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

The Board of TCI Express Limited has approved unaudited financial results for the third quarter and nine months ended December 31, 2024. Net sales reached ₹296.32 crore, with total income at ₹298.89 crore. The company reported a net profit of ₹68.85 crore for the period, reflecting a strong performance despite market conditions.

Additionally, the Board declared a second interim dividend of 150% (₹3 per equity share), with a record date of February 12, 2025. In terms of strategic moves, TCI Express plans to cancel an existing Standby Letter of Credit (SBLC) and replace it with a fresh SBLC not exceeding ₹15 crore. The Board also greenlit an investment of up to SGD 7.5 million in its wholly owned subsidiary, TCI Express Pte. Ltd., over the next two financial years to support business operations. Overall, this demonstrates strong growth potential and a positive outlook for investors.