Moneycontrol PRO

TCI Express: Best to remain on the sidelines

While we expect a sequential improvement for TCI Express in the coming quarters, the path to recovery could be painful due to external factors

August 27, 2020 / 10:29 AM IST
TCI Express: Best to remain on the sidelines

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Third-party express logistics service provider TCI Express (TCIX) has had a rough start to FY21. Operating results for the June quarter were weak because of the pandemic-led closures as well as labour disruptions. While we anticipate a sequential improvement in the coming quarters, the path to recovery could be painful due to external factors. Quarterly result highlights In Q1 FY21, TCIX reported a 65 per cent year-on-year (YoY) decline in revenues to Rs 89 crore owing to a steep decline in volumes....

  • PRO Panorama

    Moneycontrol Pro Panorama | Financial innovation: RBI walks a tight rope

    Jun 23, 2022 / 07:13 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Red Queen in MPC minutes, a turnaround IT story, macro clouds gather, Start-up Street and more

    Read Now
  • PRO Weekender

    MC Pro Weekender | A new narrative

    Jun 25, 2022 / 12:28 PM IST

    Stock markets are celebrating the turn in inflation, but the bond markets are looking at the coming slowdown

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers