TCI Express (TCIEXP) Q4 25/26 earnings summary

Executive summary

• Achieved sequential and year-over-year revenue and profit growth in FY 2026, with total income reported between INR 1,236.16 crore and INR 1,360 crore, and recognized as a Great Place to Work for the sixth year.

• Maintained a debt-free balance sheet, robust cash flows, and declared the highest dividend in company history.

• Expanded operational footprint with new branches, upgraded sorting centers, and technology integration, including AI and automation.

• Board approved re-appointments of key directors and appointed two new independent directors for five-year terms.

Financial highlights

• Q4 FY 2026 revenue grew to INR 327 crore–331 crore, up 6% year-over-year, with EBITDA at INR 37.4 crore (11.3% margin) and PAT at INR 21 crore (6.3% margin).

• FY 2026 EBITDA at INR 146 crore (11.7% margin), PAT at INR 90 crore (7.2% margin), and EPS at INR 23.4.

• Cash flow from operations robust at INR 112 crore for FY 2026.

• Dividend per share was INR 8.0, with a payout ratio of 23%.

• Surpassed 1 million tons of cargo handled in FY 2026.

Outlook and guidance

• FY 2027 guidance targets 10%+ volume growth and 15%+ revenue growth, with margin improvement of 100-150 basis points expected.

• Focus on high-growth sectors: Automotive, Defence, Solar, EV, SME, and E-Commerce.

• Plans to expand Air and Rail Express networks, scale E-Commerce via ONDC & Unicommerce, and enhance C2C engagement.

• Capex of INR 131 crore planned for FY 2027, funded through internal accruals.

• Continued investment in technology, automation, and sustainability initiatives.