TCI EXPRESS Reports Steady Growth in Q4 & FY2026

TCI Express Ltd. ("TCI EXPRESS", NSE: TCIEXP; BSE: 540212), India's leading express distribution company, today announced its audited financial results for the quarter and year ended March 31, 2026.

During FY2026, the Company handled more than one million tonnes of cargo and maintained its debt-free balance sheet, reflecting the scale, resilience and financial strength of its operations. The Company also crossed the ₹10 billion balance sheet milestone during the year. TCIEXPRESS continued to expand its multimodal logistics network across Surface, Rail, Domestic Air, International Air, C2C and E-Commerce segments through network expansion, technology integration and service enhancements.

The Company delivered steady business momentum during the year, supported by customer additions, growing traction across key industrial sectors and continued adoption of digital logistics solutions. Despite a challenging operating environment, TCI EXPRESS maintained stable EBITDA and PAT margins through strong execution, network optimisation and prudent cost management.

Commenting on the performance, Mr. Chander Agarwal, Managing Director of TCI EXPRESS, said: "TCI EXPRESS continued its positive business momentum during Q4 FY2026, delivering sequential improvement and maintaining growth for the second consecutive quarter. Demand remained encouraging across sectors such as pharmaceuticals, automotive, engineering, renewable energy and SME-led shipments. While the operating environment remained challenging due to geopolitical tensions in West Asia, elevated airline ATF prices, rising labour costs and temporary disruptions arising from voter-related SIR activities across select markets, our diversified multimodal network and customer-centric approach enabled us to deliver resilient performance while maintaining stable margins."

"Surface Express remained the largest contributor to our business during the quarter, supported by customer additions, stronger traction across industrial shipments and growing demand from key sectors. During the quarter, we expanded our branch network and strengthened our last-mile delivery capabilities across key regions. We also commissioned the upgraded Nagpur sorting centre with enhanced handling capacity and improved processing efficiency, positioning us to support higher cargo volumes and faster turnaround times."

"Our other business verticals also delivered encouraging performance. Rail Express recorded strong growth driven by increasing adoption of rail-based cargo movement and expansion across key longhaul corridors. Domestic Air Express continued to benefit from improved airport connectivity, route optimisation and growing movement of pharmaceutical and temperature-sensitive cargo.

International Air Express further expanded its global reach through customer additions, international partnerships and cargo consolidation initiatives. The C2C and E-Commerce Express segments also maintained healthy momentum, supported by higher industrial movement, D2C volumes and the continued expansion of last-mile delivery operations."

"FY2026 was an important milestone year for TCI EXPRESS as we crossed the ₹10 billion balance sheet milestone and handled more than one million tonnes of cargo during the year. These achievements reflect the scale of our operations, the strength of our network and the trust placed in us by our customers. We continued to maintain a debt-free balance sheet while remaining focused on operational efficiency, liquidity management and disciplined capital allocation. Reflecting our strong financial position and commitment to shareholder value creation, the Company also declared a higher dividend during the year."

"Looking ahead, we remain focused on strengthening its multimodal logistics capabilities, expanding technology-enabled operations and enhancing customer engagement across service verticals. Our priorities include infrastructure expansion, scaling rail-led logistics solutions, increasing automation, specialised cargo movement and further development of our B2C network. While geopolitical uncertainties and elevated fuel prices may continue to create near-term challenges for the logistics sector, we remain confident in our long-term growth opportunities and committed to delivering reliable, efficient and customer-centric logistics solutions."

Performance Highlights: Q4 FY2026 vs. Q4 FY2025

- Revenue from operations of ₹3.27 billion compared to ₹3.08 billion
- EBITDA of ₹0.37 billion compared to ₹0.34 billion
- EBITDA margin was 11.3%
- PAT of ₹0.21 billion with margin at 6.3%

Performance Highlights: FY2026 vs. FY2025

- Revenue from operations of ₹12.36 billion compared to ₹12.08 billion
- EBITDA of ₹1.46 billion compared to ₹1.43 billion
- EBITDA margin was 11.7%
- PAT of ₹0.90 billion with margin at 7.2%

Shares of TCI Express Limited was last trading in BSE at Rs. 513.45 as compared to the previous close of Rs. 513.35. The total number of shares traded during the day was 851 in over 180 trades.

The stock hit an intraday high of Rs. 517.95 and intraday low of 505.25. The net turnover during the day was Rs. 439478.00.

Source : Equity Bulls

Keywords

TCIExpress INE586V01016 TransportationLogistics Q4FY26 Q4FY2026 FY26 FY2026 ResultUpdate