and delivery centers
• Drive growth in the Multimodal segment through dedicated sales initiatives
• Target complex sectors like Aerospace and Engineering
• Scale its Air Express network to extend coverage beyond metros

Corporate Developments

The company also announced several changes in its senior management:

• Appointment of Mr. Shivi Suri as Chief Operating Officer-Air Cargo (International & Domestic)
• Change in designation of Mr. Pabitra Mohan Panda to Chief Business Officer
• Change in designation of Mr. Ashok Kumar Pandey to Regional Express Manager

Additionally, TCI Express reconstituted its Board committees following the appointment of Mr. Phool Chand Sharma as an Independent Director and the demise of Mr. Ashok Kumar Ladha.

Despite the challenging market conditions, TCI Express remains focused on long-term value creation through service excellence, innovation, and strategic execution in the evolving logistics landscape.