Integrated Filing — IndAS



General information about company

Scrip Code 540212
NSE Symbol TCIEXP
MSEI Symbol NOTLISTED
ISIN INE586V01016
Name of company TCI Express Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 03-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 10-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Express Cargo
Start date and time of board meeting 03-02-2026   13:00:00
End date and time of board meeting 03-02-2026   15:10:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
The Company has not issued any debt securities accordingly, disclosure relating to default of loans or debt securities is not applicable.



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 31,405.00 90,933.00
Other income 308.00 997.00
Total income 31,713.00 91,930.00
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 3,532.00 10,367.00
(e) Finance costs 27.00 85.00
(f) Depreciation, depletion and amortisation expense 597.00 1,661.00
(f) Other Expenses
1 Operating Expenses 22,630.00 65,232.00
2 Other Expenses 1,880.00 5,432.00
Total other expenses 24,510.00 70,664.00
Total expenses 28,666.00 82,777.00
3 Total profit before exceptional items and tax 3,047.00 9,153.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 3,047.00 9,153.00
6 Tax expense
7 Current tax 703.00 1,977.00
8 Deferred tax 56.00 268.00
9 Total tax expenses 759.00 2,245.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 2,288.00 6,908.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 2,288.00 6,908.00
17 Other comprehensive income net of taxes (34.00) (16.00)
18 Total Comprehensive Income for the period 2,254.00 6,892.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 768.00 768.00
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 5.96 17.91
Diluted earnings (loss) per share from continuing operations 5.94 17.88
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 5.96 17.91
Diluted earnings (loss) per share from continuing and discontinued operations 5.94 17.88
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1 The above unaudited financial results for the quarter and nine months ended December 31 2025 have been reveiwed by the Audit Committee and thereafter approved by the Board of Directors of the Company at their meetings held on February 3 2026 The Statutory Auditors have conducted a Limited Review of these financial results in terms of Regulation 33 of SEBI Listing Obligation and Disclosure Requirements Regulations 2015 2 The above results have been prepared in accordance with the Indian Accounting Standard 34 Interim Financial Reporting Ind As 34 under section 133 of the Companies Act 2013 read with relevant Rules issued thereunder and other accounting principles generally accepted in India 3 The Consolidated figures includes the financials of its wholly owned subsidiary 4 During the financial year 2024-2025 the Additional Commissioner of Central Goods and Services tax, Gurugram Commissionerate had issued a demand order dated December 14 2024 and raised a GST tax liability of INR 51.36 crores along with applicable interest and penalty for the period from July 01 2017 to March 31 2022 It states that the Assessee has not discharged its Goods and Service tax liability under Reverse Charge (RCM) on GTA supplies received from its transporters thereby resulting in non-payment of GST In response to the said demand order the company had preferred an appeal before the Commissioner (Appeals) CGST which was rejected vide order dated December 30 2025 Based on the underlying facts applicable laws and industry standards the Company is confident of prevailing against the departments position in the Appellate Proceedings and does not anticipate any adverse financial outcome. 5 The Figures for the quarter ended December 31 2025 and preceeding quarter ended December 31 2024 are the balancing figures between the unaudited year to date figures for nine months ended December 31 and the unaudited published figures for the half year ended September 30 of the respective financial years The figures for the corresponding previous periods have been regrouped and reclassified wherever necessary to make them comparable. 6 The Government of India has enacted four labour codes by consolidating 29 existing labour laws which have become effective from November 21 2025. Based on an initial assessment carried out by the Company in accordance with the guidance issued by the Institute of Chartered Accountants of India and considering the information currently available the incremental impact of the Labour Code is not material and has been recognised in the standalone financial results for the quarter and nine months ended December 31 2025. 7 The Board has approved payment of Interim dividend 350% INR 7.00 per share and February 07 2026 shall be the record date for the purposedecided in due consultation with Stock Exchanges. 8 As the Companys main business activity falls with in a single primary Business segment viz Express Carg the disclosure requirements of Segment Reporting as per Indian Accounting Standard 108 are not applicable



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Fair value of equity instruments through other comprehensive income 6.00 136.00
2 Re-measurement of defined benefit liability (53.00) (158.00)
Total Amount of items that will not be reclassified to profit and loss (47.00) (22.00)
2 Income tax relating to items that will not be reclassified to profit or loss (13.00) (6.00)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income (34.00) (16.00)