TCI Express Q1 FY27: Total Income Rises 8.7% YoY to ₹315.3 Cr, E-Commerce Fastest Growing Vertical
TCI Express reported Q1 FY27 total income of ₹315.3 crore, up 8.7% YoY. EBITDA was ₹37.0 crore (11.7% margin) and PAT was ₹22.4 crore (7.1% margin). Surface Express grew 8.7% YoY. E-Commerce was the fastest growing vertical with 63.0% YoY growth. The company added 35 new branches, expanding its network to over 1,000 locations.
The results show healthy growth and expansion in key areas, indicating a positive but not transformative impact on the company's immediate financial standing.
The company reported positive year-on-year growth in total income, EBITDA, and PAT, with strong performance across key business verticals and expansion of its network.
TCI Express Limited has announced its unaudited financial results for the first quarter of FY2026-27, ending June 30, 2026. The company reported a total income of ₹315.3 crore, marking an 8.7% year-on-year growth. EBITDA stood at ₹37.0 crore with a margin of 11.7%, and Profit After Tax (PAT) was ₹22.4 crore with a margin of 7.1%.
During the quarter, Surface Express continued to be the primary growth driver, achieving 8.7% YoY growth. The company expanded its branch network by adding 35 new branches, bringing the total to over 1,000 locations across India. Domestic Air Express demonstrated strong performance with a 28.8% YoY growth, attributed to enhanced customer acquisition, improved airport connectivity, and digital automation. International Air Express also registered a significant 27.3% YoY growth, driven by expanded global carrier partnerships and export consolidation.
The E-Commerce business emerged as the fastest-growing vertical, experiencing a 63.0% YoY growth, supported by expanding B2C last-mile capabilities and technology-enabled operations. Rail Express strengthened its operational footprint with the addition of 10 new branches. Capacity utilization for the quarter was reported at 84%.
Mr. Chander Agarwal, Managing Director, commented on the performance, highlighting strong, broad-based growth across all operating segments. He noted healthy demand across various sectors and the continued shift towards outsourced logistics. The company maintained a debt-free balance sheet and focused on disciplined cost management and operational efficiency. TCI Express also introduced upgraded mobile applications and an enhanced customer portal.
Looking ahead, TCI Express plans to continue strengthening its Surface Express business, accelerate Domestic Air capabilities with new branches and hubs, and enhance International Air services. Investments in technology, automation, and digital visibility platforms are ongoing priorities to improve operational efficiency and customer experience. The company has planned a capital expenditure of ₹19 crore in Q1 FY27, with a revised total Capex plan of ₹400 crore for FY23-FY27, funded through internal accruals.
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