TCI Express Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
TCIEXP · price
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TCI Express reported Q1 FY26 (quarter ended June 30, 2025) standalone revenue from operations of Rs 286.75 cr, down about 2% from Rs 292.98 cr in Q1 FY25. Standalone profit after tax fell to Rs 21.77 cr from Rs 27.31 cr YoY, a decline of roughly 20%. Consolidated PAT was Rs 20.20 cr versus Rs 26.29 cr, down about 23% YoY. Statutory auditor Brahmayya & Co. issued an unmodified (clean) limited review report on both standalone and consolidated results. The Board also approved senior management changes – appointment of Mr. Shivi Suri as COO–Air Cargo, redesignation of Mr. Pabitra Mohan Panda as Chief Business Officer, and Mr. Ashok Kumar Pandey as Regional Express Manager. Board committees were reconstituted following the sudden demise of independent director Mr. Ashok Kumar Ladha and the addition of new independent director Mr. Phool Chand Sharma.
A soft quarter with both revenue and profits contracting year-on-year. While there are no red flags from the auditor, the double-digit PAT decline and subdued top line could put pressure on the stock in the short term, especially given rising logistics costs. The management reshuffle signals a strategic focus on the air cargo and business growth verticals.