Tci Express Ltd. · NSE:TCIEXP
Tci Express — Q1 FY2026 Earnings Presentation
37 slides from Tci Express's earnings presentation, Aug 14, 2025
Slide 1: Q1 FY26 Earnings Presentation
0 Q1 FY26 Earnings Presentation 14th August, 2025 1 www.tciexpress.in
Slide 2: TCI Express at a Glance
TCI Express at a Glance ✓ Completed 9 years post demerging, positioning itself as a leading B2B delivery company in India. Ranked 836 by market capitalization as of 2016 60,000+ 1 December 31, 2024 ✓ Serves 98% of B2B customers and 2% of B2C Year of Listing Location Served customers 5,500+ 200+ ✓ ER
Slide 3: Why TCI Express?
Why TCI Express? Asset Light Business Model Containerized Movement Operating with an asset-light model, Containerized movement for secure and optimizing efficiency and flexibility without efficient transport, minimizing handling heavy investments in physical assets. and reducing the risk of damage.
Slide 4: Service Offerings and Geographical Footprint
Service Offerings and Geographical Footprint Express Services 28 Sorting Centres Surface Express 500+ Express Routes Domestic and International Air Express 2,500+ Rail Express Feeder Routes C2C Express 970+ Company Branches E-Commerce Express Pharma Cold Chain Express 4 4
Slide 5: Automated Sorting Centers
Automated Sorting Centers GIGA Sorting Centre, Gurugram Chakan Sorting Centre, Pune Location: Gurugram Location: Pune Area: 2 lakh sq.ft Area: 1.40 lakh sq.ft PPH 15,000 PPH 11,000 Solar Panel: 600 KW Solar Panel: 280 KW Operational: India's first and largest automated B2B sorting center Operational
Slide 6: Expanding Service Offering: Surface Express
Expanding Service Offering: Surface Express Express solutions with over 60,000 locations with fully containerized fleet of vehicles, offers customized value-added services to meet customer's requirements Over 50K pickup locations Key Differentiators Fully containerized and 60K delivery locations Rob
Slide 7: Expanding Service Offering: Domestic Air Express
Expanding Service Offering: Domestic Air Express Domestic Air Express solutions offer round-the-clock time-sensitive express delivery with doorstep service, ensuring delivery within 24 hours in major metros and 48 hours in Mini Metros and A-class cities Key Differentiators Comprehensive Service Opti
Slide 8: Expanding Service Offering: International Air Express
Expanding Service Offering: International Air Express International Air Express services to over 200 countries and territories, connecting all major Indian airports with 3,000+ pickup points, ensuring seamless global reach International Air Express 200+ Customized pricing based on Facilitate third-c
Slide 9: Expanding Service Offering: Rail Express
Expanding Service Offering: Rail Express Expanding Horizons with Rail: Faster, Greener and Cost-Effective Freight Solutions Improved Customer Loyalty Origin Delivery Consignor Railway Branch Shorter Synergistic with Existing Station Turnaround Time Express Business Uninterrupted Higher Margin Busine
Slide 10: Expanding Service Offering: C2C Express
Expanding Service Offering: C2C Express Utilizing an asset-light business model, the customer base expanded by 20%, driven by growth from both new and existing customers C2C segment recorded a growth of Transportation Mode – Milk Run 14%+ in Q1 FY26 ✓ Comprehensive transportation from origin to mult
Slide 11: Expanding Service Offering: Pharma Cold Chain & E-Commerce
Expanding Service Offering: Pharma Cold Chain & E-Commerce TCI Express Pharma Cold Chain Transportation E-Commerce Real-time Performing Strong Q1 momentum, B2C biker deliveries are temperature Additional Standard Operating Procedures regular pull- data loggers expanding into metros, supported by rob
Slide 12: Q1 FY2026 Highlights
Q1 FY2026 Highlights Total Income EBITDA Profit After Tax Rs. 290.2 Cr Rs. 33.4 Cr Rs. 21.0 Cr 11.5% Margin 7.3% Margin Key Highlights Outlook ➢ The Surface Express segment has maintained stable direct costs across April 2025 to June 2025 ➢ TCI Express remains focused on expanding its infrastructure
Slide 13: Management Perspective
