TCI Express Reports Steady Growth in Q4 and FY2026, Crossing ₹10 Billion Balance Sheet Milestone

TCI Express Reports Steady Growth in Q4 and FY2026, Crossing ₹10 Billion Balance Sheet Milestone​

Gurugram, India, May 27, 2026: TCI Express Ltd., India's leading express distribution company, announced its audited financial results for the fourth quarter and financial year ended March 31, 2026. The company reported significant operational milestones during FY2026, handling more than one million tonnes of cargo and maintaining a debt-free balance sheet. The firm also reached the ₹10 billion balance sheet milestone during the year, underscoring its scale and financial resilience.

TCI Express continued its expansion of its multimodal logistics network across Surface, Rail, Domestic Air, International Air, C2C, and E-Commerce segments by enhancing technology integration and expanding services. The company's stable business momentum was supported by increased customer additions and growing demand across key industrial sectors and digital logistics solutions. Management noted that despite a challenging operating environment, the company maintained stable EBITDA and PAT margins through rigorous execution, network optimization, and disciplined cost management.

Speaking on the performance, Mr. Chander Agarwal, Managing Director of TCI Express, stated that the company delivered positive business momentum throughout Q4 FY2026, achieving sequential improvement for the second consecutive quarter. Demand remained strong in sectors including pharmaceuticals, automotive, engineering, renewable energy, and SME-led shipments.

“Our diversified multimodal network and customer-centric approach enabled us to deliver resilient performance and maintain stable margins,” Mr. Agarwal noted, while acknowledging operational challenges such as geopolitical tensions, elevated ATF prices, and rising labor costs.

Operational and Network Growth​

Surface Express remained the largest contributor to the business during the quarter, boosted by customer additions and strong industrial shipment traction. To further enhance service delivery, TCI Express expanded its branch network and strengthened last-mile capabilities across key regions. The company also commissioned an upgraded Nagpur sorting centre, which provides enhanced handling capacity and improved processing efficiency, allowing support for higher cargo volumes.

Other verticals also showed strong performance:

• Rail Express recorded strong growth, driven by increased adoption of rail-based cargo movement across key longhaul corridors.
• Domestic Air Express benefited from improved airport connectivity and growing movement of pharmaceutical and temperature-sensitive cargo.
• International Air Express expanded its global footprint through international partnerships and cargo consolidation initiatives.
• C2C and E-Commerce Express segments maintained healthy momentum, supported by higher industrial movement and the continuous expansion of last-mile delivery operations.

Financial Performance Highlights​

TCI Express provided detailed performance metrics for the current year and the previous fiscal year.

Financial Performance Highlights: Q4 FY2026 vs. Q4 FY2025


Financial Performance Highlights: FY2026 vs. FY2025

Key Operational Growth Figures​

The company reported several key growth areas for the quarter:


Looking ahead, the company remains focused on bolstering its multimodal logistics capabilities, scaling rail-led solutions, enhancing automation, and developing its B2C network. TCI Express continues to emphasize its operational efficiency and commitment to delivering reliable, efficient, and customer-centric logistics solutions.

TCIEXP Stock Price Movement​

On Wednesday, TCI Express Limited shares edged higher to close at ₹510.15, gaining 0.14% during the trading session. The stock traded on a volume of 11,991 shares, finding support off a day's range established between ₹499 and ₹519.8.