TCI Express Ltd 6% standalone profit rise

TCIEXP TCI Express reported Q2 FY27 standalone revenue of ₹335.9 crore, up 8.9% year-on-year, with EBITDA of ₹43 crore (up 10.8% YoY) and a 12.7% EBITDA margin—the highest in five quarters—while standalone PAT rose 6% to ₹26.7 crore; consolidated PAT was ₹23.47 crore (down 1.84% YoY), with total income up 8.8% to ₹339.3 crore and capacity utilisation at 84%. Growth was driven by Air Express and E-commerce, with Surface Express remaining the largest revenue contributor; management targets 11–12% volume growth in 2H FY27 on improving SME demand. On the governance side, the board approved Ranjana Agarwal as Non-Executive Independent Woman Director for five years (November 5, 2026–November 4, 2031), subject to a postal ballot. On the market side, shares closed at ₹521.05 on November 7, down 0.42%, with a market cap near ₹2,410 crore; Motilal Oswal initiated coverage with a Neutral rating and ₹530 target, citing steady Q2 performance, healthy surface-segment growth, and higher yields from large enterprises. The company also filed newspaper cuttings of Q2 results on November 6 and notified a KFin Technologies RTA office relocation.