TETCI Express540212Quarterly results

TCI Express Q2 FY27: total income up 8.8% to Rs. 339.3 crore, PAT up 6.0%

Q2 FY27 standalone total income up 8.8% to Rs. 339.3 crore, EBITDA up 10.8% to Rs. 43.0 crore, profit after tax up 6.0% to Rs. 26.7 crore.

By ScoutQuest · Thu 5 Nov 2026, 4:46 PM IST · 1 min read

Q2 FY27 total income

Rs. 339.3 crore, up 8.8% YoY

Q2 FY27 EBITDA

Rs. 43.0 crore, up 10.8% at 12.7% margin

Q2 FY27 PAT

Rs. 26.7 crore, up 6.0%

Period

Q2 and H1 FY27

Positioning

Calls itself India's fastest B2B express delivery company and one of India's largest time-critical surface express networks, spanning 500+ express routes, 60,000+ delivery locations and 200+ countries and territories.

📈 Q2 FY27 standalone total income rose 8.8% year on year to Rs. 339.3 crore and EBITDA 10.8% to Rs. 43.0 crore at a 12.7% margin, with profit after tax up 6.0% to Rs. 26.7 crore. For H1 FY27 the company reports total income of Rs. 654.6 crore, up 8.7%, and PAT of Rs. 49.0 crore, up 6.1%.

🏭 By vertical, the company says Surface Express, its largest revenue contributor, grew revenue 9.4% YoY in Q2 FY27, Domestic Air Express 29.4%, International Air Express 26.1% and E-Commerce Express 51.6%, the fastest-growing vertical, while Rail Express rose 25.9% sequentially; capacity utilisation was 84%.

💰 Some measures worsened: the presentation prints Q2 FY27 PAT margin at 7.9% against 8.1% a year earlier and PBT margin at 10.4% versus 10.6%, with the current ratio down to 2.59 from 3.34, partly offset by H1 ROCE improving to 22.0% from 20.0% and cash conversion to 35.1% from 30.5%.

🏭 Management states its priorities as deeper enterprise-account penetration, scaling the Air Express businesses through gateway teams, E-Commerce growth including ONDC integration and a planned digital wallet launch, plus pricing discipline. The presentation lists planned capex revised to Rs. 400 crore from Rs. 500 crore over FY23-FY27, with Rs. 349 crore spent till H1 FY27.

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