TCIEXPRESS is specialist and leader in Express distribution in India. Established in 1996,TCIEXPRESS has honed itself with advanced technology and deep domain-expertise to offer customised solutions for express delivery.
TCI Express Ltd. reported higher than expected Ebitda and profit after tax on the back of better than expected margins. Ebitda margins have again expanded ~260 basis points QoQ/960 basis points YoY to reach 19.6%. Q4 FY21 volumes were up 15% YoY, while blended realisations including the pass-through for the diesel price hike was 2.3%. This is not akin to runaway price hikes that we see in air-express
Invested from lower level and looking to average up -