Total expense jumped 8% year on year to Rs 1,052.5 crore during the quarter. Employee benefits expense was at Rs 67.5 crore (up 9.93% YoY), while other expenses stood at Rs 38.5 crore (up 3.49% YoY) during the period under review.

Vineet Agarwal, managing director of Transport Corporation of India, said, “We are pleased to report solid progress in the first quarter of FY 2025–26, driven by steady growth across our multimodal, warehousing, 3PL, and cold chain verticals. Despite mixed sectoral trends in the economy, our integrated service offerings and customer-centric approach have enabled us to maintain noteworthy operational momentum.”

The manufacturing sector’s revival, particularly in chemicals, engineering, and consumer goods, has positively impacted demand for reliable, scalable, and sustainable logistics solutions. TCI’s continued investments in multimodal infrastructure, upskilling, AI-based SOPs, and green logistics have positioned us well to deliver the diverse supply chain solutions that meet the scale of India’s evolving logistics requirements.

With continued infrastructure push and steady influx of global players driving multifaceted manufacturing growth, we anticipate a robust order pipeline in the coming quarters. “We remain committed to delivering value through innovation, strategic partnerships, sustainability, and operational excellence in serving our customers with agility and efficiency.”

Transport Corporation of India is engaged in the business of freight transport, supply chain solutions, and transport through seaways.

Shares of Transport Corporation of India shed 0.20% to Rs 1,201.10 on the BSE.