Analysts/Institutional Investor Meet/Con. Call Updates

Dated: November 10, 2026 Listing Department Listing Department BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street-Mumbai-400001 Bandra Kurla Complex, Bandra (E) Mumbai-400051 Scrip Code: 540212 Scrip Symbol: TCIEXP Sub: Transcript of Earnings Call- Quarter ended September 30, 2026 Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, This is in furtherance to our letter dated November 05, 2026, whereby the Company had submitted the link to the audio recording of the Earning Call held post announcement of the Un-Audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026. Pursuant to the Regulation 30 (6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, please find enclosed the transcript of the said Earnings Call, for your information and records. The transcript of the earnings call is also available on the Company’s website at https://www.tciexpress.in/investor-analyst-corner.aspx?invid=16&key=c74d97b01eae257e44aa9d5bade97baf We request you to take the above information on record. Thanking you For TCI Express Limited PRIYANKA (Company Secretary & Compliance Officer) 91 40 27840104 Website: www.tciexpress.in Corporate Office: Plot No. 84, 3rd Floor, Sector 32, Institutional Area, Gurugram - 122001, India Tel.: +91-124-2384090-94 • Email: info@tciexpress.in • CIN: L62200TG2008PLC061781 Registered Office: Flat Nos. 306 & 307, 1-8-273, Third Floor, Ashoka Bhoopal Chambers, S. P. Road, Secunderabad – 500003 • Tel.: ++91 40 27840104 “TCI Express Limited Q2 FY27 Earnings Conference Call” November 05, 2026 MANAGEMENT: MR. CHANDER AGARWAL – MANAGING DIRECTOR – TCI EXPRESS LIMITED MR. MUKTI LAL – EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER – TCI EXPRESS LIMITED MR. PABITRA PANDA – CHIEF BUSINESS OFFICER – TCI EXPRESS LIMITED MODERATOR: MR. VIKRAM SURYAVANSHI – PHILIPCAPITAL INDIA PRIVATE LIMITED Page 1 of 13 TCI Express Limited November 05, 2026 Moderator: Ladies and gentlemen, good day and welcome to the TCI Express Limited Q2 FY27 Earnings Conference Call hosted by PhillipCapital India Private Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. This conference call may contain certain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. I now hand the conference over to Mr. Vikram Suryavanshi from PhillipCapital India Private Limited. Thank you, and over to you, sir. Vikram Suryavanshi: Thank you, Sagar. Good afternoon and very warm welcome to everyone. Thank you for being on the call of TCI Express Limited. We are happy to have the management with us here today for question and answer session with the investment community. The management is represented by Mr. Chander Agarwal, Managing Director, Mr. Mukti Lal, Executive Director and Chief Financial Officer, and Mr. Pabitra Panda, Chief Business Officer. Before we start with the question and answer session, we will have some opening comments from the management. I will hand over the call to Mr. Chander Agarwal for opening comments. Over to you, sir. Chander Agarwal: Thank you very much. Good evening, everyone, and welcome to the Q2 and H1 financial year 2027 earnings conference call of TCI Express Limited. I would like to thank all of you for joining us today. Our earnings presentation has been updated to the company's website and shared with the stock exchanges, and I trust you have had the opportunity to review it. I will start with an overview of our business performance, strategic priorities for the quarter, and first half of financial year 27. Following this, our Executive Director and CFO, Mr. Mukti Lal, will take you through the financials in detail. I am proud of what our team has delivered this quarter. We delivered another quarter of profitable growth with EBITDA up 10.8% year-on-year and margin expanding to 12.7%, our best in five quarters. Our strategy is to build scale in our higher growth businesses while strengthening our core, and this quarter shows that strategy at work. E-Commerce Express grew 51.6% year-on-year, and both our domestic and International Air Express businesses delivered strong double-digit growth. At the same time, Surface Express, our largest business, continued to deliver healthy growth and remains a strong foundation on which everything else is built. The market backdrop supports this direction. India's manufacturing activity continues to grow, and demand for organized logistics services is expanding. With our multimodal network spanning surface, air, rail, and e-commerce, TCI Express is well-positioned to serve that demand. We are also becoming a more connected and more digital business, looking into new platforms and channels and investing in technology to make it easier for customers to work with Page 2 of 13 TCI Express Limited November 05, 2026 Underpinning all of this is continued investment in our network infrastructure, technology, so that we can grow our capacity while maintaining the service quality and customer expectations. Beyond the business, through the TCI Express Foundation, our artificial limb initiative supported 489 beneficiaries in the first half of 2027, and the archery academy in Jharkhand provided structured training to 52 young athletes. These programs mean a great deal to all of us at TCI Express. Looking ahead, our priorities are simple. We will get even closer to our enterprise customers. While we keep scaling the businesses that are growing fastest, we are also reaching out to the SMEs. We will keep investing in our network and technology. India's logistics sector is moving ahead and changing fast, and I believe TCI Express is well-placed to take the most of it. We have the customers, the network, and most importantly, the people to do it. I am genuinely excited about what lies ahead. With that, I would like to hand over to Mr. Mukti to take you through the financials for the quarter and first half. Thank you. Mukti Lal: Thank you, sir, and good evening, everyone. Let me now take you through our financial performance for the second quarter and first half of this FY 2027 on a standalone basis. The key themes is margin expansion in both the quarter and the first half. EBITDA grew faster than revenue in this quarter and first half. For the second quarter, income from operation grew around 9% year-on-year to INR 336 crores from INR 309 crores, and the total income increased again 8.8% to INR 339 crores from INR 312 crores. EBITDA grew faster, rising around 11% to INR 43 crores from INR 39 crores, which lifted the margin to 12.7% from 12.4%, the highest in the last five quarters. This was driven by better operating performance, higher capacity utilization across our network, and continued cost discipline. Below EBITDA, growth was more moderate. EBIT rose around 7.5% to INR 36 crore. Profit before tax increased 6% to INR 35 crores. PAT grew 6% to INR 27 crores, with a PAT margin of 7.9% precisely. Earning per share was INR 6.9, up 6%. Sequentially, EBITDA rose 16% and profit after tax 19% over Q1 of current year only. The first half followed the same pattern. Income from operation grew 8.8% year-on-year to INR 648 crores from INR 595 crores in last year. Total income increased 8.7% to INR 655 crores from INR 602 crores in last year. First half EBITDA grew 10.8% to INR 80 crores from INR 72 crores [Showing first 8,000 characters — download PDF for full document]