How did TCI Express perform in FY26?

The company saw modest growth with standalone revenue reaching ₹1,236.16 crore, up from ₹1,208.27 crore in the prior year. Net profit declined marginally to ₹89.84 crore from ₹90.77 crore.

What leadership changes were announced?

The board re-appointed Managing Director Chander Agarwal for another five years. Additionally, Vineet Agarwal was re-appointed as a director liable to retire by rotation.

Are there any other material governance updates?

The company appointed two new independent directors, revised its nomination policy, and formed a new executive committee. These are standard administrative updates.

Did the board approve any new equity incentives?

Yes, the board approved an ESOP grant of 46,200 options.

Earnings · Logistics · Small cap

TCI Express FY26 revenue inches up 2.3% as profit slips

The logistics firm reported FY26 standalone revenue of ₹1,236.16 crore, while profit dipped slightly to ₹89.84 crore.

— 2 earlier stories on TCI Express Ltd. →

TCIEXP 27 May 2026 · 7:43 PM IST Verify on BSE · NSE

Mkt cap₹1,960 cr

P/E23.12×

ROE11.23%

Debt / eq.0.00

Div yld1.56%

₹1,236.16 cr Standalone revenue for FY26.

What's new

Standalone revenue grew 2.3% to ₹1,236.16 crore in FY26.
Net profit fell 1% to ₹89.84 crore for the full year.
The board re-appointed MD Chander Agarwal for a five-year term.

Why this matters

The results are flat, reflecting a stagnant year for the company. Governance changes, including new independent directors and an executive committee, are routine and do not alter the investment thesis.

What we're watching

Whether the company can accelerate growth in the coming quarters.
The impact of the new executive committee on operational efficiency.
Future ESOP dilution following the grant of 46,200 options.

The full read

TCI Express delivered a muted performance in FY26. Standalone revenue climbed 2.3% to ₹1,236.16 crore from ₹1,208.27 crore in the previous year. Profitability remained under pressure, with net profit slipping 1% to ₹89.84 crore compared to ₹90.77 crore in FY25. The board used the meeting to finalize several governance items, including the five-year re-appointment of Managing Director Chander Agarwal and the addition of two independent directors. It also established an executive committee and authorized an ESOP grant of 46,200 options. These moves are routine administrative updates that do not signal a shift in strategy or financial trajectory. The filing contains no surprises, and the numbers align with a period of stagnation for the business.

Questions answered

How did TCI Express perform in FY26?: The company saw modest growth with standalone revenue reaching ₹1,236.16 crore, up from ₹1,208.27 crore in the prior year. Net profit declined marginally to ₹89.84 crore from ₹90.77 crore.
What leadership changes were announced?: The board re-appointed Managing Director Chander Agarwal for another five years. Additionally, Vineet Agarwal was re-appointed as a director liable to retire by rotation.
Are there any other material governance updates?: The company appointed two new independent directors, revised its nomination policy, and formed a new executive committee. These are standard administrative updates.
Did the board approve any new equity incentives?: Yes, the board approved an ESOP grant of 46,200 options.

Mentioned: Chander Agarwal · Vineet Agarwal

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on TCIEXP →

27 May 2026 · 7:43 PM IST TCI Express FY26 revenue inches up 2.3% as profit slips
today TCI Express reports flat growth as board confirms leadership terms
today TCI Express reports flat annual profits in routine board update