TCI Express reports strong Q2 FY26 growth, expands globally

TCI Express reported total income of INR 312 Cr for Q2 FY26, with a net profit after tax of INR 25 Cr, achieving an 8.1% margin. This performance was supported by a 25%+ year-on-year growth in the Rail Express segment and a 15%+ growth in the C2C segment. The company maintained positive momentum despite GST reforms and U.S. trade tariffs, with a capacity utilization of 83%. TCI Express is expanding its infrastructure, including relocating the Mumbai sorting center to a facility three times larger, and plans to automate facilities in Kolkata and Ahmedabad.

In a key strategic move, the board approved the acquisition of 100% of equity shares of TCI Global (Singapore) Pte. Ltd. for up to SGD 18,000. This acquisition aims to strengthen TCI Express's regional presence, optimize resources, and expand its global logistics and express business. The company will also issue a corporate guarantee of up to SGD 5 million to DBS Bank Limited, Singapore, for its subsidiary's banking facilities.

TCI Express continues to focus on enhancing customer engagement and business development by deploying 200 dedicated sales teams across various services. The company is targeting growth in sectors like Aerospace and Engineering and expanding its Air Express network into new regions, with a goal for Rail Express, Air Express, C2C Express, cold chain, and E-commerce to contribute 20-22% of total revenue over the next two to three years.