GURUGRAM: TCI Express, whose corporate office is in Sector 32, reported an 8.9% rise in quarterly revenue from operations on Thursday, November 5, 2026, alongside the addition of 10 branches in its Surface Express network. The logistics company's standalone results cover the quarter and half year ended September 30. For businesses sending goods from Gurugram, the accompanying update sets out where the company is expanding its freight network and which services are growing fastest.

The company's release lists its address at Plot 84, Institutional Area, Sector 32. It reports revenue from operations of Rs 335.9 crore for the second quarter of financial year 2026-27, against Rs 308.5 crore a year earlier. Earnings before interest, tax, depreciation and amortisation, or EBITDA, increased 10.8% to Rs 43 crore from Rs 38.8 crore.

Revenue growth comes with a wider branch network

Surface Express remained the company's largest business. Its revenue increased 9.4% from the corresponding quarter last year and 7.4% from the preceding quarter. The earnings presentation attributes that performance to higher yields, business from enterprise customers and new accounts. The 10 branch additions belong to the wider network; the company does not describe them as 10 new Gurugram locations.

Capacity utilisation reached 84% during the quarter, according to the presentation. The company also reported investment in hubs and branches at locations including Noida and Rudrapur to extend regional coverage and handling capacity. These are companywide operating updates, rather than a separate announcement of a new facility in Sector 32.

Gurugram already hosts the company's GIGA sorting centre at Taj Nagar. The presentation describes a two lakh square foot facility, operational since March 2022, with capacity to process 15,000 packages an hour. That existing local infrastructure helps explain the city's role in the business. The results announcement does not give a fresh opening date for that centre.

The quarter and half year in figures

  • Quarterly revenue from operations: Rs 335.9 crore.
  • Quarterly total income, including other income: Rs 339.3 crore.
  • Quarterly profit after tax: Rs 26.7 crore, up 6% year on year.
  • Half year revenue from operations: Rs 647.9 crore.
  • Half year profit after tax: Rs 49 crore.

The distinction between revenue from operations and total income matters when reading the margins. The presentation states that EBITDA includes other income and that its margins are calculated on total income. On that basis, the quarter's EBITDA margin was 12.7%, compared with 12.4% a year earlier. The release describes it as the highest margin in five quarters.

For the half year, revenue from operations increased from Rs 595.3 crore to Rs 647.9 crore. EBITDA reached Rs 80 crore, against Rs 72.2 crore, while profit after tax rose from Rs 46.2 crore to Rs 49 crore. The half year EBITDA margin was 12.2%; the profit after tax margin was 7.5%. These figures cover the standalone company rather than a Gurugram business unit.

Sequential comparisons also showed improvement. Quarterly EBITDA increased 16.3% from the first quarter, while profit after tax increased 19.2%. Those comparisons measure change within the current financial year, whereas the 8.9% revenue growth headline compares the September quarter with the same period a year earlier.

Air, rail and online commerce services expand

E-Commerce Express recorded the fastest annual revenue growth among the businesses highlighted in the release, at 51.6%. Domestic Air Express grew 29.4%, and International Air Express grew 26.1%. Rail Express recorded a 25.9% increase from the preceding quarter. The different comparison periods mean the rail figure should not be ranked directly against the annual growth rates.

The presentation links domestic air growth to customer additions, increased business from existing accounts and a stronger delivery network. It sets out plans for a standalone Delhi Air Hub and additional service options. For international air freight, the company plans to strengthen dedicated sales and operations teams at six gateways: Delhi, Mumbai, Bengaluru, Chennai, Kolkata and Hyderabad. These remain plans in the update, with no completion dates supplied.

The company's stated priorities include deeper relationships with enterprise customers, a wider branch network and improved service execution. Managing director Chander Agarwal attributed the quarter's performance to growth across the core surface business and the air businesses. The documents announce business results and network priorities; they do not provide a recruitment timetable or promise a specific number of new jobs in Gurugram.

Readers can inspect the November 5 company release and the accompanying earnings presentation for the full figures. Other recent local business developments include capacity added at Pathredi, a Sector 48 workspace opening and DLF's proposed investment venture. Those are separate announcements from TCI Express's results.