Tci Express Ltd. · NSE:TCIEXP
Tci Express — FY2026 Earnings Presentation
39 slides from Tci Express's earnings presentation, May 2026
Slide 1: Q4 & FY26 Earnings Presentation
0 Q4 & FY26 Earnings Presentation May 2026 1 www.tciexpress.in
Slide 2: TCI Express at a Glance
TCI Express at a Glance ✓ Completed a decade post demerging, positioning itself as a leading B2B delivery company in India. Ranked 1040 by market capitalization as of 2016 60,000+ 1 December 31, 2025 ✓ Serves 97% of B2B customers and 3% of B2C Year of Listing Location Served customers 5,500+ 200+ ✓
Slide 3: Why TCI Express?
Why TCI Express? Asset Light Business Model Containerized & Multimodal Network Operating with an asset-light model, End-to-end containerized movement enabling high network utilization, cost ensuring secure handling, reduced transit discipline, and flexibility to scale capacity damage, and consistent
Slide 4: Service Offerings and Geographical Footprint
Service Offerings and Geographical Footprint Express Services 28 Surface Express Sorting Centres Domestic Air Express 500+ Express Routes International Air Express 2,500+ Feeder Routes Rail Express 970+ C2C Express Company Branches 4 E-Commerce Express 4
Slide 5: Automated Sorting Centers
Automated Sorting Centers GIGA Sorting Centre, Gurugram Chakan Sorting Centre, 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: Equipped with AI cross-belt sort
Slide 6: Expanding Service Offering: Surface Express
Expanding Service Offering: Surface Express One of India’s largest time-critical surface express networks, covering 60,000+ locations with an expanding branch network, fully containerized fleet and technology-enabled logistics solutions focused on reliability, scalability and service excellence Key
Slide 7: Expanding Service Offering: Domestic Air Express
Expanding Service Offering: Domestic Air Express A domestic air express platform focused on speed, reliability, and operational efficiency, supporting 18% YoY growth in Q4 FY26 through expanded airport connectivity, optimized capacity utilization and technology-enabled service execution Key Differen
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 major Indian airports with 3,000+ pickup points, ensuring seamless global reach, with 22% annual growth in FY26 International Air Express Facilitate third-countr
Slide 9: Expanding Service Offering: Rail Express
Expanding Service Offering: Rail Express Expanding Horizons with Rail: Faster, Greener and Cost-Effective Freight Solutions Rail Express recorded a growth of 35% in Q4 FY26 Improved Customer Loyalty Rail Express Operation Modal Origin Shorter Synergistic with Existing Delivery Branch Consignor Rail
Slide 10: Expanding Service Offering: C2C Express
Expanding Service Offering: C2C Express Utilizing an asset-light business model, the company strengthened its customer base through new customer additions, FTL conversion initiatives and enhanced operational execution across multiple regions C2C segment recorded a growth of Transportation Mode – Fas
Slide 11: Expanding Service Offering: Money Back Guarantee & E-Commerce
Expanding Service Offering: Money Back Guarantee & E-Commerce Premium Service Money Back Guarantee E-Commerce Strong business momentum driven by rapid expansion of B2C last-mile deliveries, technology-enabled logistics solutions and scalable multimodal e-commerce operations across key markets ✓ Vend
Slide 12: Q4 FY2026 Highlights (Standalone)
Q4 FY2026 Highlights (Standalone) Total Income EBITDA Profit After Tax Rs. 331 Cr Rs. 37 Cr Rs. 21 Cr 11.3% Margin 6.3% Margin Key Highlights Outlook ➢ TCI Express strengthened business momentum across key verticals through customer ➢ Focus on high-growth segments including Automotive, Defence, Sola
