TCIEXP TCI Express Q2 FY26 results (Jul–Sep 2025) and concall
TCI Express reported a mixed Q2 FY26, with sequential revenue growth but a slight YoY decline, primarily impacted by GST rate changes and MSME slowdown affecting the Surface Express segment. Despite these headwinds, the company maintained EBITDA margins through cost discipline. Strong growth was observed in Rail Express, International Air Express, and C2C segments, while strategic investments in automation and network expansion continued. Management expressed confidence in a recovery in the surface business and overall growth in the coming quarters.
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What they filed
Q2 FY26: revenue down 1.0%, net profit down 4.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 312 | 296 | 307 | 287 | 309 −1% |
| EBITDA | 37 | 29 | 26 | 28 | 34 −8% |
| Net profit | 25 | 19 | 19 | 19 | 24 −4% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
