Strong client addition from SME to aid revenue growth In spite of competition from rivals like Blue Dart, Gati and Rivigo, TCI Express has been consistently clocking double digit growth (15%+). Revenue growth has been driven by volume growth and increased business from addition of new customers. Q1FY20 appears to be impacted by the general slowdown in manufacturing activity and disruptions due to general elections. However, we expect the company to report revenue growth of 15% in FY20 driven by new client additions, particularly from the SME...