TCI Express Ltd's Q3FY25 Quarter Results
- 07 Feb 2025
Result Summary
- TCI Express Ltd reported a 4.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 4.7%.
- Its expenses for the quarter were down by 2.6% QoQ and up 0.6% YoY.
- The net profit decreased 23.0% QoQ and decreased 40.4% YoY.
- The earnings per share (EPS) of TCI Express Ltd stood at 5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 299.04 | 314.01 | 313.83 | -4.8% | -4.7% |
Total Expenses | 273.12 | 280.42 | 271.39 | -2.6% | 0.6% |
Profit Before Tax | 25.92 | 33.59 | 42.44 | -22.8% | -38.9% |
Tax | 6.73 | 8.66 | 10.25 | -22.3% | -34.3% |
Profit After Tax | 19.19 | 24.93 | 32.19 | -23.0% | -40.4% |
Earnings Per Share | 5.00 | 6.50 | 8.40 | -23.1% | -40.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
TCI Express Ltd is a company primarily engaged in the express logistics sector, known for its expertise in time-definite solutions. The company caters to a variety of industries by providing services such as surface express, domestic and international air express, and e-commerce logistics. With its comprehensive network and operational infrastructure, TCI Express has positioned itself as a key player in India's logistics industry. As of the latest data available, TCI Express has not reported on any recent major developments or strategic changes, leaving its current operational focus on maintaining and expanding its logistics capabilities.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), TCI Express Ltd reported a total income of ₹299.04 crores. This marks a decline from both the previous quarter (Q2FY25) and the same quarter last year (Q3FY24), where total income stood at ₹314.01 crores and ₹313.83 crores, respectively. The quarter-over-quarter (QoQ) decrease in total income was 4.8%, while the year-over-year (YoY) decline was 4.7%. This decline in revenue indicates a contraction in the company's top-line performance over both the recent quarter and the past year.
Profitability
The profitability of TCI Express Ltd has seen a noticeable decrease in the latest quarter. Profit before tax (PBT) for Q3FY25 was ₹25.92 crores, which is a decrease of 22.8% compared to the previous quarter's PBT of ₹33.59 crores. On a year-over-year basis, PBT has fallen by 38.9% from ₹42.44 crores in Q3FY24. Correspondingly, the profit after tax (PAT) has also decreased, with Q3FY25 reporting ₹19.19 crores, down from ₹24.93 crores in Q2FY25 and ₹32.19 crores in Q3FY24. The earnings per share (EPS) followed a similar trend, declining to ₹5.00 in Q3FY25 from ₹6.50 in the previous quarter and ₹8.40 a year ago. The QoQ decline in PAT was 23.0%, while the YoY decrease was 40.4%.
Operating Metrics
TCI Express Ltd's total expenses for Q3FY25 were ₹273.12 crores, which is a slight decrease from the previous quarter's expenses of ₹280.42 crores, marking a QoQ reduction of 2.6%. Compared to Q3FY24, total expenses have marginally increased by 0.6% from ₹271.39 crores. The company's tax expenses also decreased, with Q3FY25 reporting ₹6.73 crores, down from ₹8.66 crores in Q2FY25 and ₹10.25 crores in Q3FY24. This represents a 22.3% QoQ decrease and a 34.3% YoY reduction in tax expenses. The overall trends in operating metrics reflect changes in the company's cost management and tax strategies over the examined periods.
