Transport Corporation of India shares jump 10% after firm notifies board meet to consider buyback

Further detail regarding the buyback price and the quantum are expected to be released later following the board meeting.

TCI is a logistics and supply chain solutions provider based out of Gurugram. The firm has an extensive network of company owned offices and over 15 million square feet of warehousing space. During the first quarter of fiscal year 2025, the company reported a 10.9% year-over-year (YoY) rise in its revenue at ₹984.40 crore. Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 16.7% YoY to ₹145.20 crore during the quarter while net profit rose 26.3% to ₹105.20 crore.

Vineet Agarwal, Managing Director at Transport Corporation of India said all of the firm’s product segments serving various industry verticals have grown, especially coastal shipping, rail multimodal solutions, 3PL/warehousing and cold chain logistics. “Our focus remains on providing value added and technologically advanced customized offerings to our customers,” he said.

Agarwal also added that the firm is enabling its customers to reduce GHG emissions by increasing its fleet of BS VI vehicles and by adopting alternate fuels like Electric, CNG and LNG.

TCI further pointed out that it continues to invest in critical infrastructure like warehouses, yards and leverage big data from e-waybills and FASTag to estimate demand and enhance logistics efficiency for its customers. To boost its multimodal capabilities, the firm has placed orders for building of two 7,300 metric tonne (MT) dead weight capacity cellular container vessels for a total contract price of $38.80 million. The ships are expected to be delivered by end 2026, it said.

Shares of the company gained over 38% since the beginning of the year. The stock has risen over 44% in the last one year.