HT Bureau
GUWAHATI, Feb 6: Transport Corporation of India Ltd (TCI) on Friday reported steady growth in revenue and profitability for the third quarter of FY2026, supported by festive-season demand and higher traction across key consumption-driven sectors.
For the quarter ended December 31, 2025, TCI posted a consolidated revenue of ₹12,609 million, registering a year-on-year growth of 9.3 per cent compared to ₹11,539 million in the corresponding period last year.
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Consolidated EBITDA stood at ₹1,616 million, also up 9.3 per cent from ₹1,478 million, while profit after tax rose 13.4 per cent to ₹1,158 million from ₹1,021 million.
For the nine-month period ended December 31, 2025, consolidated revenue increased by 8.6 per cent to ₹36,289 million, compared to ₹33,413 million a year earlier.
EBITDA for the period grew 9.3 per cent to ₹4,760 million, while PAT rose 11.8 per cent to ₹3,365 million.
On a standalone basis, the company reported Q3 FY2026 revenue of ₹11,132 million, up 6.8 per cent year-on-year, with EBITDA at ₹1,699 million, a growth of 7.2 per cent.
Standalone PAT increased 10.4 per cent to ₹1,305 million. For the nine-month period, standalone revenue grew 5.7 per cent to ₹32,122 million, while PAT rose 12.1 per cent to ₹3,425 million.
Commenting on the performance, Vineet Agarwal, managing director of TCI, said the third quarter reflected the inherent seasonality of the logistics business, aided by festive-led demand across automotive, FMCG and MSME-driven integrated logistics solutions.
In a statement, he said while the initial phase of GST 2.0 caused short-term disruptions, improved clarity later in the quarter led to a sharp pickup in movements, particularly in finished goods and inventory rebalancing.
Agarwal noted that automotive, 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.
He said the company’s diversified operating model, dense branch network and execution capabilities helped it navigate volatility while maintaining margin discipline.
Looking ahead, Agarwal said near-term demand may moderate as festive-led momentum normalises, but improving MSME sentiment, rising consumption in tier-2 and tier-3 markets, sustained public infrastructure investment and expanding trade opportunities following multiple free trade agreements provide a constructive medium-term outlook.
He added that TCI will continue to focus on disciplined capital allocation, operational excellence and long-term value creation aligned with India’s growth trajectory.
