Neutral TCI Express; target of Rs 530: Motilal Oswal
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Motilal Oswal kept a Neutral rating on TCI Express with a target price of Rs 530.
- ✓The company reported a 9% revenue growth to INR3.3b in 2QFY27.
- ✓Management said they expect volume growth of 11-12% in 2HFY27 as SME demand improves.
Story at a Glance
- Category
- Indian Markets
- Reported By
- MoneyControl
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Motilal Oswal's research report on TCI Express TCI Express's (TCIE) 2QFY27 revenue grew 9% YoY to INR3.3b (in line). EBITDA stood at INR396m (+12% YoY), 4% above our estimate. EBITDA margin came in at 11.8% in 2QFY27 vs. our estimate of 11.6%. APAT rose ~6% YoY to INR267m (in line). Volumes grew 6% YoY to 0.265m tons. TCIE reported a steady performance in 2QFY27, backed by healthy surface segment growth, which was driven by higher yields and increased business from large enterprises. Management targets volume growth of 11-12% in 2HFY27 as it expects further improvement in SME demand to drive a recovery in overall demand.
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