TCIEXP

Dec 24 (Reuters) - TCI Express Ltd TCIE.NS:

• GETS GST DEMAND ORDER OF 513.6 MILLION RUPEES

Source text: ID:nNSEbHHT2s

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Dec 9 (Reuters) - Cellecor Gadgets Ltd CELE.NS:

• CELLECOR GADGETS - PARTNERED WITH TCI EXPRESS, DTDC EXPRESS, OM LOGISTICS, EXPRESS ROADWAYS

Source text: ID:nNSE133h3r

Further company coverage: CELE.NS

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TCI Express Ltd TCIE.NS:

• TCI EXPRESS SEPT-QUARTER CONSOL NET PROFIT 249.3 MILLION RUPEES

• TCI EXPRESS SEPT-QUARTER CONSOL INCOME FROM OPERATIONS 3.12 BILLION RUPEES

• TCI EXPRESS - DIVIDEND 3 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: TCIE.NS

Aug 13 (Reuters) - TCI Express Ltd TCIE.NS:

• TCI EXPRESS LTD JUNE-QUARTER CONSOL NET PROFIT 223 MILLION RUPEES

• TCI EXPRESS LTD JUNE-QUARTER CONSOL INCOME FROM OPERATIONS 2.93 BILLION RUPEES

Source text for Eikon: ID:nBSE4W4ZGQ

Further company coverage: TCIE.NS

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** Shares of cargo distributor TCI Express Ltd TCIE.NS fall as much as 8.1% to 1,010.70 rupees ($12.10)

** Co reported 17.8% fall in fourth-quarter profit to 315.9 mln rupees, income from ops fell 2.8%

** Continued headwinds from muted demand and high inventory levels brought down the number of goods dispatched during the quarter, co said in a statement

** Stock on track to snap two days of gains

** More than 279,000 shares traded as of 12:28 p.m., 3.8x their 30-day moving avg

** Mean rating of 9 brokerages rating the stock is "buy"; their median PT is 1,254 rupees - LSEG data

** TCIE last down 7%, adding to YTD losses of ~26%

($1 = 83.5175 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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May 10 (Reuters) - TCI Express Ltd TCIE.NS:

• TCI EXPRESS LTD - APPROVAL FOR INVESTMENT OF ADDITIONAL EQUITY FOR AMOUNT NOT EXCEEDING SGD 1.5 MILLION IN UNIT

Source text for Eikon: ID:nBSE4cHZYs

Further company coverage: TCIE.NS

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Feb 12 (Reuters) - TCI Express Ltd TCIE.NS:

• TCI EXPRESS LTD DEC-QUARTER NET PROFIT 321.9 MILLION RUPEES VERSUS 320.2 MILLION RUPEES YEAR AGO

• TCI EXPRESS LTD - DIVIDEND 3 RUPEES PER SHARE

• TCI EXPRESS LTD DEC-QUARTER INCOME FROM OPERATIONS 3.12 BILLION RUPEES VERSUS 3.14 BILLION RUPEES YEAR AGO

Source text for Eikon: [ID:]

Further company coverage: TCIE.NS

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** Festive season could boost earnings for most of the Indian logistics companies in Q3 after a mixed Q2, ICICI Securities said in a note

** Says weakness in export-import (EXIM) volume and EXIM imbalance remain key concerns, though the demand scenario is improving for companies

** We are now more positive on the industry as margins have seemingly troughed for most of the companies - ICICI Securities

** Believes worst is over for Container Corp CCRI.NS and Blue Dart Express BLDT.NS in terms of margins

** Says VRL Logistics VRLL.NS and TCI Express TCIE.NS have cheaper valuations and better prospects

** BLDT, CCRI down 1% and 0.7%, respectively; VRLL dips 0.4%, TCIE mostly flat

(Reporting by Sethuraman NR in Bengaluru)

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** Jefferies says shift of festive season and related pre-buying should result in strong Q3 for Indian logistics firms

** Adds, dedicated freight corridor to drive upside for Container Corp of India (Concor) CCRI.NS; Delhivery DELH.NS to benefit from toned-down estimates

** Jefferies says Concor, Gateway Distriparks GATW.NS passing on haulage hikes "in line with expectations;" positive margin surprise from vol growth likely to reflect Q4 onwards

** The 10% haulage hike likely weighed on the share of freight carried by rail in Oct and could impact in Nov, but improvement likely from Dec - brokerage

** Concor, Delhivery, TCI Express TCIE.NS are Jefferies' top picks

** CCRI, GATW, TCIE up 0.2%-1.8%, while DELH down 2.8% as of 12:50 p.m. IST

(Reporting by Hritam Mukherjee)

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Oct 17 (Reuters) - TCI Express Ltd TCIE.NS:

• SEPT-QUARTER NET PAT 355.8 MILLION RUPEES VERSUS PROFIT 377.9 MILLION RUPEES

• SEPT-QUARTER INCOME FROM OPERATIONS 3.2 BILLION RUPEES VERSUS 3.1 BILLION RUPEES

• DIVIDEND 3 RUPEES PER SHARE

Further company coverage: TCIE.NS

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** Motilal Oswal (reiterates "buy", TP 1,850 rupees) expects Indian cargo services co TCI Express TCIE.NS to clock 11% volume CAGR over FY23-25 on automation and transition from rental sorting centres to owned model, resulting in better operating efficiency

** TCIE plans to incur capex of 5 bln rupees ($60.6 mln) over next five years to set up own sorting centres: MS

** TCIE last up 2.2% on Monday

** New automated sorting centres will enhance co's operational efficiency and reduce turnaround time, bolstering competitiveness: brokerage

** With targeted capex, a debt-free balance sheet and focus on highly profitable B2B segment, outlook for TCIE looks bright - brokerage

** Says co's aggressive branch expansion plans in key markets, with a focus on SME segment, is an opportunity to gain market share

($1 = 82.4525 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of TCI Express Ltd TCIE.NS jump as much as 5.51% to an over-two-month high of 1,602.10 rupees

** Logistics firm posted 7% Y/Y rise in net profit and 9.33% jump in revenue for March quarter last week

** Analysts at Motilal Oswal reiterate "buy" with TP unchanged at 1,780 rupees, an 18% implied upside

** Earnings in-line with estimates, profitability driven by 85% capacity utilisation and steady demand: Motilal Oswal

** Adds outlook remains bright for TCEI, expects volume and revenue growth of 11% and 13%, respectively, over next two years

** ICICI Securities also reiterates "buy" on TCIE, TP set at 1,775 rupees

** Core profit and margin expansion driven by high volumes and capacity utilisation: ICICI

** Trading volume is 40,536 shares as of 1:55 p.m. IST, 2.4x 30-day avg - Refinitiv data

** Of 12 analysts trackng TCIE, eight maintain "buy", one suggests "sell" and three recommend "hold"; median TP is 1,777.50 rupees

(Reporting by Bharath Rajeswaran in Bengaluru)

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