TCI rides festive demand: Q3 profit up 10%, revenue hits ₹1,064 crore, announces first dividend

Transport Corporation of India Ltdon Wednesday reported a 10.4% year-on-year increase in net profit for the third quarter, with profit rising to ₹130.5 crore from ₹118.2 crore in the corresponding period last year.

Revenue for the quarter grew 7.2% to ₹1,064 crore compared with ₹993.5 crore a year ago, while EBITDA increased 10.6% to ₹121.1 crore from ₹109.5 crore. EBITDA margin improved to 11.4% from 11% year-on-year.

The company also declared its first interim dividend of ₹9 per equity share of face value ₹2 each for FY26. The dividend will be paid to shareholders whose names appear in the Register of Members or the Register of Beneficial Owners as on the record date fixed as February 10, 2026.

Separately, the company said that the incremental impact of the four labour codes enacted by the Government of India is not material.

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Commenting on the Q3 FY2026 performance, Vineet Agarwal, Managing Director of TCI, said the quarter reflected the inherent seasonality of the logistics business, supported by festive-led demand that drove positive traction across automotive, FMCG and MSME-driven integrated logistics solutions.

He noted that while the initial phase of GST 2.0 caused short-term disruption, subsequent clarity led to a sharp pickup in movements, particularly in finished goods and inventory rebalancing, with automotive, consumer durables, pharmaceuticals and e-commerce emerging as key growth drivers, aided by record road and rail volumes and improved warehousing utilisation.

Agarwal said TCI’s ability to navigate this volatility highlighted the resilience of its diversified operating model, dense branch network and strong execution capabilities, even as the company remained mindful that part of the quarter’s momentum was event-led and inventory-driven and could normalise post the festive period.

He added that the company continued to scale up rail, coastal and network-led logistics solutions, expand warehousing and value-added offerings, and focus on asset productivity, cost efficiency and sustainability, positioning TCI to serve increasingly complex supply chains such as quick commerce, omni-channel retail and D2C brands.

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Transport Corporation of India Ltd shares closed at ₹1,085.30 on February 4, down ₹16.80 or 1.52%, on NSE.