TCI Express Limited has informed the Exchange about Transcript
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TCI Express submitted the transcript of its Q4 FY25 earnings call held on May 30, 2025. For FY25, revenue from operations stood at Rs. 1,208 crore (down ~3.7% YoY from Rs. 1,254 crore), with EBITDA of Rs. 143 crore (11.7% margin) and PAT of Rs. 91 crore (7.5% margin). Q4 revenue was Rs. 307 crore with EBITDA margin of 10.8%. The company declared a final dividend of Rs. 2 per share, taking total FY25 dividend to Rs. 8 per share (400% on face value). Management acknowledged 250 bps cost pressure from higher toll, labor, and air costs, partly offset by stable freight rates. For FY26, the company guided for 7-8% tonnage growth, 10-12% revenue growth, and a margin improvement of 150-200 basis points, supported by ~3% price hike, cost rationalization, and focus on high-yield Rail and Air businesses.
The transcript provides clarity on near-term recovery prospects, with management pointing to margin bottoming out in FY26 and visible recovery in volume. The clear margin guidance of 150-200 bps improvement and steady dividend payout are positives, though YoY revenue and profit decline highlight ongoing demand weakness, especially in the SME segment that contributes 48% of business.