TCI Express Limited — Important, 06-02-2025: General Updates

In its recent board meeting, TCI Express Limited approved its un-audited financial results for the quarter and nine months ended December 31, 2024. The company reported net sales of ₹296.32 Cr and a total income of ₹298.89 Cr, marking a stable performance. Operating expenses were ₹271.48 Cr, resulting in a profit from operations of ₹26.81 Cr before tax.

The board declared a second interim dividend of 150% (₹3 per share), which will be paid on February 12, 2025. Additionally, TCI Express plans to cancel a Standby Letter of Credit (SBLC) previously issued for its wholly owned subsidiary, TCI Express Pte. Ltd., due to operational challenges, while also approving a new SBLC of up to ₹15 Cr. Furthermore, the company will invest up to SGD 7.5 million in TCI Express Pte. Ltd. to support its growth initiatives. This strategic move aligns with TCI's aim to strengthen its international operations and market presence.