<h4 data-path-to-node="3" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;"><b data-path-to-node="3" data-index-in-node="0" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">Resilient First-Quarter Earnings Driven by Operational Efficiencies</b></h4><p data-path-to-node="4" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><b data-path-to-node="4" data-index-in-node="0" style="line-height: 1.15 !important;">GURUGRAM</b> — Transport Corporation of India Limited (TCI), one of India's leading integrated multimodal logistics and supply chain solution providers, announced its financial results for the first quarter of fiscal year 2026–27 (Q1 FY27) following its 31st Annual General Meeting held in Gurugram.</p><p data-path-to-node="5" id="p-rc_def28f9e07c3cf08-147" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span class="citation-295" style="line-height: 1.15 !important;">Supported by sustained demand across its Supply Chain Solutions (SCS) and Multimodal Freight divisions, TCI reported a </span><b data-path-to-node="5" data-index-in-node="119" style="line-height: 1.15 !important;">12.5% year-on-year (YoY) increase in consolidated EBITDA</b><span class="citation-295" style="line-height: 1.15 !important;">, climbing to </span><b data-path-to-node="5" data-index-in-node="189" style="line-height: 1.15 !important;">₹135 crore</b><span class="citation-295 citation-end-295" style="line-height: 1.15 !important;"> compared to ₹120 crore in Q1 FY26.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="1" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-294" style="line-height: 1.15 !important;">Consolidated operating margins expanded by 18 basis points to reach </span><b data-path-to-node="5" data-index-in-node="303" style="line-height: 1.15 !important;">10.8%</b><span class="citation-294 citation-end-294" style="line-height: 1.15 !important;">, reflecting tighter cost management and strategic route optimizations despite localized diesel and labor cost pressures.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="2" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><p data-path-to-node="6" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">Key financial and operational highlights include:</p><ul data-path-to-node="7" style="padding-inline-start: 32px; font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><li style="line-height: 1.15 !important;"><p data-path-to-node="7,0,0" id="p-rc_def28f9e07c3cf08-148" style="line-height: 1.15 !important;"><b data-path-to-node="7,0,0" data-index-in-node="0" style="line-height: 1.15 !important;">Consolidated Net Profit:</b><span class="citation-293" style="line-height: 1.15 !important;"> Stood firm and flat YoY at </span><b data-path-to-node="7,0,0" data-index-in-node="52" style="line-height: 1.15 !important;">₹107 crore</b><span class="citation-293 citation-end-293" style="line-height: 1.15 !important;">, as increased depreciation and capital expenditure investments offset top-line operational gains.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="3" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="7,1,0" style="line-height: 1.15 !important;"><b data-path-to-node="7,1,0" data-index-in-node="0" style="line-height: 1.15 !important;">Full-Year Growth Baseline:</b> Follows a strong FY26 performance where TCI recorded a 9.4% YoY growth in revenue, reaching ₹4,965 crore.</p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="7,2,0" id="p-rc_def28f9e07c3cf08-149" style="line-height: 1.15 !important;"><b data-path-to-node="7,2,0" data-index-in-node="0" style="line-height: 1.15 !important;">Credit Rating:</b><span class="citation-292" style="line-height: 1.15 !important;"> Upgraded to </span><b data-path-to-node="7,2,0" data-index-in-node="27" style="line-height: 1.15 !important;">AA+/Stable</b><span class="citation-292 citation-end-292" style="line-height: 1.15 !important;"> by CARE Ratings, highlighting a strong balance sheet and prudent financial leverage.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="4" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p></li></ul><h4 data-path-to-node="9" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;"><b data-path-to-node="9" data-index-in-node="0" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">Capital Expenditure and Coastal Shipping Fleet Deployment</b></h4><p data-path-to-node="10" id="p-rc_def28f9e07c3cf08-150" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span class="citation-291" style="line-height: 1.15 !important;">To capture growing opportunities under the National Logistics Policy (NLP) and PM Gati Shakti Master Plan, TCI reiterated its commitment to a </span><b data-path-to-node="10" data-index-in-node="142" style="line-height: 1.15 !important;">₹200 crore capital expenditure (capex)</b><span class="citation-291 citation-end-291" style="line-height: 1.15 !important;"> budget for FY27.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="5" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c1531356876="" _nghost-ng-c815920949="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><p data-path-to-node="11" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">A central pillar of this capital allocation is the expansion of TCI Seaways' coastal fleet infrastructure. The company confirmed that <b data-path-to-node="11" data-index-in-node="134" style="line-height: 1.15 !important;">two new eco-friendly coastal cargo vessels</b> are scheduled for delivery and deployment in <b data-path-to-node="11" data-index-in-node="222" style="line-height: 1.15 !important;">Q3 FY27</b>. These additions will bolster domestic marine feeder links along India's eastern and western maritime corridors, providing alternative, lower-emission transport routes that bypass congested highway networks.</p><h4 data-path-to-node="13" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;"><b data-path-to-node="13" data-index-in-node="0" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">Management Perspective and Multimodal Outlook</b></h4><p data-path-to-node="14" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;">Managing Director Vineet Agarwal emphasized that the company's asset-light integrated model continues to prove resilient against global macroeconomic shocks and localized fuel price volatility:</p><blockquote data-path-to-node="15" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><p data-path-to-node="15,0" style="line-height: 1.15 !important;"><i data-path-to-node="15,0" data-index-in-node="0" style="line-height: 1.15 !important;">"Our first-quarter performance underscores TCI's structural alignment with India's evolving supply chain landscape. As manufacturing clusters decentralize into Tier-2 and Tier-3 hubs, our investments in rail-road intermodal networks, cold-chain fulfillment, and coastal shipping position us to deliver superior value and efficiency to our clients."</i></p></blockquote><p data-path-to-node="16" id="p-rc_def28f9e07c3cf08-151" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span class="citation-290" style="line-height: 1.15 !important;">The company announced a final dividend of Re 1 per share, approved during the Annual General Meeting, and scheduled its formal analyst and investor earnings conference call for </span><b data-path-to-node="16" data-index-in-node="177" style="line-height: 1.15 !important;">Monday, August 3, 2026, at 4:00 PM IST</b><span class="citation-290 citation-end-290" style="line-height: 1.15 !important;">.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2021020037="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c2021020037="" class="superscript" data-turn-source-index="6" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c1531356876="" style="line-height: 1.15 !important;"></sources-carousel-inline></p>