StockWatch
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TRANSPORT CORPORATION OF INDIA LTD.

BSE: 532349

P/L Snapshot

Q1 FY27 · standalone

vs Q3 FY26·vs Q1 FY26
Revenue
1.1K
-0.1%+7.5%
Expenditure
982.50
+0.7%+9.2%
Net Profit
119.80
-8.2%-3.5%
OPM %
11.56%
+0.16pp+0.07pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.00311.70623.39935.091.2KQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q1 FY27
Price Chart
Reports

Growth Holds, Profits Slip — Cost Inflation Wins

margin compression · cost inflation · supply chain lag

Result verdictFollow-upQ1 FY2717 Aug 20266 minIndustrials & Infra

9% growth met, profits fell; margin pressure persists

cautious_optimism · margin_compression · bunker_volatility

TranscriptDeep diveQ1 FY2717 Aug 20266 minIndustrials & Infra

TCI Q1: revenue +10% YoY but consolidated PAT flat at ₹106 Cr on margin squeeze

logistics · freight · supply chain

ResultsQ1 FY2730 Jul 20263 minIndustrials & Infra
Latest
Board Meeting30 Jul, 2:15 pm

TCI Q1: revenue +10% YoY but consolidated PAT flat at ₹106 Cr on margin squeeze

Transport Corporation of India posted Q1 FY27 (quarter ended June 30, 2026) consolidated revenue of ₹1,248.5 Cr, up 9.6% YoY from ₹1,139.3 Cr but down 5.7% sequentially. Consolidated PAT attributable to owners was ₹105.7 Cr, essentially flat-to-lower versus ₹107.2 Cr a year ago (-1.4%) and down 15.1% from ₹124.5 Cr in the seasonally stronger March quarter; basic EPS eased to ₹13.77 from ₹13.90. The headline is not the topline — it is that ~10% revenue growth converted to zero profit growth. Net margin compressed to ~8.4% from 9.3% a year ago, and consolidated profit before tax was flat at ₹116.8 Cr (₹117.8 Cr YoY), confirming the squeeze sits in operations rather than tax or one-offs — there were no exceptional items on either side, so reported and adjusted growth are the same. The segment bridge explains the flat profit. Seaways revenue rose to ₹167.2 Cr but its result held at ₹58.0 Cr, so its margin normalised to ~34.7% from ~36.9% YoY — precisely the move management flagged on the Q3 concall, guiding Seaways margins toward a 30-40% band as new capacity comes online. Supply Chain Solutions was the bright spot, revenue +10% YoY to ₹552.3 Cr with result up to ₹30.3 Cr, tracking the ~15% FY27 growth ambition. The core Freight division remains the drag: revenue grew ~9% to ₹587 Cr but its result was flat at ₹12.7 Cr on a thin ~2.2% margin, consistent with management's warning that Freight faces another 1-2 quarters of pressure before a cyclical recovery. Standalone told the same story — revenue +8.7% to ₹1,069.8 Cr, PAT ₹119.8 Cr (down ~3.5% YoY) — so the two bases do not diverge materially. Against management's own framing the quarter is on-narrative even if uninspiring: Seaways normalising, Supply Chain compounding, Freight still soft — all as guided. But against the 15% profit-growth ambition set for the group, a flat bottom line is a miss this quarter. No formal Street consensus is published for this mid-cap, so there is no beat/miss to score against the market. The result lands alongside a clean-up of a ₹81.96 Cr tax demand (extinguished by rectification order on July 21), which is balance-sheet positive but does not touch this P&L. Into next quarter, the read-through is whether Freight's promised cyclical turn begins and how far Seaways margins settle within the guided band.

30 Jul 2026, 02:15 pm

Corporate Events

Board MeetingTCI
2026
29Sep

Board Meeting

The Board of Directors will consider and approve the proposa…

BSE Filing ↗
Board MeetingTCI
2026
30Jul

Board Meeting

The meeting of the Board of Directors is scheduled to consid…

BSE Filing ↗
DividendTCI
2026
17Jul

₹1 / share

BSE Filing ↗
Board MeetingTCI
2026
26May

Board Meeting

The board meeting is scheduled to consider and approve an up…

BSE Filing ↗
Board MeetingTCI
2026
4Feb

Board Meeting

Update on board meeting, Consider and approve 1% Interim Div…

BSE Filing ↗
Board MeetingTCI
2025
29Oct

Board Meeting

Update on board meeting

BSE Filing ↗
Board MeetingTCI
2025
14May

Board Meeting

Update on board meeting, Issuance of Non-Convertible Debentu…

BSE Filing ↗
DividendTCI
2025
30Jan

₹2 / share

BSE Filing ↗
Board MeetingTCI
2024
24Oct

Board Meeting

Consider and approve the unaudited Financial Results (Standa…

BSE Filing ↗
Board MeetingTCI
2024
24Aug

Board Meeting

Buyback Of The Fully Paid-Up Equity Shares Of The Company

BSE Filing ↗
Board MeetingTCI
2024
27Jul

Board Meeting

Consider and approve the unaudited Financial Results (Standa…

BSE Filing ↗
Board MeetingTCI
2024
15May

Board Meeting

Consider and approve Audited Financial Results (Standalone &…

BSE Filing ↗
DividendTCI
2024
10Feb

₹125 / share

BSE Filing ↗
Board MeetingTCI
2024
2Feb

Board Meeting

Consider and approve unaudited Financial Results (Standalone…

BSE Filing ↗
DividendTCI
2023
7Nov

₹125 / share

BSE Filing ↗
Board MeetingTCI
2023
30Oct

Board Meeting

Consideration and approval of unaudited Financial Results (S…

BSE Filing ↗