Summary of Key Information:
Reporting Period (Quarter/Year): Q2 and H1 ended September 30, 2026
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to SEBI Listing Regulations
Audit Opinion:
Clean opinion with emphasis of matter regarding GST demand
Auditor’s Comment:
Statutory auditors Brahmayya & Co. issued an unmodified review conclusion. Emphasis of matter placed on GST demand of ₹51.36 crore plus interest and penalty for period July 2017 to March 2022, which is under appeal at GST Appellate Tribunal, Haryana. Management confident of prevailing and no provisions made.
Key Financial Highlights [₹ in Crores]:
Standalone Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹335.91 (Q1 FY26: ₹311.95; Q2 FY25: ₹308.53)
- Total Income: ₹339.29 (Q1 FY26: ₹315.31; Q2 FY25: ₹311.98)
- Net Profit: ₹26.66 (Q1 FY26: ₹22.38; Q2 FY25: ₹25.15)
- EPS: ₹6.94 (Q1 FY26: ₹5.69; Q2 FY25: ₹6.55)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹647.85 (H1 FY25: ₹595.28)
- Total Income: ₹654.59 (H1 FY25: ₹602.17)
- Net Profit: ₹49.03 (H1 FY25: ₹46.19)
- EPS: ₹12.77 (H1 FY25: ₹12.03)
Standalone Balance Sheet as at September 30, 2026:
- Cash and Cash Equivalents: ₹3.65
- Other Equity: ₹870.79
- Total Assets: ₹1,071.14
Consolidated Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹338.02 (Q1 FY26: ₹313.40; Q2 FY25: ₹308.53)
- Total Income: ₹342.09 (Q1 FY26: ₹317.43; Q2 FY25: ₹312.77)
- Net Profit: ₹23.47 (Q1 FY26: ₹20.49; Q2 FY25: ₹23.91)
- EPS: ₹5.74 (Q1 FY26: ₹5.20; Q2 FY25: ₹6.23)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹651.42 (H1 FY25: ₹595.28)
- Total Income: ₹659.52 (H1 FY25: ₹603.28)
- Net Profit: ₹43.97 (H1 FY25: ₹43.38)
- EPS: ₹11.08 (H1 FY25: ₹11.30)
Consolidated Balance Sheet as at September 30, 2026:
- Cash and Cash Equivalents: ₹8.47
- Other Equity: ₹856.31
- Total Assets: ₹1,095.26
- Borrowings: ₹47.70 (Non-current: ₹32.47; Current: ₹15.23)
Segment-wise Performance:
The company operates in a single business segment - "Express Cargo" - hence segment reporting not applicable.
Corporate Actions:
No dividend declarations, share splits, bonus issues, or buybacks announced.
Other Significant Information:
- Entities included in consolidation: TCI Express Limited (Holding Company), TCI Express Pte Ltd., TCI Global (Singapore) Pte. Ltd. (from January 26, 2026)
- Capital Work in Progress increased to ₹70.59 crores (Standalone) from ₹28.54 crores as of March 31, 2026
- Employee Stock Option Compensation: ₹0.03 crore for H1 FY26