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Earnings Call

TSC India Earnings Call: Key Takeaways

TSC India reported FY26 revenue of ₹2,851 Lakhs (up 10.6% YoY) and PAT of ₹438 Lakhs. The B2B travel firm is pivoting to a fully integrated digital ecosystem with pan-India expansion.

Why this was an Alfa AlertNot a filter event. Revenue growth (10.6%) and PAT decline do not meet the 50% growth or material guidance beat threshold.
Highlights
Revenue growth10.58% YoY (FY26 vs FY25).
MarginsEBITDA margin declined from 29.95% to 23.45% YoY.
Order bookTotal bookings reached 2,20,450 in FY26, a 35% increase.
Demand visibilityStrong, scaling customer base through deeper market penetration.
Management confidenceHigh, citing 20+ years of navigating black swan events.

Growth

Operating Revenue grew 10.6% YoY to ₹2,851 Lakhs; GTV reached ₹1,06,336 Lakhs. EBITDA margin compressed to 23.45% from 29.95%.

Outlook

FY27 priorities: deepening airline partnerships, expanding to Tier 2/3 cities, and launching hotel/visa services. Target 50% CAGR in bookings.

Risks

Geopolitical disruption in the Middle East; structural margin compression observed in FY26 compared to FY25.

Source

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

Read the document ↗

TSC India Ltd: key numbers

Share price
₹51.00
Market cap
₹74.05 Cr
Revenue (annual)
₹28.51 Cr
Net profit (annual)
₹4.38 Cr
P/E (TTM)
16.9×Sector 37.2×
Promoter holding
64.68%
FII holding
0.00%Current quarter

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

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17:49 IST NSE
Promoter Buying

TSC India Promoter Buying: ₹0.09 Cr

Managing Director cum Promoter Ashish Kumar Mittal acquired 18,000 shares of TSC India Limited via open market for a total consideration of ₹0.09 Crore.

Value
₹0.09 Cr
Promoter stake change
+0.13%
16:57 IST NSE
Annual General Meeting

TSC India Annual General Meeting

TSC India Limited held its 23rd Annual General Meeting on September 21, 2026, to transact agenda items including financial statement adoption and director appointments.