Q3 2026 TCI Express Ltd Earnings Call Transcript
Key Points
- TCI Express Ltd (NSE:TCIEXP) reported a 6% year-on-year growth for the quarter, indicating stable performance despite a mixed operating environment.
- The company announced an interim dividend of INR7 per share, representing a payout of 350% on the face value, showcasing its commitment to shareholder value.
- The Rail Express segment delivered a robust 24% year-on-year growth, driven by higher pharma volumes and technology-led improvements.
- Customer acquisition remained strong, with registered customer additions more than doubling on a year-on-year basis.
- TCI Express Ltd (NSE:TCIEXP) maintained a debt-free balance sheet with a strong net cash position of INR146 crores, supporting ongoing investments and operational requirements.
- Certain industrial and export-linked segments showed moderation, impacting overall growth potential.
- The company's EBITDA margin for the quarter was 11.6%, which is lower than its historical peak EBITDA margin of 16%.
- Working capital days increased due to festive season volumes and timing of collections, although it remains within manageable levels.
- The company revised its projected CapEx from INR500 crores to INR400 crores, indicating potential scaling back of expansion plans.
- Employee costs increased due to labor code impacts and expansion of the sales team, which could pressure margins if not offset by revenue growth.
Ladies and gentlemen, good day, and welcome to the TCI Express Q3 FY26 Earnings Conference Call hosted by Phillip Capital India Private Limited.
This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call.
These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions) Please note that this conference call is recorded.
I would now hand the conference over to Mr. Vikram Balas Suryavanshi from Phillip Capital. Thank you, and over to you, sir.
Thank you, Muskan. Good evening, and a very warm welcome to everyone. Thank you for being on the call of TCI Express. We are happy to have the management with us here today for question-and-answer session with the investment community. The management is represented by Mr. Chander Agarwal, Managing Director; Mr. Pabitra Panda, Chief Business Officer; and Mukti Lal,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
