TCI Express Limited — Investor Meet, 20-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

TCI Express reported Q1 FY26 revenue of Rs. 287 Cr (down 2% YoY) with PAT at Rs. 21 Cr and EBITDA margin at 11.5%. Tonnage was 2.33 lakh tons. The company continues to expand its multimodal capabilities, with International Air Express revenue up 33.25% YoY and C2C Express up over 14%. New sorting centers opened in Nagpur, Raipur, Indore. Management aims for high single-digit volume growth and 11-12% revenue growth in FY26, targeting 15-16% EBITDA margins by FY27. They're implementing price hikes in Surface Express. Multimodal margins are expected to normalize to 12-14% from Q3 FY26 as new networks are utilized. The company maintains a zero-debt balance sheet and remains confident about future growth driven by network expansion and diversified service offerings.