TCI Express Ltd
TCI Express Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #14 of 30 in Transport Services
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The short version
The company targets 8% volume growth and 10% revenue growth for the full year. Volume growth is expected at high-single digits for October and November, indicating a recovery in demand.
From TCI Express Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company targets 8% volume growth and 10% revenue growth for the full year.
- Expecting higher single-digit volume growth in Q3 and Q4 (October and November specifically).
- Plans to expand branch network, particularly in Rail and Air services, targeting 60-80 new branches by year-end.
- B2C segment is being refocused; aims to build it up to Rs 100 crore revenue in 2 years.
- New verticals like EV vehicles, pharma cold chain, and lifestyle products are expected to drive growth.
- Surface Express business, currently declining mid-single digits due to MSME challenges, is expected to recover in coming quarters.
2 more points from TCI Express Ltd's call on revenue
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Profitability & Margins
See what TCI Express Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Current capex: Rs. 28 crores incurred in H1 FY26 for branch expansion, sorting centers, and IT upgrades.
- Automation ongoing at Kolkata and Ahmedabad sorting centers; expected completion by Dec 2026 (~mid-FY27).
- Total planned capex of Rs. 500 crores over 5 years; Rs. 240 crores spent so far, remaining ~Rs. 150 crores expected in next 1.5 years.
- New larger sorting center leased in Mumbai to improve efficiency and support growth.
- Future plans include replicating automation technologies in upcoming sorting centers.
- Investment focused on expanding multimodal capabilities, infrastructure, and technology (CRM implementation).
2 more points from TCI Express Ltd's call on capex
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Top-ranked in Transport Services
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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TCI Express Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹327 Cr, net profit ₹21 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What TCI Express's management said in earlier quarters
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- Blue Water (Q2 FY26)
Revenue from Operations for H1 FY26: ₹13,827.1 Lacs, up 70.1% YoY from ₹8,129.5 Lacs in H1 FY25 (Page 32). Key investor presentation takeaways from Blue Water L
- Tiger Logistics (Q2 FY26)
Q2 FY26 Revenue:** ₹16,873 lakhs, a 5.3% year-on-year (YoY) increase (Page 7, 10) . Key investor presentation takeaways from Tiger Logistics (India) Ltd's Q2 FY
Potential multibaggers · Q2 FY27
Potential multibaggers in Transport Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were TCI Express Ltd Q2 FY26 results?
The company targets 8% volume growth and 10% revenue growth for the full year. Volume growth is expected at high-single digits for October and November, indicating a recovery in demand.
What is TCI Express Ltd share price analysis?
TCI Express Ltd currently shows a neutral. The stock trades at a P/E of 23.6 with a market cap of ₹2,152 Cr. Investors should review the full earnings analysis for detailed insights.
Is TCI Express Ltd planning capital expenditure?
Current capex: Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.