Total Transport Systems Reports 9M FY26 Revenue of ₹467 Cr, PAT Grows 2.5x YoY
Total Transport Systems Limited reported Q3 FY26 revenue of ₹156 Cr (down 10.9% YoY). For 9M FY26, revenue was ₹467 Cr (down 8.3% YoY). EBITDA for 9M FY26 rose 73.6% YoY to ₹13.7 Cr, and PAT grew 2.5x YoY to ₹7.6 Cr.
The decline in revenue, although offset by strong profitability growth in the nine-month period, indicates some challenges. The improved profitability and positive outlook for the logistics sector might mitigate the negative impact.
While the company shows significant YoY growth in EBITDA and PAT for the nine-month period, the revenue continues to decline YoY and QoQ in the third quarter. The sentiment is neutral as it reflects mixed performance.
Total Transport Systems Limited announced its unaudited financial results for the third quarter (Q3) and nine months (9M) of the fiscal year 2026, ending December 31, 2025.
For Q3 FY26, the company reported a revenue of ₹156 crore, marking a 4.6% decrease quarter-on-quarter (QoQ) and a 10.9% decline year-on-year (YoY). Revenue for the 9M FY26 period stood at ₹467 crore, an 8.3% YoY decrease.
EBITDA for Q3 FY26 was ₹4.5 crore, with EBITDA margins at 2.9%, remaining stable sequentially. For 9M FY26, EBITDA increased by 73.6% YoY to ₹13.7 crore, with margins expanding to 2.9% (a 138 bps YoY improvement).
Profit After Tax (PAT) for Q3 FY26 was ₹2.3 crore, with PAT margins at 1.5%. For 9M FY26, PAT reached ₹7.6 crore, showing a 2.5x YoY growth, and PAT margins improved by 103 bps YoY to 1.6%.
Mr. Makarand Pradhan, Promoter and MD, commented that Q3 FY26 reflected a stable operating phase amidst a mixed global trade environment. He highlighted that operational efficiency and financial discipline initiatives during 9M FY26 drove the significant improvement in profitability. He also expressed optimism about the longer-term sector visibility, supported by developments like the EU–India Free Trade Agreement.
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Total Transport Systems Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Total Transport Systems Limited. Read the original for the full detail.