Synopsis: Transport Corporation of India posted steady Q3FY26 results with 4% QoQ revenue growth to Rs. 1,249 crore and 9% YoY growth, while net profit rose 14% YoY to Rs. 116 crore, supported by stable margins and a Rs. 9 interim dividend.
The shares of this company have emerged as the pioneer in providing integrated multimodal logistics and supply chain solutions that also provide in the SAARC countries through multiple modes, including road, rail, and sea are in focus after it reported its Q3 results with net growth of 14% and a dividend announcement.
With a market capitalisation of Rs. 8,170 cr, the shares of Transport Corporation of India Ltd were trading at Rs. 1,065 per share, down by 2.4% from its previous close of Rs. 1,090.90 per share.
QoQ Performance
Transport Corporation of India reported moderate quarter-on-quarter growth in the December 2025 quarter. Revenue increased by 4% to Rs. 1,249 crore from Rs. 1,205 crore. EBITDA remained flat at Rs. 127 crore. Net profit rose by 2% to Rs. 116 crore from Rs. 114 crore, while EPS improved by 2% to Rs. 14.95 compared to Rs. 14.68 in the September 2025 quarter.
YoY Performance
On a year-on-year basis, the company delivered a strong performance. Revenue grew by 9% from Rs. 1,147 crore to Rs. 1,249 crore. EBITDA increased by 8% to Rs. 127 crore from Rs. 118 crore, reflecting improved operating efficiency. Net profit rose by 14% to Rs. 116 crore from Rs. 102 crore, while EPS climbed by 13.5% to Rs. 14.95 from Rs. 13.17, underscoring healthy profitability growth.
Dividend
The company has declared its first interim dividend of Rs. 9 per equity share (face value Rs. 2 each) for FY26. February 10, 2026 has been fixed as the record date to determine eligible shareholders, and the dividend will be paid within 30 days of declaration.
Commenting on Q3FY2026, management highlighted festive-led demand and seasonal trends that supported growth across automotive, FMCG, MSME, consumer durables, pharma, and e-commerce segments.
Despite short-term GST 2.0 disruptions, volumes recovered strongly, driven by record road and rail movements and better warehousing utilisation. The company emphasized the resilience of its diversified logistics model, disciplined margins, and continued focus on expanding rail, coastal, warehousing, and end-to-end logistics capabilities to serve evolving supply chain needs.
Transport Corporation of India Ltd is one of India’s leading integrated supply chain and logistics solutions providers. TCI group with expertise developed over 6 decades has an extensive network of company-owned offices, 16+ Mn. sq. ft. of warehousing space and a strong team of trained employees.
The company shows healthy returns with ROCE of 20.5% and ROE of 19.8%, maintains low leverage with a 0.11 debt-to-equity ratio, trades at a discount to industry valuation, and has delivered 22% profit growth over five years.
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