Slide 13: Management Perspective
Management Perspective Commenting on the performance, Mr. Chander Agarwal, Managing Director, said: “Q4 FY2026 marked another quarter of positive business momentum for TCI Express, with the Company delivering sequential improvement and maintaining growth trajectory for the second consecutive quarter
Slide 14: Q4 FY2026 Performance Discussion (Standalone)
Q4 FY2026 Performance Discussion (Standalone) ➢ Total Income for the quarter stood at Rs. 331.1 Crores ➢ For Q4 FY26, while economic activity moderated in March 2026 due to disruptions in trade and transport indicators, overall business trends remained stable with improvement across a majority of no
Slide 15: Quarterly Performance Trends (Standalone)
Quarterly Performance Trends (Standalone) Fig in Cr. Stable financial performance while sustaining margin profile amidst market dynamics. Total Income EBITDA and Margins 313.1 317.1 331.1 36.7 37.4 33.7 11.6% 10.8% 11.3% Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 PBT and Margins PAT and Margins
Slide 16: Q4 and FY2026 Financial Performance (Standalone)
Q4 and FY2026 Financial Performance (Standalone) Q4 Y-o-Y Q3 Q-o-Q Y-o-Y Particulars (in Cr) FY2026 FY2025 % FY2026 % FY2026 FY2025 % Income from Operations 326.8 307.5 6.3% 314.1 4.1% 1,236.2 1,208.3 2.3% Other Income 4.3 5.6 3.1 14.3 12.9 Total Income 331.1 313.1 5.8% 317.1 4.4% 1,250.4 1,221.1 2.
Slide 17: FY2026 Highlights (Standalone)
FY2026 Highlights (Standalone) Total Income EBITDA Profit After Tax Rs. 1,250 Cr Rs. 146 Cr Rs. 90 Cr 11.7% Margin 7.2% Margin Key Highlights Outlook ➢ TCI Express maintained steady business growth across core business segments despite ➢ TCI Express will focus on strengthening its core Surface Expre
Slide 18: Annual Performance Trend (Standalone)
Annual Performance Trend (Standalone) * All numbers in Crores unless specified Industry-leading margin profile Total Income EBITDA and Margins 1,261.0 1,248.2 1,250.4 202.0 194.0 143.0 146.0 1,221.2 16.2% 15.4% 11.7% 11.7% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 PBT and Margins PAT and Margins 185.0
Slide 19: Key Ratios (Standalone)
Key Ratios (Standalone) Delivering consistent growth and profitability for our shareholder Dividend Per Share (Rs) and Payout (%) Return on Capital Employed (%)* 9.0 8.0 8.0 8.0 37.7% 33.3% 39.0% 34.0% 21.7% 19.9% 22.0% 23.0% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Current Ratio (x) Cash Conversion
Slide 20: 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 147 136 118 112 96 84 60 22 FY23 FY24 FY25 FY26* Cash Flow from Operations Free Cash Flows ➢ Cash flow from operations of Rs. 112 crore for FY202
Slide 21: 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 Mar-26 Payables Days Long Term Debt 0.0 0.0 0.0 Short Term Debt 3.0 0.0 0.0 38 36 33 Total Debt 3.0 0.0 0.0 Less: Liquid As
Slide 22: Balance Sheet (Standalone)
Balance Sheet (Standalone) Particulars (Rs Crores) FY2025 FY2026 Particulars (Rs Crores) FY2025 FY2026 Assets Equity and Liabilities Non-Current Assets Equity Property, Plant and Equipment 420.9 443.2 Equity Share Capital 7.7 7.7 Right of Use Assets 29.6 49.6 Capital Work in Progress 15.0 28.5 Other
Slide 23: Top Industry Players Margins and Profitability
Top Industry Players Margins and Profitability EBITDA Margins % EBIT Margins % 14.0% 21.4% 13.5% 8.5% 11.3% 9.4% 6.5% 3.6% 3.1% 2.6% TCI Express Peer 1 Peer 2 Peer 3 Peer 4 TCI Express Peer 1 Peer 2 Peer 3 Peer 4 PAT Margins % 8.4% 6.3% 3.8% 2.5% 1.2% TCI Express Peer 1 Peer 2 Peer 3 Peer 4 Notes: 1
Slide 24: Last One Decade Key Takeaways
