TCI Express Limited submitted an earnings and investment presentation for Q1 FY2026-27 in compliance with SEBI Listing Regulations Regulation 30. The document provides unaudited financial results and business performance overview.

Financial Performance (Standalone)

  • Total Income: ₹315.3 crore in Q1 FY27, representing 8.7% YoY growth from ₹290.2 crore in Q1 FY26
  • EBITDA: ₹37.0 crore with 11.7% margin, showing 10.8% YoY growth from ₹33.4 crore
  • Profit After Tax: ₹22.4 crore with 7.1% margin, representing 6.7% YoY growth from ₹21.0 crore
  • EPS: ₹5.7 for Q1 FY27 compared to ₹5.4 in Q1 FY26
  • Income from Operations: ₹311.9 crore, showing 8.8% YoY growth from ₹286.7 crore
  • Other Income: ₹3.4 crore, consistent with previous year

Business Segment Performance

  • Surface Express: 8.7% YoY growth, remains primary revenue contributor
  • Domestic Air Express: 28.8% YoY growth driven by customer acquisition and airline partnerships
  • International Air Express: 27.3% YoY growth through global carrier partnerships
  • E-Commerce: 63.0% YoY growth, fastest-growing vertical
  • C2C Express: 10% YoY growth in new customers with 2,500+ active customer base

Operational Highlights

  • Network Expansion: Added 35 new branches, reaching 1,000+ locations nationwide
  • Capacity Utilization: Stood at 84% during the quarter
  • Automation: Taj Nagar sorting center handles 15,000 packages per hour, Chakan Pune handles 11,000 packages per hour, reducing sorting time by 40%
  • Rail Express: Added 10 new branches, strengthening multimodal connectivity

Capital Expenditure and Financial Position

  • Q1 FY27 Capex: ₹19 crore for branch network expansion, sorting centers, and IT infrastructure
  • Total Capex FY23-FY27: ₹288 crore spent against revised plan of ₹400 crore (down from originally planned ₹500 crore)
  • Remaining FY27 Capex: ₹112 crore to be funded through internal accruals
  • Debt Position: Zero long-term debt, minimal short-term debt of ₹0.1 crore
  • Net Cash Position: ₹160.2 crore net cash
  • Credit Ratings: A1+ (ICRA) for short term, AA- (CRISIL) for long term

Management Commentary

Mr. Chander Agarwal, Managing Director, highlighted strong broad-based growth across all operating segments supported by customer additions and network expansion. Demand remained healthy across manufacturing, pharmaceuticals, engineering, electric vehicles, and SME shipments. The company maintained focus on service quality, technology adoption, and operational efficiency despite industry cost pressures.

Strategic Outlook

  • Continue strengthening Surface Express through customer acquisition and branch expansion
  • Accelerate Domestic Air capabilities with 40-50 dedicated air-focused branches and Delhi Air Hub
  • Strengthen International Air services through global carrier partnerships
  • Expand Rail Express network across high-potential corridors
  • Scale E-Commerce business through last-mile capabilities and technology-enabled fulfillment
  • Strengthen C2C business through fleet expansion and digital tools
  • Continue investing in technology, automation, and digital visibility platforms

CSR and Sustainability Initiatives

  • Artificial Limb Centre: Supported 217 beneficiaries in Lucknow during Q1 FY27
  • Archery Academy: Supported 50 young athletes in Khunti, Jharkhand
  • EV Awareness Program: Conducted to promote sustainable mobility
  • Solar Capacity: 990 kWp installed across Medchal, Chakan, and Taj Nagar sorting centers
  • Fleet Upgrades: BS VI-compliant vehicles with CNG and EV incorporation

Capital Market Information

  • CMP: ₹512.75
  • Shares Outstanding: 3.84 crore
  • Market Cap: ₹1,970 crore
  • 52 Week High/Low: ₹776/₹451