Financial Performance Overview

Transport Corporation of India Limited reported strong financial results for FY 2025-26 with standalone net profit increasing 12.15% year-on-year to ₹4,439.92 million. Revenue from operations grew 7.3% to ₹42,248.18 million, driven by growth across freight and supply chain divisions. On a consolidated basis, revenue increased 9.4% to ₹49,650.17 million with net profit attributable to equity shareholders reaching ₹4,562.47 million.

Key Financial Metrics

Standalone Performance:

  • Profit Before Tax: ₹4,796.16 million (9.47% growth)
  • Basic EPS: ₹57.89 (12.85% growth)
  • Total Assets: ₹31,394.97 million
  • Net Cash from Operating Activities: ₹4,323.53 million

Consolidated Performance:

  • Basic EPS: ₹59.49 (11.34% growth)
  • Total Borrowings: ₹2,186.88 million
  • Total Assets: ₹34,818.59 million

Segment Performance

The company demonstrated growth across all business segments:

  • Freight Division: ₹17,884.24 million (standalone)
  • Supply Chain Solutions Division: ₹18,635.98 million (standalone), crossing ₹1,862 crore with 14% YoY growth
  • Seaways Division: ₹6,534.64 million with EBIT margin of 41%
  • Coastal shipping reported strong performance with modal shift saving 0.19 million tonnes of CO₂

Annual Report Corrections

TCI submitted a corrigendum to its Annual Report correcting typographical errors identified after initial submission. Key corrections included:

  • ROCE revised from 9.91% to 19.91%
  • RoNW corrected from 9.48% to 19.48%
  • Foreign Exchange Earnings: ₹158.68 million corrected to ₹178.28 million
  • CIF Value of Imports: ₹142.08 million corrected to ₹806.30 million

The company confirmed these were cosmetic errors with no impact on FY26 financial statements. The revised Annual Report is available on the company's website.

Capital Allocation and Corporate Actions

The board recommended a final dividend of ₹1 per equity share (50%) subject to shareholder approval, following an interim dividend of ₹9 per share (450%) paid during the year. Significant capital expenditure of ₹3,819.65 million was incurred primarily on warehouse projects and ship/vehicle construction. The company allotted 135,035 equity shares to employees upon exercise of stock options under ESOP 2017.

Borrowings and Debt Management

Term loans increased to ₹1,948.23 million, secured by first charge on mortgage of rail rakes and commercial vehicles with interest rates ranging from 6.75% to 8.90% p.a. Working capital loans stood at ₹238.65 million. The company reported no defaults in repayment of borrowings and interest payments.

Regulatory and Tax Matters

The company received an assessment order for AY 2024-25 with a demand notice of ₹819.63 million including applicable interest. Management has filed rectification application and appeal, expressing confidence in prevailing against the department's position. Auditors issued an unmodified opinion with no material weaknesses in internal financial controls identified.

Subsidiaries and Operational Highlights

The consolidated entity includes 10 subsidiaries and joint ventures, with TCI Chemlog Private Limited (wholly-owned subsidiary) continuing operations after the chemical logistics business transfer. The company completed 80,000+ clean fuel trips via CNG fleet and achieved credit rating upgrade to AA+/Stable from CARE.