Q1 2025 TCI Express Ltd Earnings Call Transcript
Key Points
- TCI Express Ltd (NSE:TCIEXP) is making substantial strides in strengthening its multimodal business, aiming to increase its contribution to 20%-22% of total revenue over the next 2-3 years.
- The recent automation of the Pune Sorting Center has significantly boosted operational efficiency in Western India, with plans to extend this automation to other centers.
- The company has launched a Money Back Guarantee scheme, setting a new standard in the express delivery industry by guaranteeing on-time delivery.
- TCI Express Ltd (NSE:TCIEXP) has been recognized as a Great Place to Work for the fourth consecutive year, demonstrating a positive work environment.
- The company remains debt-free with a robust balance sheet, maintaining a strong financial position.
- Quarterly results showed a decline in volumes and margins due to market fluctuations, increased costs, and adverse weather conditions.
- Higher interest rates, labor costs, and inflation have impacted customers, leading to lower utilization levels.
- The logistics sector faced challenges due to general elections and temporary declines in volumes.
- The company's EBITDA margin declined by 25% and PAT level by 28% year-on-year due to increased costs and reduced volumes.
- Airline consolidation and increased airport charges have significantly impacted operating costs, contributing to a 250 basis point increase in overall costs.
Good day, ladies and gentlemen. It's my pleasure to welcome you on behalf of TCI Express and SKP Securities to TCI Express Limited's Q1 FY25 results webinar. We have with us Mr. Chander Agarwal, Managing Director; along with his colleagues, Mr. Mukti Lal, CFO; and Mr. Hemant Srivastava, COO; Surface Express business and Mr. Ashok Pandey, COO; Multimodal Express business. This webinar is being recorded for compliance reason. And during the course of discussion, there may be certain forward-looking statements. These should be viewed in conjunction with the risks that the company faces. We'll have the opening remarks from Mr. Chander Agarwal followed by a presentation and then the Q&A session. Thank you, and over to you, Chander ji.
Thank you Navin ji. Good evening, and welcome, everyone, to quarter one Financial '25 Earnings Conference Call of TCI Express Limited. I would like to thank all of you for joining us here today. We have already
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