TCI Announces Strong Growth in Q3 FY2026 Financial Results

Gurugram, February 04, 2026 – Transport Corporation of India Ltd. (TCI), India’s leading integrated multimodal logistics and supply chain solutions provider, today announced its financial results for the third quarter and nine months ended December 31, 2025.

Financial Highlights for Q3/FY2026:

• Revenue: TCI reported a consolidated revenue of ₹12609 Mn, marking a growth of 9.3% compared to ₹11539 Mn in the same period last year.
• EBITDA: The Company’s Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹1616 Mn, a 9.3% increase from ₹1478 Mn in Q3/FY2025.
• Profit after Tax (PAT): PAT rose by 13.4% to ₹1158 Mn, compared to ₹1021 Mn in the corresponding quarter of the previous year.

Consolidated

Standalone

Management Commentary

Commenting on the Q3FY2026 performance, Mr. Vineet Agarwal, MD – TCI, said:

“Quarter 3 reflected the inherent seasonality of the logistics business, supported by festive-led demand which led to positive traction across automotive, FMCG and MSME-driven integrated logistics solutions. While the initial phase of GST 2.0 led to short-term disruption, the subsequent clarity resulted in a sharp pickup in movements, particularly in finished goods and inventory rebalancing. Automotive, along with consumer durables, pharmaceuticals and e-commerce, emerged as key growth drivers during the quarter, supported by record road and rail volumes and improved warehousing utilisation.

Our ability to navigate this volatility underscores the resilience of TCI’s diversified operating model, dense branch network and strong execution capabilities, enabling us to respond swiftly to demand fluctuations while maintaining margin discipline. We remain mindful that a portion of the quarter’s momentum was event-led and inventory-driven, with volumes expected to normalise post the festive period.

We continued to advance our strategic priorities by scaling up rail, coastal and network-led logistics solutions, alongside expanding warehousing and value-added offerings. Enhancing asset productivity, cost efficiency and sustainability remains central to our execution strategy. The steady evolution of our portfolio toward end-to-end logistics positions us well to serve increasingly complex supply chains, including quick commerce, omni-channel retail and D2C brands, which demand speed, scalability and reliability.

Looking ahead, while near-term demand may moderate, improving MSME sentiment, rising consumption in tier-2 and tier- 3 markets, sustained public infrastructure investment and expanding trade opportunities especially in wake of multiple FTA’s, provide a constructive medium-term outlook. TCI remains focused on disciplined capital allocation, operational excellence and long-term value creation aligned with India’s growth trajectory”

About Group TCI: Group TCI, with revenues of over Rs. 7000 Cr is India’s leading integrated supply chain and logistics solutions provider. TCI group with expertise developed over 6 decades has an extensive network of company owned offices, 16+ Mn. sq. ft. of warehousing space and a strong team of trained employees. With its customer-centric approach, world class resources, state-of-the-art technology and professional management, the group follows strong corporate governance and is committed to value creation for its stakeholders and social responsibilities. TCI has been the first to launch several solutions in the logistics field. Its product offering includes:

TCI Freight: India’s leading surface transport entity. This division is fully equipped to provide total transport solutions for cargo of any dimension or product segment. It transports cargo on FTL (Full truck load)/ LTL (Less than truck load)/ Small packages and consignments/ Over Dimensional cargo.

TCI Supply Chain Solutions: TCI SCS is a single window enabler of integrated supply chain solutions right from conceptualization and designing the logistics network to actual implementation. The core service offerings are Supply Chain Consultancy, Inbound Logistics, Warehousing / Distribution Centre Management & Outbound Logistics.

TCI Seaways: TCI Seaways is well equipped with six ships in its fleet and caters to the coastal cargo requirements for transporting containers and bulk cargo. Being the pioneers in multimodal coastal shipping and container cargo movement and transportation services, TCI Seaways connects India with its western, eastern, and southern ports.

TCI Chemlog Pvt. Ltd.: Offers End-to-end integrated, secure and compliant solutions for transporting hazardous and non- hazardous chemicals in solid, liquid, and gaseous forms for diverse industries including pharma, agro-chem, petro-chem, dyes & paints, speciality chemicals, healthcare and others. Backed by certified storage and a multimodal fleet—ISO tanks, gas tankers and flexi tanks—it ensures safe, efficient movement via road, rail, and coastal routes, with strict adherence to safety and regulatory standards.

TCI Cold Chain Solutions Ltd.: Integrated cold chain service provider to meet the needs of temperature-controlled warehousing and distribution services. The facility caters to the needs of various industries such as agriculture products, processed foods, life sciences, health care and specialty chemicals, among others.

TCI CONCOR Multimodal Solutions Pvt. Ltd.: An end-to-end multimodal logistics solutions provider, it is a joint venture between TCI and Concor. This segment synergises the strengths, infrastructure and capabilities of TCI Group with rail infrastructure of Concor. It establishes a cost-effective integrated rail-road service.

Transystem: Transystem Logistics International Pvt Ltd. (TLI), a JV between TCI and Mitsui & Co., carved its niche by offering high quality integrated logistics solutions to Japanese Automotive Manufacturers and Suppliers in India. TLI offers a wide range of services like IBL for Production Parts (Just-In-Time basis) OBL, Warehousing, Spare Parts delivery (After Sales Service), CKD container transportation etc.

TCI Express Ltd: A leading express distribution specialist that offers a single window door-to-door & time definite solution for customers’ express requirements

TCI Developers Ltd: It undertakes development of large modern Warehouses, Logistics Parks etc.

TCI Foundation: TCI Foundation, the social arm of Transport Corporation of India Limited (TCI), endeavours to support & assist lesser privileged communities in India by facilitating Health Services, Education, Community and Sports Development. TCI Foundation is associated with Government of India, State Governments, International Organizations, Public Sector Undertakings and Corporates of repute to deliver the quality controlled CSR activities in India.