TIGERLOGS · price
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Tiger Logistics posted Q1 FY26 revenue of ₹10,252 lakhs, up 1.3% year-on-year but down 10.5% from the previous quarter due to weak air freight demand. EBITDA grew 14% YoY to ₹590 lakhs with margins improving 64 basis points to 5.8%, reflecting better cost control and operational efficiency. Profit after tax rose 1.8% YoY to ₹471 lakhs, with a steady margin of 4.6%. Container volumes continued to grow, rising 6.2% YoY to 18,256 TEUs, while air transport volumes fell sharply from 1,12,600 to 72,091 units. The company also noted improving diversification, with the top five customers now contributing 51% of revenue compared to higher levels previously.
Mixed picture for shareholders: year-on-year earnings growth and margin expansion are positives, but the sharp quarter-on-quarter revenue decline and weak air freight segment raise near-term concerns. Diversification and government policy tailwinds for the logistics sector provide a supportive long-term outlook.