Transport Corporation of India Ltd. (TCI), India’s leading integrated multimodal logistics and supply chain solutions provider, has announced strong financial performance for the third quarter and nine months ended December 31, 2025.
For Q3 FY2026, the company reported consolidated revenue of ₹12,609 million, registering a 9.3% growth compared to ₹11,539 million in the same period last year. EBITDA stood at ₹1,616 million, also reflecting a 9.3% increase from ₹1,478 million in Q3 FY2025.
Profit after tax rose by 13.4% to ₹1,158 million, up from ₹1,021 million in the corresponding quarter of the previous year.
Commenting on the Q3FY2026 performance, Mr. Vineet Agarwal, MD – TCI, said, “Quarter 3 reflected the inherent seasonality of the logistics business, supported by festive-led demand which led to positive traction across automotive, FMCG and MSME driven integrated logistics solutions. While the initial phase of GST 2.0 led to short-term disruption, the subsequent clarity resulted in a sharp pickup in movements, particularly in finished goods and inventory rebalancing. Automotive, along with 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.
Our ability to navigate this volatility underscores the resilience of TCI’s diversified operating model, dense branch network and strong execution capabilities, enabling us to respond swiftly to demand fluctuations while maintaining margin discipline. We remain mindful that a portion of the quarter’s momentum was event-led and inventory-driven, with volumes expected to normalise post the festive period.
We continued to advance our strategic priorities by scaling up rail, coastal and network-led logistics solutions, alongside expanding warehousing and value-added offerings. Enhancing asset productivity, cost efficiency and sustainability remains
central to our execution strategy. The steady evolution of our portfolio toward end-to-end logistics positions us well to serve increasingly complex supply chains, including quick commerce, omni-channel retail and D2C brands, which demand speed,
scalability and reliability.
Looking ahead, while near-term demand may moderate, improving MSME sentiment, rising consumption in tier-2 and tier3 markets, sustained public infrastructure investment and expanding trade opportunities especially in wake of multiple
FTA’s, provide a constructive medium-term outlook. TCI remains focused on disciplined capital allocation, operational
excellence and long-term value creation aligned with India’s growth trajectory”
