TCI Express Ltd. – Q2 FY27 Financial and Operational Highlights

Gurugram, India, 6 November 2026 – TCI Express Ltd. (NSE: TCIEXP; BSE: 540212), India’s leading time‑definite express logistics provider, released its standalone results for the quarter and half‑year ended 30 September 2026.

Quarterly Financial Performance

  • Revenue from operations reached Rs 335.9 crore, a 8.9% YoY increase over Rs 308.5 crore in Q2 FY26.
  • EBITDA rose to Rs 43.0 crore, up 10.8% YoY from Rs 38.8 crore, delivering an EBITDA margin of 12.7%, the highest recorded in the last five quarters.
  • Profit after tax (PAT) was Rs 26.7 crore, translating to a PAT margin of 7.9%.
  • Total income for the quarter was Rs 338.8 crore.

Half‑Year Financial Performance (H1 FY27)

  • Revenue from operations for the first half of FY27 totaled Rs 647.9 crore, a 9.0% YoY rise from Rs 595.3 crore in H1 FY26.
  • EBITDA for the half‑year was Rs 80.0 crore, up 10.8% YoY from Rs 72.2 crore, with an EBITDA margin of 12.2%.
  • PAT for H1 FY27 amounted to Rs 49.0 crore, a 7.5% margin.
  • Total income for the half‑year was Rs 654.1 crore.

Segment‑Level Growth

  • E‑Commerce Express grew 51.6% YoY, emerging as the fastest‑growing segment.
  • Domestic Air Express increased 29.4% YoY.
  • International Air Express rose 26.1% YoY.
  • Surface Express, the company’s largest business, delivered 9.4% YoY growth.
  • C2C Express showed sequential recovery in business quality and margins.

Sequential Performance

  • Compared with Q1 FY27, Q2 FY27 EBITDA improved 16.3% and PAT rose 19.2% on a sequential basis.

Operational and Strategic Initiatives

  • The company continued to invest in network infrastructure and technology, enhancing regional coverage, multimodal capabilities, and operational reach.
  • TCI Express maintains an asset‑light, fully containerised model supported by automation, ERP‑led operations and digital integration platforms.

Management Commentary

Managing Director Mr. Chander Agarwal stated: “TCI EXPRESS delivered another quarter of profitable growth, with EBITDA growing faster than revenue. Our E‑Commerce and Air Express businesses are scaling rapidly, while Surface Express, our largest business, remained a key driver of growth. Demand for organised logistics services in India continues to expand, and our multimodal network puts us in a strong position to capture that opportunity. Our priorities remain clear: deepening relationships with enterprise customers, growing with discipline and investing in our network and technology to build on this momentum and create long‑term value for all our stakeholders.”

Corporate Social Responsibility

  • The TCI Express Foundation’s Artificial Limb Initiative supported 489 beneficiaries during H1 FY27.
  • The Archery Academy in Khunti, Jharkhand, provided structured training to 52 young athletes.

Forward‑Looking Statements Disclaimer

The release contains forward‑looking statements regarding strategic initiatives and future business performance. Actual results may differ materially due to risks, uncertainties and other factors disclosed in the company’s filings. TCI Express undertakes no obligation to update these statements.

---