Financial Performance Summary

Quarterly Results (Q1 FY27 vs Q1 FY26)

  • Revenue from operations: ₹312 Crores (compared to ₹287 Crores in Q1 FY26)
  • Total Income: ₹315.3 Crores
  • EBITDA: ₹37 Crores (compared to ₹33 Crores in Q1 FY26)
  • EBITDA margin: 11.7%
  • PAT: ₹22 Crores
  • PAT margin: 7.1%

Segment-wise Performance

  • Surface Express: 8.7% YoY growth, supported by higher volumes from existing customers, new account additions, and steady demand across key industrial sectors
  • Domestic Air Express: Benefited from customer additions, expansion of enterprise accounts, expanded direct airport delivery coverage, and automation of key operational processes
  • International Air Express: 27.3% YoY growth, supported by new customer additions, customer win-backs, and expanded partnerships with global carriers
  • E-Commerce Express: 63.0% YoY growth, making it the fastest growing business segment
  • C2C Express and Rail Express: Continued to strengthen network presence and operational capabilities

Operational Highlights

Network Expansion

  • Crossed 1,000 branches nationwide
  • Surface Express added 9 new branches
  • Rail Express added 10 new branches
  • Strengthened operating footprint through branch expansion and opening of new facilities at strategic industrial locations

Technology and Automation Initiatives

  • Automation-led process enhancements
  • Technology-enabled logistics solutions
  • Digital automation initiatives across business verticals
  • Enhanced digital platform integration for International Air Express
  • ERP-led operations and digital integration platforms

Service Enhancements

  • Expanded direct airport delivery coverage for Domestic Air Express
  • Export hub consolidation for International Air Express
  • Expanded B2C last-mile delivery capabilities for E-Commerce
  • Improved pickup density and strengthened multimodal connectivity

Balance Sheet and Financial Position

  • Maintained debt-free balance sheet
  • Continued investment in technology-led initiatives, automation, and network expansion

Future Plans

  • Expand dedicated Air Express network
  • Establish standalone air cargo hubs
  • Introduce differentiated service offerings to strengthen position in time-sensitive logistics segment

Corporate Social Responsibility

  • TCI Express Foundation supported 217 beneficiaries through Artificial Limb Centre in Lucknow
  • Archery Academy in Khunti, Jharkhand provided structured coaching and training to 50 beneficiaries

Management Commentary

Mr. Chander Agarwal, Managing Director, stated that growth was supported by customer additions, network expansion and strong demand across e-commerce, manufacturing, pharmaceuticals, automotive and SME led shipments. Despite elevated operating costs and competitive pricing across certain segments, the Company remained focused on service quality, technology adoption and network efficiency.

Business Overview

TCI EXPRESS is India's leading time-definite express logistics company offering integrated multimodal logistics solutions across Surface, Rail, Air, C2C and E-Commerce services. The company operates through an asset-light and fully containerised model serving diversified customer base across automotive, pharmaceuticals, engineering, defence, renewable energy, consumer goods, retail and e-commerce industries.