Transport Corporation of India Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹1,179Cr
- +9.3% YoY
- +2.8% QoQ
- Net profit
- ₹115Cr
- +11.7% YoY
- +12.7% QoQ
- Margin
- 10%
- 0 pp YoY
- 0 pp QoQ
The short version
FY26 and FY27: Volumes may increase if a second-hand ship is purchased; otherwise, capacity remains largely flat with minor fluctuations due to ship aging and docking schedules. FY26 and FY27 growth expected to be flattish in seaway segment due to ship aging and no net capacity addition unless second-hand ship purchase or rule changes occur.
From Transport Corp.'s Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY26 and FY27: Volumes may increase if a second-hand ship is purchased; otherwise, capacity remains largely flat with minor fluctuations due to ship aging and docking schedules. (Page 15)
- Potential for net positive capacity increase if government rules change, allowing ships to continue operating longer. (Page 15)
- Overall revenue growth is guided at 10-12% on a consolidated basis. (Page 12)
- Supply chain segment expected to grow at 12-15%, becoming the largest business contributor. (Page 9)
- Freight segment growth targeted at 8-10%, with expectations of margin improvement after bottoming out. (Pages 5, 15)
2 more points from Transport Corp.'s call on revenue
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Profitability & Margins
FY26 and FY27 growth expected to be flattish in seaway segment due to ship aging and no net capacity…
Locked: what Transport Corp. said on margins
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Capital Expenditure Plans
- FY25 CapEx was about ₹300 crores out of a projected ₹375 crores.
- FY26 CapEx budget is increased to ₹400-450 crores, with a similar split between land/building and trucks/rakes.
- Investments include trucks, warehouse equipment, and hub centers.
- Possibility to exceed CapEx budget if market conditions and contract wins warrant it.
- Automation and AI investments focus on productivity improvements and sales force automation, not significant manpower reduction.
- Capital allocation largely through internal accruals (~70%) and some debt (~30%), mainly on the trucking side.
- Strategic focus on expanding supply chain and LTL businesses through investments in fleet size, warehouse equipment, and branch expansions.
2 more points from Transport Corp.'s call on capex
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Fundraising & Capital Structure
For CAPEX funding, particularly on the trucking side, the company plans to use a mix of internal accruals…
Locked: what Transport Corp. said on fundraising
Also locked on this page: margins, order book
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Order Book & Pipeline
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Transport Corp. — Quarterly revenue & net profit
Transport Corp. Q4 FY25 results — key figures
| ₹ Cr | Q4 FY25 | Q4 FY24 | YoY | Q3 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 1,179 | 1,079 | +9.3% | 1,147 | +2.8% |
| Operating profit (EBITDA) | 122 | 109 | +11.9% | 118 | +3.4% |
| Operating margin | 10% | 10% | 0 pp | 10% | 0 pp |
| Profit before tax | 127 | 106 | +19.8% | 111 | +14.4% |
| Net profit (PAT) | 115 | 103 | +11.7% | 102 | +12.7% |
| EPS (₹) | 14.91 | 13.13 | +13.6% | 13.17 | +13.2% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹1.4K Cr, net profit ₹117 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Transport Corporation of India's management said in earlier quarters
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Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
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 Transport Corp. Q4 FY25 results?
FY26 and FY27: Volumes may increase if a second-hand ship is purchased; otherwise, capacity remains largely flat with minor fluctuations due to ship aging and docking schedules. FY26 and FY27 growth expected to be flattish in seaway segment due to ship aging and no net capacity addition unless second-hand ship purchase or rule changes occur.
What is Transport Corp. share price analysis?
Transport Corp. currently shows a neutral. The stock trades at a P/E of 15.4 with a market cap of ₹7,032 Cr. Investors should review the full earnings analysis for detailed insights.
Is Transport Corp. planning capital expenditure?
FY25 CapEx was about ₹300 crores out of a projected ₹375 crores.
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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.