Jefferies Maintains Buy Rating on TCI Express, Trims Target Price to ₹635 from ₹805 2 days ago
Jefferies has maintained a Buy rating on TCI Express while lowering its target price to ₹635 from ₹805. The brokerage cites a continued recovery, management's guidance for single-digit volume growth for June 2026, and valuations near historic lows as key positives. Additionally, the possibility of capital expenditure spillover into FY28 is flagged as a factor to watch. The revised target reflects recalibrated expectations while the Buy stance underscores Jefferies' overall confidence in the stock's outlook.
TCI Express Limited reported a 1.7% decrease in total income to Rs. 290.20 crore for Q1 FY2026. EBITDA stood at Rs. 33.40 crore with an 11.5% margin, while PAT decreased by 9.0% to Rs. 21.00 crore. The company maintained stable direct costs in Surface Express, achieved 82% capacity utilization, and added 10 new branches. International Air Express segment grew by 33.25% year-on-year. The company faced challenges including modest domestic volume growth and elevated freight rates. TCI Express plans to expand infrastructure, strengthen service capabilities, and scale its Air Express network.
30May 25
TCI Express Q4 Results: EBITDA and Net Profit Decline Amid Revenue Uncertainty; Declares Rs 2 Per Share Dividend
TCI Express reported a mixed Q4 performance with significant declines in key metrics. EBITDA fell 40.85% to ₹265 million, while net profit decreased 38.61% to ₹194 million year-over-year. The EBITDA margin compressed to 8.63% from 14.05%. Current quarter revenue was not disclosed. The company announced a dividend of 2 rupees per share.