Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of TCI Express Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 326 | 305 | 320 | 312 | 317 | 293 | 311 | 296 | 307 | 287 | 309 | 314 | 327 |
| Expenses + | 272 | 258 | 270 | 266 | 272 | 259 | 273 | 266 | 279 | 257 | 273 | 281 | 294 |
| Operating Profit | 54 | 46 | 50 | 46 | 45 | 34 | 38 | 30 | 28 | 30 | 35 | 33 | 33 |
| OPM % | 17% | 15% | 16% | 15% | 14% | 11% | 12% | 10% | 9% | 10% | 11% | 11% | 10% |
| Other Income + | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 6 | 3 | 3 | 3 | 4 |
| Interest | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 5 | 5 | 6 | 9 |
| Profit before tax | 51 | 43 | 47 | 42 | 42 | 30 | 35 | 27 | 27 | 28 | 33 | 30 | 27 |
| Tax % | 24% | 25% | 25% | 24% | 24% | 24% | 25% | 25% | 24% | 24% | 24% | 25% | 24% |
| Net Profit + | 38 | 32 | 36 | 32 | 32 | 23 | 26 | 21 | 21 | 21 | 25 | 23 | 21 |
| EPS in Rs | 10.04 | 8.44 | 9.28 | 8.40 | 8.24 | 6.03 | 6.86 | 5.39 | 5.39 | 5.48 | 6.55 | 5.96 | 5.41 |
Financials of TCI Express Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 0 | 0 | 750 | 885 | 1,024 | 1,032 | 844 | 1,081 | 1,241 | 1,254 | 1,208 | 1,236 |
| Expenses + | 0 | 0 | 688 | 794 | 904 | 910 | 710 | 907 | 1,047 | 1,067 | 1,078 | 1,104 |
| Operating Profit | 0 | -0 | 62 | 91 | 119 | 122 | 134 | 175 | 194 | 187 | 130 | 132 |
| OPM % | 8% | 10% | 12% | 12% | 16% | 16% | 16% | 15% | 11% | 11% | ||
| Other Income + | 0 | 0 | 1 | 2 | 3 | 4 | 8 | 8 | 7 | 7 | 13 | 14 |
| Interest | 0 | 0 | 2 | 4 | 4 | 1 | 1 | 1 | 2 | 1 | 1 | 2 |
| Depreciation | 0 | 0 | 4 | 5 | 7 | 8 | 9 | 10 | 15 | 19 | 22 | 25 |
| Profit before tax | 0 | -0 | 57 | 84 | 112 | 117 | 132 | 172 | 185 | 174 | 120 | 119 |
| Tax % | 0% | 34% | 30% | 35% | 24% | 24% | 25% | 25% | 24% | 24% | 24% | |
| Net Profit + | 0 | -0 | 37 | 58 | 73 | 89 | 101 | 129 | 139 | 132 | 91 | 90 |
| EPS in Rs | 9.79 | 15.25 | 19.01 | 23.22 | 26.17 | 33.47 | 36.35 | 34.35 | 23.65 | 23.38 | ||
| Dividend Payout % | 0% | 16% | 16% | 16% | 17% | 15% | 24% | 22% | 23% | 34% | 0% |
Financials of TCI Express Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 0 | 115 | 153 | 199 | 260 | 330 | 426 | 528 | 589 | 696 | 762 | 821 |
| Borrowings + | 0 | 41 | 32 | 41 | 10 | 4 | 2 | 1 | 7 | 10 | 10 | 30 |
| Other Liabilities + | 0 | 35 | 52 | 96 | 102 | 90 | 110 | 120 | 132 | 136 | 144 | 141 |
| Total Liabilities | 0 | 198 | 244 | 344 | 379 | 432 | 547 | 657 | 735 | 850 | 923 | 1,000 |
| Fixed Assets + | 0 | 64 | 97 | 162 | 173 | 185 | 228 | 320 | 374 | 452 | 455 | 494 |
| CWIP | 0 | 9 | 8 | 0 | 1 | 11 | 28 | 6 | 61 | 16 | 20 | 29 |
| Investments | 0 | 0 | 0 | 0 | 1 | 30 | 60 | 88 | 33 | 94 | 162 | 159 |
| Other Assets + | 0 | 126 | 139 | 182 | 203 | 206 | 231 | 243 | 267 | 288 | 287 | 319 |
| Total Assets | 0 | 198 | 244 | 344 | 379 | 432 | 547 | 657 | 735 | 850 | 923 | 1,000 |
Financials of TCI Express Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 0 | -77 | 52 | 74 | 78 | 81 | 102 | 128 | 147 | 136 | 118 | |
| Cash from Investing Activity + | 0 | -76 | -39 | -63 | -26 | -60 | -96 | -90 | -65 | -108 | -88 | |
| Cash from Financing Activity + | 0 | 163 | -15 | -8 | -47 | -26 | -8 | -31 | -84 | -28 | -32 | |
| Net Cash Flow | 0 | 11 | -2 | 3 | 5 | -4 | -2 | 7 | -2 | -0 | -3 | |
| Free Cash Flow | 0 | -150 | 14 | 11 | 58 | 62 | 47 | 48 | 22 | 84 | 95 | |
| CFO/OP | 767,500% | 117% | 107% | 97% | 92% | 97% | 97% | 98% | 94% | 111% |
Financials of TCI Express Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 55 | 64 | 58 | 59 | 73 | 64 | 62 | 67 | 68 | 70 | ||
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 55 | 64 | 58 | 59 | 73 | 64 | 62 | 67 | 68 | 70 | ||
| Working Capital Days | 22 | 14 | 26 | 33 | 36 | 38 | 37 | 42 | 40 | 79 | ||
| ROCE % | -0% | 33% | 40% | 44% | 38% | 34% | 36% | 33% | 27% | 16% | 15% |