| Revenue growth | Consolidated Q2 +14.8%; H1 +12.0% |
|---|---|
| Margins | Consolidated Q2 EBITDA margin ~12.6% vs 13.3% LY |
| Demand visibility | Robust multimodal pipeline; 1,076 rakes in H1 |
| Management confidence | 10-12% growth guidance retained |
Growth
H1 consolidated revenue ₹26,527 Mn (+12.0%), EBITDA +6.8%, PAT +1.3%. Seaways Q2 revenue +27.9%; Supply Chain Q2 +9.7%.
Outlook
Revenue and margin growth guided at 10-12%, no year stated. FY27 capex budget ₹6,000 Mn, ₹3,432 Mn spent H1. Two vessels due Q3FY27.
Risks
Seaways EBIT margin fell to 35.8% (H1) on bunker prices; static volumes. West Asia tensions, inflation, weak rural demand flagged.
Last quarter's promises, checked
Delivered
- Guided top line 10-12% → H1 consol +12.0% (= BEAT)
- Guided freight top line 10-12% → H1 +11.5% (= BEAT)
Partly delivered
- Guided capex 550-600 Cr → H1 ₹3,432 Mn spent (= PARTIAL)
- Guided Seaways EBITDA 30-40% → H1 EBIT margin 35.8%, not like-for-like (= PARTIAL)
- Guided 2 ships Sep-Nov 2026 → still 'due Q3 FY27' (= PARTIAL)
Missed
- Guided supply chain top line 12-15% → H1 +8.2%, Q2 +9.7% (= MISS)
- Guided freight profitability up → Q2 consol EBITDA margin 12.6% vs 13.3% LY (= MISS, consol proxy)
Investor Presentation filed with BSE, NSE: TCI. Summary written with AI assistance from the document.
Transport Corporation of India Ltd: key numbers
- Share price
- ₹877.95
- Market cap
- ₹6,745 Cr
- Revenue (annual)
- ₹4,917 Cr
- Net profit (annual)
- ₹456.2 Cr
- P/E (TTM)
- 14.7×Sector 28.1×
- Promoter holding
- 68.66%+0.00% QoQ
- FII holding
- 3.04%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Transport Corporation of India Ltd
All →Transport Corporation of India Earnings Call Transcript: Key Takeaways
TCI reported double-digit revenue growth driven by Seaways and Supply Chain, despite muted profits from JV headwinds.
- Call
- Guides 12% growth
Transport Corporation of India Other Announcement
Transport Corporation of India disclosed its quarterly shareholding pattern for the period ended 30 September 2026. The filing is routine periodic compliance under SEBI Regulation 31.
Transport Corporation of India Acquisition Worth ₹178.8 Cr
TCI took delivery of a 500-TEU container carrier, TCI SETU, on 29 October 2026. The vessel's investment of Rs 178.82 Crore is funded through internal accruals.
- Value
- ₹178.8 Cr
- container carrier capacity
- 500.0 TEU
Transport Corporation of India Results Update
TCI reported Q2 FY2027 consolidated revenue of ₹13,979 Mn, up 14.8%, and PAT up 3%. Standalone revenue grew 12.3% year-on-year.
Transport Corporation of India Debt & Borrowing: ₹300 Cr
TCI's board approved issuance of secured, listed NCDs up to Rs. 300 Crore via private placement. Terms and tranches to be finalised by the Executive Authorization Committee.
- Value
- ₹300.0 Cr
Transport Corporation of India Management Change
TCI appointed Mr. Bhudev Bhushan Giri as CEO Designate for its Seaways Division effective October 2026. He has been with TCI since 2005, rising through leadership roles.