Management Perspective Commenting on the performance, Mr. Chander Agarwal, Managing Director, said: "Q1 FY2026 marked a steady beginning for TCI Express, with the Company sustaining its momentum through a disciplined operational approach and continued investments in network expansion. The performanc
Slide 14: Q1 FY2026 Performance Discussion
Q1 FY2026 Performance Discussion ➢ Total Income for the quarter stood at Rs. 290.3 Crores ➢ In Q1 FY26, domestic volume growth remained modest across key auto segments—including two-wheelers, passenger vehicles, light commercial vehicles and medium & heavy commercial vehicles. Resulting in softer re
Slide 15: Quarterly Performance Trends
Quarterly Performance Trends Fig in Cr. Stable financial performance while sustaining margin profile amidst market dynamics. Total Income EBITDA and Margins 295.26 313.1 290.2 35.8 12.1% 33.7 33.4 10.8% 11.5% Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 PBT and Margins PAT and Margins 30.5 23.1 2
Slide 16: Cash Flow from Operations vs Free Cash Flows
Cash Flow from Operations vs Free Cash Flows Integration of scale, expertise and technology ensures long-term sustainability of cash flows from operations 147 136 128 118 90 74 48 22 FY22 FY23 FY24 FY25 Cash Flow from Operations Free Cash Flows ➢ Cash flow from operations of Rs. 117.5 crore for FY20
Slide 17: Leverage Profile and Working Capital Cycle
Leverage Profile and Working Capital Cycle Credit rating of A1+ Short Term (ICRA) and AA- Long Term (CRISIL) Stable Working Capital Management Particulars (in Cr) Mar-24 Mar-25 Jun-25 Payables Days Long Term Debt 0.0 0.0 0.0 Short Term Debt 3.0 0.0 1.3 39 Total Debt 3.0 0.0 1.3 35 35 Less: Liquid As
Slide 18: Q1 and FY2026 Financial Performance
Q1 and FY2026 Financial Performance Q1 Y-o-Y Q4 Q-o-Q Y-o-Y Particulars (in Cr) FY2026 FY2025 % FY2025 % FY2025 FY2024 % Income from Operations 286.7 293.0 (2.1)% 307.5 (6.7)% 1,208.3 1,253.8 (3.6)% Other Income 3.4 2.3 5.6 12.9 7.2 Total Income 290.2 295.3 (1.7)% 313.1 (7.3)% 1,221.1 1,261.0 (3.2)%
Slide 19: Annual Performance Trend
Annual Performance Trend * All numbers in Crores unless specified Industry-leading margin profile Total Income EBITDA and Margins 1,248.2 1,261.0 1,221.2 183.0 202.0 194.0 143.0 1,089.6 16.2% 15.4% 16.8% 11.7% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 PBT and Margins PAT and Margins 185.0 174.0 139.3
Slide 20: Key Ratios
Key Ratios Delivering consistent growth and profitability for our shareholder Dividend per Share (Rs) & Payout (%) Return on Capital Employed (%) 36.2% 37.7% 8.0 8.0 8.0 8.0 33.3% 21.7% 34% 24% 22% 23% FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 Current Ratio (x) Cash Conversion Ratio (%) 3.18x 2.93x 2.
Slide 21: Top Industry Players Margins and Profitability
Top Industry Players Margins and Profitability EBITDA Margins % EBIT Margins % 21.1% 12.4% 9.7% 9.0% 11.5% 11.5% 9.0% 3.8% 4.7% 3.6% 1.0% 0.0% TCI Express Peer 1 Peer 2 Peer 3 Peer 5 Peer 4 TCI Express Peer 1 Peer 2 Peer 3 Peer 5 Peer 4 PAT Margins % 9.3% 7.3% 6.7% 2.4% 0.3% 0.0% TCI Express Peer 2
Slide 22: Last 9 Year Key Takeaways
Last 9 Year Key Takeaways Inherent Business Strength Expanding Business Generating Returns for Stakeholders ➢ Locations servicing from 32,000 ✓ We maintained moderate margins ✓ Fastest B2B Express Delivery and profitability during the period, Company in India locations in FY 2017 to 60,000 reflectin
Slide 23: Express Industry – An Outlook
Express Industry – An Outlook India, under Atmanirbhar Bharat and Make in India, targets a $5T economy by India GDP $4.19 Tn India Logistics Sector $500± Bn 2027, with logistics playing a key role. The sector, contributing 12-14% to GDP and employing 22M+, is projected to grow at an 8.8% CAGR by 202
Slide 24: Strategy and Outlook
Strategy and Outlook ✓ Launch and expansion of Rail service offerings ✓ Planned CapEx of Rs. 500 crores in 5 years (FY23- FY27) Capital ✓ Emphasis on Extended and Value-Added services Expenditure such as Pharma Cold Chain and C2C express ✓ CapEx till FY25 was ₹202.43 Cr ✓ Continuous focus on volume
Slide 25: Strategic Priorities by 2030
