TCI Express Share Price

Warehousing & Logistics company TCI Express announced Q4FY26 & FY26 results Consolidated Financial Highlights: Net Sales / Income from Operations: For Q4FY26, the revenue stood at Rs 328.08 crore, registering a growth of 6.77% YoY compared to Rs 307.28 crore in Q4FY25, and an increase of 4.47% QoQ against Rs 314.05 crore in Q3FY26. For the full year FY26, revenue increased by 2.41% YoY to Rs 1,237.41 crore from Rs 1,208.27 crore in FY25. Total Income: The total income for Q4FY26 was reported at Rs 331.85 crore, up by 5.88% YoY from Rs 313.41 crore in Q4FY25, and up by 4.51% QoQ from Rs 317.54 crore in Q3FY26. For FY26, total income reached Rs 1,252.67 crore, marking a 2.53% YoY growth over Rs 1,221.71 crore in FY25. Profit Before Tax (PBT): PBT (Profit from ordinary activities before tax) for Q4FY26 declined to Rs 22.51 crore, down by 13.42% YoY compared to Rs 26.00 crore in Q4FY25, and down by 24.00% QoQ from Rs 29.62 crore in Q3FY26. Annual PBT for FY26 decreased by 4.18% YoY, reaching Rs 110.36 crore against Rs 115.18 crore in FY25. Net Profit: The net profit for Q4FY26 was Rs 16.03 crore, reflecting a decline of 17.20% YoY from Rs 19.36 crore in Q4FY25, and a decrease of 27.24% QoQ from Rs 22.03 crore in Q3FY26. Net profit for FY26 declined by 5.10% YoY to Rs 81.43 crore from Rs 85.81 crore in FY25. Standalone Financial Highlights:: Net Sales / Income from Operations: For Q4FY26, the revenue stood at Rs 326.83 crore, registering a growth of 6.29% YoY compared to Rs 307.49 crore in Q4FY25, and an increase of 4.07% QoQ against Rs 314.05 crore in Q3FY26. For the full year FY26, revenue increased by 2.31% YoY to Rs 1,236.16 crore from Rs 1,208.27 crore in FY25. Total Income: The total income for Q4FY26 was reported at Rs 331.12 crore, up by 5.77% YoY from Rs 313.05 crore in Q4FY25, and up by 4.41% QoQ from Rs 317.13 crore in Q3FY26. For FY26, total income reached Rs 1,250.42 crore, marking a 2.40% YoY growth over Rs 1,221.14 crore in FY25. Profit Before Tax (PBT): Standalone PBT for Q4FY26 stood at Rs 27.25 crore, marginally down by 0.22% YoY from Rs 27.31 crore in Q4FY25, and down by 10.57% QoQ from Rs 30.47 crore in Q3FY26. Annual PBT for FY26 decreased slightly by 1.14% YoY to Rs 118.77 crore compared to Rs 120.14 crore in FY25. Net Profit: Standalone net profit for Q4FY26 was Rs 20.77 crore, showing a slight increase of 0.48% YoY from Rs 20.67 crore in Q4FY25, but a decrease of 9.22% QoQ from Rs 22.88 crore in Q3FY26. Net profit for FY26 declined by 1.02% YoY, reaching Rs 89.84 crore from Rs 90.77 crore in FY25. Business Highlights: Segment-wise Performance: The disclosure requirements of Segment Reporting are not applicable as the company's main business activity falls within a single primary business segment, namely "Express Cargo". Exceptional Items: The company recorded an exceptional item representing an impairment of investment amounting to Rs 2.28 crore for the quarter and year ended March 31, 2026. Subsidiary Operations: The consolidated figures include the financial results of the holding company's subsidiaries: TCI Express Pte. Ltd. and TCI Global (Singapore) Pte. Ltd. (w.e.f. January 26, 2026). Tax/Regulatory Update: In FY25, a demand order raised a GST tax liability of Rs 51.36 crore along with applicable interest and penalty for the period July 2017 to March 2022. This was due to the non-payment of GST under the Reverse Charge Mechanism (RCM) on GTA supplies received from transporters. An appeal preferred before the Commissioner (Appeals) CGST was rejected on December 30, 2025. The company intends to appeal further and is confident of prevailing against the department's position. Chander Agarwal, Managing Director, TCI EXPRESS, said: “TCI EXPRESS continued its positive business momentum during Q4FY26, delivering sequential improvement and maintaining growth for the second consecutive quarter. Demand remained encouraging across sectors such as pharmaceuticals, automotive, engineering, renewable energy and SME-led shipments. While the operating environment remained challenging due to geopolitical tensions in West Asia, elevated airline ATF prices, rising labour costs and temporary disruptions arising from voter-related SIR activities across select markets, our diversified multimodal network and customer-centric approach enabled us to deliver resilient performance while maintaining stable margins.” “Surface Express remained the largest contributor to our business during the quarter, supported by customer additions, stronger traction across industrial shipments and growing demand from key sectors. During the quarter, we expanded our branch network and strengthened our last-mile delivery capabilities across key regions. We also commissioned the upgraded Nagpur sorting centre with enhanced handling capacity and improved processing efficiency, positioning us to support higher cargo volumes and faster turnaround times.” “Our other business verticals also delivered encouraging performance. Rail Express recorded strong growth driven by increasing adoption of rail-based cargo movement and expansion across key longhaul corridors. Domestic Air Express continued to benefit from improved airport connectivity, route optimisation and growing movement of pharmaceutical and temperature-sensitive cargo. International Air Express further expanded its global reach through customer additions, international partnerships and cargo consolidation initiatives. The C2C and E-Commerce Express segments also maintained healthy momentum, supported by higher industrial movement, D2C volumes and the continued expansion of last-mile delivery operations.” “FY2026 was an important milestone year for TCI EXPRESS as we crossed the Rs 10 billion balance sheet milestone and handled more than one million tonnes of cargo during the year. These achievements reflect the scale of our operations, the strength of our network and the trust placed in us by our customers. We continued to maintain a debt-free balance sheet while remaining focused on operational efficiency, liquidity management and disciplined capital allocation. Reflecting our strong financial position and commitment to shareholder value creation, the Company also declared a higher dividend during the year.” “Looking ahead, we remain focused on strengthening its multimodal logistics capabilities, expanding technology-enabled operations and enhancing customer engagement across service verticals. Our priorities include infrastructure expansion, scaling rail-led logistics solutions, increasing automation, specialised cargo movement and further development of our B2C network. While geopolitical uncertainties and elevated fuel prices may continue to create near-term challenges for the logistics sector, we remain confident in our long-term growth opportunities and committed to delivering reliable, efficient and customer-centric logistics solutions.” Result PDF

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Conference Call with TCI Express Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.

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