TCI Express (TCIEXP) investor relations material

Executive summary

• Q1 FY27 total income reached INR 315.31 crore, up 8.7% year-over-year, driven by customer additions, network expansion, and disciplined execution across all business verticals.

• Net profit after tax for the quarter was INR 22.4 crore, with a margin of 7.1%.

• Surface Express remained the largest contributor, while E-Commerce Express was the fastest-growing segment with 63% YoY growth.

• The company maintained a debt-free balance sheet, providing strategic flexibility and continued investment in technology, automation, and digital platforms.

• Community initiatives included support for 217 beneficiaries at the artificial limb center and ongoing youth sports development.

Financial highlights

• Income from operations was INR 311.95 crore, up 8.8% year-over-year; total income was INR 315.31 crore, up 8.7% year-over-year.

• EBITDA grew 11% to INR 37 crore, with margin expanding to 11.7% from 11.5% last year.

• Profit after tax rose 6.7% to INR 22.4 crore, with EPS at INR 5.7.

• Volume for the quarter was 250,000 metric tons, a 7.5% increase year-over-year.

• Capacity utilization reached 84% in Q1 FY27.

Outlook and guidance

• Targeting 11%-12% volume growth and net price hikes of 3%, aiming for overall revenue growth of 13%-15% and profit growth of 20%-25% for FY27.

• Margin improvement of 100-150 basis points expected for the year, with Q2 margins set to benefit from full impact of price hikes and fuel surcharge pass-through.

• Multimodal logistics revenue share targeted to rise from 17%-18% to 19% this year, and 22%-25% by 2030.

• Management remains confident regarding the outcome of the GST dispute and does not anticipate any adverse financial impact.

• Capex for FY23–FY27 revised to Rs. 400 Cr, with Rs. 288 Cr spent till Q1 FY27.