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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 30-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Express Cargo
Start date and time of board meeting 30-May-2025   13:15:00
End date and time of board meeting 30-May-2025   16:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2024-10-30
Indicate Company website link for updated RPT policy of the Company www.tciexpress.in
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
There is no default made by the Company



Financial Results Ind-AS
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 3074900000 12082700000
Other income 55600000 128700000
Total income 3130500000 12211400000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 346700000 1370200000
(e) Finance costs 4700000 12500000
(f) Depreciation, depletion and amortisation expense 59300000 216100000
(f) Other Expenses
1 Operating Expenses 2204500000 8621300000
2 Other Expenses 242300000 789900000
Total other expenses 2446800000 9411200000
Total expenses 2857500000 11010000000
3 Total profit before exceptional items and tax 273000000 1201400000
4 Exceptional items 0 0
5 Total profit before tax 273000000 1201400000
6 Tax expense
7 Current tax 75200000 278300000
8 Deferred tax -8800000 15400000
9 Total tax expenses 66400000 293700000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 206600000 907700000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 206600000 907700000
17 Other comprehensive income net of taxes 5100000 -7600000
18 Total Comprehensive Income for the period 211700000 900100000
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 76800000 76700000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 5.38 23.66
Diluted earnings (loss) per share from continuing operations 5.37 23.59
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 5.38 23.66
Diluted earnings (loss) per share from continuing and discontinued operations 5.37 23.59
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 4505400000
Capital work-in-progress 200100000
Investment property 0
Goodwill 0
Other intangible assets 44700000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 155700000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 50000000
Total non-current financial assets 205700000
Deferred tax assets (net) 0
Other non-current assets 0
Total non-current assets 4955900000
2 Current assets
Inventories 0
Current financial asset
Current investments 1460900000
Trade receivables, current 2258000000
Cash and cash equivalents 105100000
Bank balance other than cash and cash equivalents 35800000
Loans, current 0
Other current financial assets 120200000
Total current financial assets 3980000000
Current tax assets (net) 40800000
Other current assets 255700000
Total current assets 4276500000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 9232400000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 76800000
Other equity 7616500000
Total equity attributable to owners of parent 7693300000
Non controlling interest
Total equity 7693300000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 47000000
Total non-current financial liabilities 47000000
Provisions, non-current 0
Deferred tax liabilities (net) 147800000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 194800000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 20100000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 922400000
Total Trade payable 942500000
Other current financial liabilities 185900000
Total current financial liabilities 1128400000
Other current liabilities 164000000
Provisions, current 51900000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 1344300000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 1539100000
Total equity and liabilites 9232400000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
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
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
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 Items that will not be reclassified subsequently to profit or loss 6800000 -8400000
Total Amount of items that will not be reclassified to profit and loss 6800000 -8400000
2 Income tax relating to items that will not be reclassified to profit or loss 1700000 -2100000
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified subsequently to profit or loss 0 -1800000
Total Amount of items that will be reclassified to profit and loss 0 -1800000
4 Income tax relating to items that will be reclassified to profit or loss 0 -500000
5 Total Other comprehensive income 5100000 -7600000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1201400000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 4400000
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current 61700000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -79900000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 49200000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 46900000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 218600000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss -2100000
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 71300000
Adjustments for share-based payments 31800000
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -20500000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 238800000
Net cash flows from (used in) operations 1440200000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 264800000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1175400000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 3912100000
Other cash payments to acquire equity or debt instruments of other entities 4641400000
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 206900000
Purchase of property, plant and equipment 430200000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 71300000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -881300000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 27900000
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 29600000
Payments of lease liabilities 0
Dividends paid 307000000
Interest paid 12600000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -321300000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -27200000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -27200000
