TCI Express Q1 FY2024 Earnings Highlights

TCI Express reported Q1 FY2024 results with revenue of Rs. 306 crores (up 4.8% Y-o-Y) and net profit of Rs. 32 crores (up 4.2% Y-o-Y), driven primarily by MSME customer growth. The company maintained stable PAT margins of 10.6% despite inflationary pressures, demonstrating operational resilience and industry outperformance. Strategic initiatives include Pune center automation and LEED Gold certification for its Tajnagar sorting facility.