Tiger Logistics posts 1.82% operating margin in Q1FY27
Standalone profit conversion remained thin as interest expense reached Rs 1.24 cr; management cited new contracts and plans to improve efficiency and margins.
Filed 15 Sep 2026, 16:03 IST · after market close · TIGERLOGS (TIGERLOGS)
Key takeaways
- Standalone Q1FY27 operating margin was only 1.82%, leaving limited profit conversion from Rs 152.53 cr of revenue.
- Interest expense of Rs 1.24 cr and tax of Rs 0.73 cr reduced profit after operating profit of Rs 2.78 cr.
- Management said it renewed the Bank Note Paper Mill India mandate and added a BHEL break-bulk contract while targeting better margins.
Price around the results
Thin operating conversion in the standalone quarter
Tiger Logistics reported standalone revenue of Rs 152.53 cr and operating profit of Rs 2.78 cr in Q1FY27, implying only 1.82% operating margin. Profit before tax was Rs 2.9 cr, while net profit stood at Rs 2.17 cr after Rs 0.73 cr of tax. The results were filed after market close, so there was no immediate stock reaction to assess.
Interest absorbed a sizeable part of operating profit
Interest expense of Rs 1.24 cr was a significant charge against operating profit of Rs 2.78 cr, limiting the conversion of operations into pre-tax earnings. Other income of Rs 1.6 cr also supported profit before tax of Rs 2.9 cr, so reported earnings were not driven by operations alone. The tax rate was 25.18%.
Management points to contracts and wider market reach
Management said the company renewed its logistics mandate with Bank Note Paper Mill India and added a break-bulk logistics contract from BHEL. It also said it plans to expand into new markets and deepen its presence across existing trade lanes. The company said its focus is on improving operational efficiency, strengthening margins and converting higher business volumes into sustainable profitability.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹153 cr |
| Other income | ₹2 cr |
| Expenses | ₹150 cr |
| Operating profit | ₹3 cr |
| Operating margin (%) | 1.82% |
| Interest | ₹1 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹3 cr |
| Tax | ₹1 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹0.23 |
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -1.51% | -1.34% |
| Next session | -1.62% | — |
| 5 sessions | +13.64% | +14.48% |
| 15 sessions | +12.91% | — |
Volume on the results session was 1.24× its 20-day average.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Guidance & outlook
- The company plans to sustain growth while improving operational efficiency, margins and sustainable profitability.
- The company is confident about the year ahead due to deeper market penetration, a growing customer base and improving pricing prospects.
Expansion
- The company plans to expand into new markets and strengthen its presence across existing trade lanes.
New orders
- The company renewed its logistics mandate with Bank Note Paper Mill India.
- The company added a new break-bulk logistics contract from BHEL.
What to watch
- Whether operating margin improves from 1.82% in the next quarter.
- Whether interest expense remains close to or below Rs 1.24 cr as operating profit changes.
- Evidence of contribution from the renewed Bank Note Paper Mill India mandate and the new BHEL contract.