TCI Express Limited (NSE:TCIEXP)

TCI Express Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	12,166	12,083	12,538	12,410	10,815	8,440
Other Revenue	-0.1	-0.1	-	-	-	-
Revenue	12,166	12,083	12,538	12,410	10,815	8,440
Revenue Growth (YoY)	-0.12%	-3.63%	1.03%	14.75%	28.14%	-18.21%
Cost of Revenue	10,219	10,093	9,982	9,811	8,472	6,573
Gross Profit	1,947	1,990	2,556	2,600	2,342	1,867
Selling, General & Admin	335.1	335.1	308.1	317	323.4	307.6
Other Operating Expenses	382.1	382.2	352	313	244.7	186.4
Operating Expenses	944.2	933.5	849.6	783.1	667.9	583.7
Operating Income	1,002	1,056	1,706	1,817	1,675	1,283
Interest Expense	-10.9	-9.8	-11.9	-15.3	-4.9	-3
Interest & Investment Income	12.3	12.3	41.2	48.3	53.7	32.4
Other Non Operating Income (Expenses)	44.4	2.6	-2.2	-2.4	-4.2	-4.8
EBT Excluding Unusual Items	1,048	1,062	1,733	1,847	1,719	1,308
Gain (Loss) on Sale of Investments	69.9	69.9	7.6	2.4	0.2	-
Gain (Loss) on Sale of Assets	20.4	20.4	-1.4	-4.2	-0.8	12.9
Other Unusual Items	-	-	-	-	1.6	1.6
Pretax Income	1,139	1,152	1,740	1,845	1,720	1,322
Income Tax Expense	290.9	293.7	422.8	452.5	431.7	316.2
Net Income	847.6	858.1	1,317	1,393	1,288	1,006
Net Income to Common	847.6	858.1	1,317	1,393	1,288	1,006
Net Income Growth	-13.53%	-34.83%	-5.46%	8.10%	28.07%	12.93%
Shares Outstanding (Basic)	39	38	38	38	38	38
Shares Outstanding (Diluted)	39	38	38	38	39	38
Shares Change (YoY)	0.68%	0.13%	-0.14%	-0.09%	0.10%	0.15%
EPS (Basic)	21.93	22.36	34.35	36.24	33.49	26.19
EPS (Diluted)	21.89	22.31	34.27	36.20	33.45	26.15
EPS Growth	-14.10%	-34.90%	-5.33%	8.22%	27.92%	12.76%
Free Cash Flow	-	740.2	899.6	402.4	471	446
Free Cash Flow Per Share	-	19.24	23.41	10.46	12.23	11.59
Dividend Per Share	9.000	8.000	8.000	8.000	8.000	4.000
Dividend Growth	12.50%	-	-	-	100.00%	-
Gross Margin	16.00%	16.47%	20.38%	20.95%	21.66%	22.12%
Operating Margin	8.24%	8.74%	13.61%	14.64%	15.48%	15.20%
Profit Margin	6.97%	7.10%	10.50%	11.22%	11.91%	11.92%
Free Cash Flow Margin	-	6.13%	7.17%	3.24%	4.35%	5.28%
EBITDA	1,175	1,216	1,849	1,943	1,770	1,366
EBITDA Margin	9.66%	10.07%	14.74%	15.65%	16.36%	16.18%
D&A For EBITDA	172.95	159.9	142.5	126.2	95.1	82.8
EBIT	1,002	1,056	1,706	1,817	1,675	1,283
EBIT Margin	8.24%	8.74%	13.61%	14.64%	15.48%	15.20%
Effective Tax Rate	25.55%	25.50%	24.31%	24.52%	25.10%	23.91%
Revenue as Reported	12,342	12,217	12,610	12,482	10,896	8,516
Advertising Expenses	-	15.4	11.8	10.3	0.2	11.1

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.