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Earnings Call

TCI Express Earnings Call: Key Takeaways

TCI Express Q4 FY26 revenue grew 6% YoY to ₹327cr. Management focusing on multimodal logistics (18.5% of revenue) and D2C e-commerce for growth.

Why this was an Alfa AlertNot a filter event. Reported revenue growth (6.5%) was below the previously guided high single-digit range (~9-10%).
Highlights
Revenue growth6.5% for Q4; 2% for full year FY26.
MarginsEBITDA margin 11.3%; aiming for 100-150bps improvement in FY27.
Demand visibilityEncouraging trends in pharma, automotive, SME, and engineering.
Management confidenceHigh; citing cyclical recovery and multimodal focus.

Growth

Q4 revenue ₹327cr (+6%), EBITDA ₹37cr (+11%), PAT ₹21cr. Full year FY26 revenue grew 2% to ₹1,236cr.

Outlook

Guided FY27 revenue growth of double-digit plus (10%+), volume growth 10%+, and margin expansion of 100-150bps.

Risks

Geopolitical tensions, elevated fuel prices (ATF/Diesel), higher labor costs, and temporary disruptions from voter-related activities.

Last quarter's promises, checked

Delivered

  • Guided high single-digit/double-digit Q4 growth → delivered 6.5% (= BEAT)
  • Guided 5-year Capex ₹500cr → revised to ₹400cr by FY27 (= BEAT)
  • Guided debt-free balance sheet → delivered debt-free (= BEAT)

Partly delivered

  • Guided FY27 PAT margin 20%+ → current call guides 100-150bps EBITDA expansion (= PARTIAL)

Missed

  • Guided FY27 volume growth 15%+ → current call guides 10%+ (= MISS)
Source

Earnings Call filed with BSE, NSE: TCIEXP. Summary written with AI assistance from the document.

Read the document ↗

TCI Express Ltd: key numbers

Share price
₹501.55
Market cap
₹1,928 Cr
Revenue (annual)
₹1,237 Cr
Net profit (annual)
₹81.43 Cr
P/E (TTM)
23.4×Sector 29.0×
Promoter holding
69.46%+0.00% QoQ
FII holding
0.79%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from TCI Express Ltd

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11:27 IST BSE
Promoter Buying (Off-Market)

TCI Express Promoter Buying (Off-Market)

TCI Express promoter group completed an inter-se transfer of 12,000 shares (0.03%) on September 08, 2026. TCI Trading (Dharmpal Agarwal) transferred shares to TCI Express Consolidated Limited.

Promoter stake change
+0.03%
10:24 IST BSE
Promoter Selling (Off-Market)

TCI Express Promoter Selling (Off-Market)

TCI Express disclosed an inter-se transfer of 15,000 shares between promoter entities TCI Trading and TCI Express Consolidated. No transaction price was stated.

11:17 IST BSE
Promoter Buying

TCI Express Promoter Buying

TCI Trading transferred 13,100 shares to TCI Express Consolidated Limited via an inter-se promoter group transaction. The 0.03% stake change was executed through the open market.

Promoter stake change
+0.03%