Last One Decade Key Takeaways Inherent Business Strength Expanding Business Generating Returns for Stakeholders ✓ Maintained healthy profitability ➢ Locations servicing from 32,000 during the period with a strong ✓ Fastest B2B Express Delivery balance sheet exceeding Rs. 1,000 Company in India locat
Slide 25: 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 26: Strategy and Outlook
Strategy and Outlook ✓ Surface Express to remain the core growth driver with increased focus on sectors such as solar, EV, defense, ✓ Planned CapEx of Rs. 500 Cr. in 5 years (FY23-FY27) engineering and manufacturing ✓ Growth across Air, Rail, C2C and E-Commerce verticals to be ✓ CapEx till FY26 was
Slide 27: Strategic Priorities by 2030
Strategic Priorities by 2030 Expansion into New Markets Sustainability Initiatives • Continue expanding the owned branch network beyond • Expand use of renewable energy with additional solar the current locations, with deeper penetration in Tier II, installations at logistics facilities, building on
Slide 28: Growth Drivers: Logistics' Industry
Growth Drivers: Logistics' Industry Infrastructure Development Technology Integration Sustainability Growing Demand • Dedicated Freight Corridors: 96% of the • ULIP Platform: Crossed 160+ crore digital • Green Logistics Push: Government • Manufacturing & PLI: Strong growth in 2,843 km Eastern & West
Slide 29: Growth Drivers: Logistics' Industry
Growth Drivers: Logistics' Industry Tax & Policy Support for Logistics Automation, Robotics & Digitalisation • Continued rationalisation of GST processes and e-way bill systems to improve cash • Wider adoption of automated sorters, AI-based route planning, IoT and real-time flows and ease of doing b
Slide 30: 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 is the Chairman Mr. Chander Agarwal has pursued Mr. Mukti Lal, a Chartered Mr.
Slide 31: Market Challenges Impacting Logistics Sector
Market Challenges Impacting Logistics Sector Key Factors Impacting the Logistics Sector Purchasing Managers Index (Change in Index Points) Uneven Demand Recovery: Economic activity remains uneven across sectors and regions, with moderation in industrial momentum and selective recovery in demand, lea
Slide 32: Sectoral and Economic Dynamics Influencing Logistics
Sectoral and Economic Dynamics Influencing Logistics Broader Economic and Sector-Specific Headwinds ✓ Economic Activity Trends: The ICRA Business Activity Monitor recorded a moderation in YoY growth to 7.6% in March 2026 from 10.0% in February 2026, impacted by disruptions arising from the West Asia
Slide 33: 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 organized a CS
Slide 34: Sustainability Initiatives
Sustainability Initiatives Environmental Social Governance GHG Emission Reduction Community Development & CSR Initiatives Board Composition and Diversity TCI Express has undertaken several initiatives to reduce TCI Express, in collaboration with its Group foundations i.e. TCI The Board comprises a b
Slide 35: 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 36: Awards and Recognition
Awards and Recognition Certificate Corporate Governance ISO 9001:2015 ISO 14001:2015 ISO 45001:2018 Industry Recognition Ranked 1,040 based on Credit Instruments rated by two Market Capitalization, as on leading Credit Rating Agencies December 31, 2025 CRISIL Rating: AA- ICRA Rating: A1+ Sustainabil
Slide 37: Capital Market Information
Capital Market Information Share Price Information, as on 31st March 2026 Key Facts 31st March 2026 CAGR Return: TCI Express 3% S&P BSE Sensex 11% BSE / NSE Ticker 540212/ TCIEXP 3000 CMP (Rs.) 460.75 2500 Shares O/S (Cr) 3.84 2000 Market Cap (Rs. Cr) 1,770 1500 52 Week H/L (Rs.) 870/451 1000 500 0
Slide 38: 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 39: 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 39