Warehousing & Logistics company TCI Express announced Q2FY26 results Total Income: Rs 312 crore compared to Rs 313.90 crore during Q2FY25. EBITDA: Rs 39 crore compared to Rs 41 crore during Q2FY25.. EBITDA Margin: 12.4% for Q2FY26. PAT: Rs 25 crore compared to Rs 26 crore during Q2FY25. PAT Margin: 8.1% for Q2FY26 Chander Agarwal, Managing Director, said: “Q2FY26 showed consistent progress over the previous quarter, marked by consistent operational performance, disciplined execution and sustained effort toward adding new verticals within the Surface segment. The Performance was moderately impacted by GST reforms, including rate cuts and realignments during the quarter. However, the festive season helped drive demand in lifestyle, garments, and other product categories and MSME activity showed gradual improvement. Furthermore, the Company continued to strengthen its multimodal capabilities in the express logistics space. The Surface Express division continues to be the largest contributor to the business. We added 10 new branches in this division which expanded network coverage and enhanced last-mile reach. Rail Express delivered 25% YoY growth, driven by 25 new branch additions and the successful implementation of appointment-based deliveries. Additionally, Air Express maintained strong momentum, International Air Express grew 40% YoY through direct space arrangements with an international carrier, while Domestic Air Express strengthened its reach through new connections at Lucknow and Varanasi airports. The C2C segment continued to expand, with a 15% growth supported by new customer acquisitions and regional expansion initiatives. During the quarter, the Company leased a larger sorting center in Mumbai, nearly three times the size of the existing one. This expansion is expected to enhance operational efficiency, reduce costs and support future growth and capacity requirements in western part of India. The Company continued to invest in digital transformation through the planned implementation of Zoho CRM to streamline customer management and operational coordination. These infrastructure and technology initiatives, combined with disciplined cost control and an asset-light model, have enhanced network efficiency and supported consistent service delivery. The Company also rolled out management and employee training programs across all levels to strengthen business quality and operational excellence. For the quarter TCI Express reported total income of Rs 312 crore and Profit After Tax of Rs 25 crore. The Company remains debt-free with strong liquidity, highlighting its operational agility, financial strength and readiness for sustained growth. Direct costs remained stable during the quarter, indicating effective cost management and operational efficiency. Furthermore, the Company continued to advance its social initiatives through the TCI Express Foundation. In September 2025, the Foundation organized its annual Blood Donation Drive nationwide to honour Late Shri P.D. Agarwal Ji on his Punya Tithi (Death Anniversary). The Jaipur Foot & Rehabilitation Centre in Lucknow supported many beneficiaries with artificial limbs and assistive devices, while ongoing initiatives such as the Archery Academy in Khunti, Jharkhand and the rural development programs in collaboration with the Global Vikas Trust continue to promote inclusive growth and community upliftment. Looking ahead, the company remains focused on expanding its infrastructure and strengthening multimodal operations. We are also expanding into new verticals, such as defense, electric vehicles (EV) and solar energy, which align with emerging trends and growth opportunities in the logistics space. With a strong balance sheet and consistent investments in technology, TCI Express is well-positioned to capture emerging opportunities in India’s logistics sector and deliver sustainable value to its stakeholders in the Quarters ahead." Result PDF