Strategic Priorities by 2030 Expansion into New Markets Sustainability Initiatives • TCI Express aims to grow its network further by • TCI Express is advancing sustainability through increasing the number of service locations, concrete actions across its operations, including pickup points and deliv
Slide 26: Growth Drivers: Logistics' Industry
Growth Drivers: Logistics' Industry Infrastructure Development Technology Integration Sustainability Growing Demand • Road Networks: Expansion under • Digitalization: IoT, RFID, GPS trackers and • ESG Practices: As more companies adopt • Manufacturing Expansion: Increased Bharatmala and PM Gati Shak
Slide 27: Growth Drivers: Logistics' Industry
Growth Drivers: Logistics' Industry Tax Benefits for the Logistics Industry Participants Automated Sorting and Robotics Union Budget 2025–26 boosts logistics with GST input credit simplification and reduced The adoption of automated sorting and logistics robots like Automated Guided Vehicles complia
Slide 28: Management Team
Management Team Mr. D P Agarwal, Mr. Chander Agarwal, Mr. Mukti Lal, Mr. Pabitra Mohan Panda, Chairman & Director Managing Director Executive Director and Chief Business Officer Chief Financial Officer Mr. D P Agarwal has been Mr. Chander Agarwal is a Mr. Mukti Lal, a seasoned Mr. Pabitra Mohan Pan
Slide 29: Market Challenges Impacting Logistics Sector
Market Challenges Impacting Logistics Sector Key Factors Impacting the Logistics Sector Purchasing Managers Index (Change in Index Points) Lower CCI: Soft demand conditions led to a gradual tapering in activity, with volumes stabilizing at lower levels. This impacted movement across categories and k
Slide 30: Sectoral and Economic Dynamics Influencing Logistics
Sectoral and Economic Dynamics Influencing Logistics Broader Economic and Sector-Specific Headwinds ✓ Weak Performance across sectors: After a mild rebound in April, YoY economic activity growth continued to weaken in June 2025. The ICRA Business Activity Monitor rose by 5.9%, down from 6.4% in May
Slide 31: CSR Initiatives
CSR Initiatives TCI Express has promoted inclusive development through impactful programs in healthcare, education, environmental sustainability, and uplifting underprivileged communities. Healthcare & Accessibility Rural Development Education Support & Skill Development • TCI Express's CSR initiati
Slide 32: Sustainability Initiatives
Sustainability Initiatives Environmental Social Governance GHG Emission Reduction TCI EXPRESS Foundation Board Composition and Diversity TCI Express has undertaken several initiatives to reduce TCI Express, in collaboration with its Group’s Foundation, The Board comprises a balanced mix of executive
Slide 33: ESG Profile – Consolidating all ESG Disclosures
ESG Profile – Consolidating all ESG Disclosures 1 5 4 3 2 6 TCI Express has established and continuously enhanced a dedicated section focused on its Environmental, Social and Governance (ESG) initiatives. This comprehensive section highlights the company’s commitment to sustainability and responsibl
Slide 34: Awards and Recognition
Awards and Recognition Corporate Governance Industry Recognition Ranked 836 based on Market Credit Instruments rated by two Capitalization, as on December leading Credit Rating Agencies Forbes Select 200 - 2024 The Economic Times Iconic 31, 2024 CRISIL Rating: AA- Brands of India -2024 ICRA Rating:
Slide 35: Capital Market Information
Capital Market Information Share Price Information, as on 30th June 2025 Key Facts 30th June 2025 CAGR Return: TCI Express 10% S&P BSE Sensex 15% BSE / NSE Ticker 540212/ TCIEXP 3000 CMP (Rs.) 762.80 2500 Shares O/S (Cr) 3.84 Market Cap (Rs. Cr) 2928 2000 52 Week H/L (Rs.) 1,283/580 1500 1000 500 0
Slide 36: Contact Information
Contact Information This presentation contains statements that are “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives and other statements relating to TCI Express’ future business developments and economic performance. W
Slide 37: TCI Express Limited
TCI EXPRESS LIMITED Flat Nos. 306 & 307, 1-8-201 to 203, 3rd Floor, Ashoka Bhoopal Chambers, S . P. Road, Secunderabad-500 003 P: +91 124 2384090-94 • E: info@tciexpress.in W: www.tciexpress.in • Toll free: 1800 2000 977 TCI Express Earnings Presentation Page 37