TCI Express Limited has informed the Exchange about change in Management
TCIEXP · price
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Awaiting price reaction for this filing.
TCI Express announced its Q1 FY26 (ended June 30, 2025) unaudited results. Standalone revenue came in at Rs 286.75 crore, slightly down from Rs 292.98 crore a year ago, while net profit fell to Rs 19.47 crore from Rs 22.83 crore, a decline of about 15%. Consolidated net profit was Rs 19.36 crore, dragged by a Rs 1.57 crore loss at its Singapore subsidiary TCI Express Pte Ltd. The Board approved three senior management changes: appointment of Mr. Shivi Suri (external hire, 26+ years logistics experience) as COO – Air Cargo, redesignation of Mr. Pabitra Mohan Panda as Chief Business Officer, and redesignation of Mr. Ashok Kumar Pandey as Regional Express Manager, who also ceased to be a KMP. Board committees were reconstituted following the sudden demise of Independent Director Mr. Ashok Kumar Ladha and shareholder approval of Mr. Phool Chand Sharma as a new Independent Director.
A modest YoY dip in revenue and profits in Q1 may temper near-term sentiment, but the new COO appointment signals a push to scale the air cargo business. Shareholders should note the management restructuring and the loss at the overseas subsidiary, which, while small, is worth monitoring.