TCI's 10.83% margin trails Services peer median by 11.63 points
The consolidated quarter included Rs 24.7 cr of other income against Rs 116.8 cr of profit before tax.
Filed 30 Jul 2026, 14:12 IST · Transport Corporation of India Ltd (TCI)
Key takeaways
- TCI's consolidated operating margin was 10.83%, 11.63 percentage points below the Services peer median.
- The company reported consolidated net profit of Rs 106.6 cr after Rs 24.7 cr of other income and an 8.73% tax rate.
- TCI ranked fourth from the bottom among 10 reported Services peers on operating margin.
Price around the results
Operating conversion remained well below sector peers
TCI converted consolidated revenue of Rs 1248.5 cr into operating profit of Rs 135.2 cr, producing a 10.83% operating margin. Among 10 Services companies that have reported, this was 11.63 percentage points below the sector median of 22.46% and placed TCI fourth from the bottom.
Reported profit included a non-operating component
Other income of Rs 24.7 cr sat alongside consolidated profit before tax of Rs 116.8 cr, meaning reported earnings included a non-operating contribution. Net profit was Rs 106.6 cr after an 8.73% tax rate, while interest was Rs 7.0 cr and depreciation was Rs 36.1 cr.
No sequential or annual trend is available in this release
The Q1FY27 filing does not provide a year-on-year or quarter-on-quarter comparison, so the quarter's margin direction cannot be assessed from the reported period alone. The current baseline is a 10.83% operating margin on consolidated revenue of Rs 1248.5 cr.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹1,249 cr |
| Other income | ₹25 cr |
| Expenses | ₹1,113 cr |
| Operating profit | ₹135 cr |
| Operating margin (%) | 10.83% |
| Interest | ₹7 cr |
| Depreciation | ₹36 cr |
| Profit before tax | ₹117 cr |
| Tax | ₹10 cr |
| Net profit | ₹107 cr |
| EPS (₹) | ₹13.77 |
Operating margin of 10.83% compares with a Services sector median of 22.46% across 10 peers that have reported Q1FY27.
What to watch
- Whether operating margin moves above or below the Q1FY27 baseline of 10.83%.
- Whether other income remains near Rs 24.7 cr in the next reported quarter.
- How expenses compare with the Q1FY27 level of Rs 1113.3 cr as revenue changes.