TCI Express reported Q1 growth across segments with a buyback announcement, and analyst Sharad Avasthi gave a target of 600 plus

Tue 29 Sep 2026

Q1 revenue growth

11 odd percent

Margin expansion

20 bips

Volume growth

2.5 lakh metric ton, up 7 percent

Surface express growth

9 odd percent

Air freight growth

26 to 29 odd percent

Heard on Live TV News Channel between 13:46:04 - 13:47:19 IST.

• Company saw broad-based Q1 growth of around 11%, with margins expanding nearly 20 bps.
• Overall volume uptake was nearly 2.5 lakh metric tons, up about 7%; surface express up nearly 9%, air freight up 26-29%.
• E-commerce segment surged nearly 63%, the fastest growing segment for the company.
• Company guided revenue growth of 13-15% for the coming year, margin uptake of 100-150 bps, and PAT growth of 20-25%.
• Stock was buzzing on a buyback meeting; Sharad Avasthi said logistics has structural tailwinds from e-commerce and retail, expects buyback of around 5% boosting EPS by 5-6%, and sees targets of 600 plus over two years on 25-27% earnings growth at 25-30x valuation.

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