Cash and cash equivalents cash flow statement at beginning of period 132300000
Cash and cash equivalents cash flow statement at end of period 105100000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 R S Agarwala and Co Yes 31-Mar-2027


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 TCI Express Limitedt Transystem Logistics International Pvt. Ltdt Entity is controlled by or has significant influencet Sale of goods or services 20000000 Approved by Audit Committeet 2700000 300000 300000
2 TCI Express Limitedt Transport Corporation of India Ltdt Entity is controlled by or has significant influencet Any other transaction Rent Paymentt 30000000 Approved by Audit Committeet 10100000 0 0
3 TCI Express Limitedt Transport Corporation of India Ltdt Entity is controlled by or has significant influencet Any other transaction Business support servicest 60000000 Approved by Audit Committeet 19300000 24700000 24600000
4 TCI Express Limitedt Transport Corporation of India Ltdt Entity is controlled by or has significant influencet Sale of goods or services 15000000 Approved by Audit Committeet 800000 0 400000
5 TCI Express Limitedt Transport Corporation of India Ltdt Entity is controlled by or has significant influencet Purchase of goods or services 25000000 Approved by Audit Committeet 14300000 0 0
6 TCI Express Limitedt Transport Corporation of India Ltdt Entity is controlled by or has significant influencet Any other transaction Rent Incomet 25000000 Approved by Audit Committeet 9700000 0 1600000
7 TCI Express Limitedt Bhoruka Charitable Trustt Entity is controlled by or has significant influencet Any other transaction Rent Payment 3400000 Approved by Audit Committeet 1700000 0 0
8 TCI Express Limitedt Chander Assets Management Welfare Trustt Entity is controlled by or has significant influencet Any other transaction Rent Paymentt 20000000 Approved by Audit Committeet 10000000 0 0
9 TCI Express Limitedt Dharmpal & Sons (HUF)t Promoter Group Any other transaction Rent Paymentt 600000 Approved by Audit Committeet 300000 0 0
10 TCI Express Limitedt TCI Developers Limitedt Entity is controlled by or has significant influencet Any other transaction Rent Paymentt 11000000 Approved by Audit Committeet 4400000 0 0
11 TCI Express Limited TCI Developers Limitedt Entity is controlled by or has significant influencet Any other transaction Project Management including Maintenance Servicest 15000000 Approved by Audit Committeet 5700000 0 1600000
12 TCI Express Limited TCI Distribution Centres Ltdt Entity is controlled by or has significant influencet Any other transaction Rent Payment 1600000 Approved by Audit Committeet 800000 0 0
13 TCI Express Limitedt TCI Foundationt Entity is controlled by or has significant influencet Any other transaction Rent Payment 900000 Approved by Audit Committeet 200000 0 0
14 TCI Express Limitedt TCI Foundationt Entity is controlled by or has significant influencet Any other transaction CSR contribution related to FY 2023-24 (lying in unspent CSR A/C) 33000000 Approved by Audit Committeet 12000000 0 0
15 TCI Express Limitedt TCI Foundationt Entity is controlled by or has significant influencet Any other transaction CSR contribution related to FY 2024-25 35000000 Approved by Audit Committeet 5000000 0 0
16 TCI Express Limitedt TCI Properties (Guj) – Partnership firmt Entity is controlled by or has significant influencet Any other transaction Rent Paymentt 4300000 Approved by Audit Committeet 2100000 0 0
17 TCI Express Limitedt TCI Properties (Delhi) – Partnership firmt Entity is controlled by or has significant influencet Any other transaction Rent Paymentt 16400000 Approved by Audit Committeet 8200000 0 0
18 TCI Express Limitedt TCI Warehousing (MH)- Partnership firmt Entity is controlled by or has significant influencet Any other transaction Rent Payment 700000 Approved by Audit Committeet 300000 0 0
19 TCI Express Limitedt XPS Cargo Services Ltdt Entity is controlled by or has significant influencet Any other transaction Rent Payment 22900000 Approved by Audit Committeet 11400000 0 0
20 TCI Express Limitedt TCI Properties (West) Ltd.t Entity is controlled by or has significant influencet Any other transaction Rent Payment 600000 Approved by Audit Committeet 300000 0 0
21 TCI Express Limitedt Mr. Chander Agarwalt Key management personnel-Promoter & Managing Directort Any other transaction Rent Payment 1000000 Approved by Audit Committeet 500000 0 0
22 TCI Express Limitedt Mr. Chander Agarwalt Key management personnel-Promoter & Managing Directort Remuneration Approved by Audit Committeet 50400000 0 0
23 TCI Express Limitedt Mr. Chander Agarwalt Key management personnel-Promoter & Managing Directort Any other transaction Commission Approved by Audit Committeet 40000000 0 40000000
24 TCI Express Limitedt TCI Express Foundation Entity is controlled by or has significant influence Any other transaction CSR contribution related to FY 2023-24 (lying in unspent CSR A/C) 33000000 Approved by Audit Committeet 10000000 0 0
25 TCI Express Limitedt Mr. Dharmpal Agarwalt Key management personnel- Non Executive Director & Promotert Any other transaction Commission Approved by Audit Committeet 600000 0 600000
26 TCI Express Limitedt Mr. Vineet Agarwalt Key management personnel- Non Executive Director & Promotert Any other transaction Commission Approved by Audit Committeet 600000 0 600000
27 TCI Express Limitedt TCI Express Group Employees Benevolent fundt Employee welfare fund setup by the Companytt Any other transaction Contribution to Benvolent Fund Trustt Not applicable 4200000 9000000 300000
28 TCI Express Limitedt TCI Express Limited Gratuity Fund Trustt Employee welfare fund setup by the Companyt Any other transaction Claim paid through Gratuity Fund Trust Not applicable 168400000 191400000 23000000
29 TCI Express Limitedt TCI Developers Limitedt Entity is controlled by or has significant influencet Any other transaction Rent Payment 10000000 Approved by Audit Committeet 200000 0 0
30 TCI Express Limitedt TCI EX Realty Pvt Ltd Entity is controlled by or has significant influencet Any other transaction Project Management including Maintenance Servicest 10000000 Approved by Audit Committeet 400000 0 0
Total value of transaction during the reporting period 394600000