| Revenue growth | Operations revenue +8.9% YoY to Rs335.9cr in Q2. |
|---|---|
| Margins | Q2 EBITDA 12.7% vs 12.4% YoY; PAT margin 7.9% vs 8.1%. |
| Demand visibility | ICRA BAM +12.1% Sep-26; core sector +7.9%; West Asia risks. |
| Management confidence | Upbeat on growth momentum; no quantified guidance. |
Growth
Surface Express +9.4% YoY, Domestic Air +29.4%, International Air +26.1%, E-Commerce +51.6%. H1 PAT +6.1% to Rs49.0cr.
Outlook
No numeric growth guidance. Capex revised to Rs400cr from Rs500cr over FY23-27; Rs51cr remaining in FY27, internally funded.
Risks
Middle East conflict raising freight costs, fuel/ATF prices, skilled manpower shortage, road-dependent network, high rail freight costs.
Last quarter's promises, checked
Partly delivered
- EBITDA margin +100-150bps FY → Q2 +30bps YoY (12.4% to 12.7%), Q1 +20bps (= PARTIAL, behind pace)
- Capex Rs125-140cr FY27 → H1 Rs80cr + Rs51cr remaining ≈ Rs131cr (= PARTIAL, plan within range)
Missed
- Revenue +13-15% FY → Ops revenue +8.9% in Q2 (= MISS)
- PAT +20-25% FY → H1 PAT +6.1% (= MISS)
- Volume +11-12% FY → Q1 volume +7.5%; Q2 volume not disclosed (= MISS)
Investor Presentation filed with NSE, NSE: TCIEXP. Summary written with AI assistance from the document.
TCI Express Ltd: key numbers
- Share price
- ₹501.20
- Market cap
- ₹1,927 Cr
- Revenue (annual)
- ₹1,237 Cr
- Net profit (annual)
- ₹81.43 Cr
- P/E (TTM)
- 23.4×Sector 29.2×
- Promoter holding
- 69.42%-0.04% QoQ
- FII holding
- 0.77%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from TCI Express Ltd
All →TCI Express Results Update
TCI Express reported Q2 FY27 revenue of Rs. 335.9 Crore, up 8.9% YoY, and EBITDA of Rs. 43.0 Crore via a press release. The release is a media/investor summary of unaudited standalone and consolidated results.
TCI Express Management Change
TCI Express Limited's board appointed Ranjana Agarwal as Non-Executive Independent Director effective 5 November 2026, for five years. Shareholder approval via postal ballot is pending.
- Execution
- 5 years (05 Nov 2026 to 04 Nov 2031)
TCI Express Q2 FY27 Results: Net Profit ₹23.5 Cr, Down 1.7% YoY
TCI Express Ltd reported revenue from operations of ₹338 Cr (+9.6% YoY) and net profit of ₹23.5 Cr (-1.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹23.5 Cr · -1.7% YoY
TCI Express Other Announcement
TCI Express reported that its RTA, KFin Technologies, is moving its corporate office to Kokapet, Hyderabad, effective 1 December 2026. No financial impact is stated.
TCI Express Board Meeting Date
TCI Express will hold a board meeting on November 5, 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026. The trading window stays closed from October 1, 2026 until 48 hours after results are communicated.
TCI Express Other Announcement
TCI Express Ltd submitted an RTA report confirming zero requests for the re-lodgment of physical share transfers for the quarter ending September 30, 2026.