TCI Express Limited – Q1 FY26 Results Summary
Announcement Date: August 14, 2025

• Revenue: ₹286.75 Cr (Standalone), down 2.1% YoY (₹292.98 Cr in Q1 FY25) and down 6.8% QoQ (₹307.49 Cr in Q4 FY25).
• Net Profit: ₹21.04 Cr (Standalone), down 9.0% YoY (₹23.12 Cr) but up 1.8% QoQ (₹20.67 Cr).
• EPS: ₹5.55 (Basic, Standalone) vs ₹6.04 in Q1 FY25 and ₹5.38 in Q4 FY25.
• Margins (Standalone Q1 FY26): Operating margin ~9.7%, Net margin ~7.3%.
• EBITDA Proxy: ₹27.86 Cr, stable QoQ, down YoY.
• Other Income: ₹3.44 Cr.
• Exceptional Items: None reported.
• Balance Sheet: No material changes or disclosures on debt, cash reserves, or capital expenditure.
• Segment Performance: Single business segment – Express Cargo; no segmental breakdown provided.
• Subsidiary Impact: Consolidated results include TCI Express Pte Limited, which reported ₹0.33 Cr revenue and ₹1.57 Cr net loss for the quarter; impact considered immaterial.
• Management Commentary: No changes in accounting policies; senior management appointments effective August 14, 2025, aimed at strengthening leadership in air cargo and business operations.
• Corporate Activity: No acquisitions, divestitures, or major projects disclosed.
• Audit: Limited review by Brahmayya & Co. with unmodified opinion; no qualifications or concerns.

Outlook: No formal guidance provided.