TCI Express rallies 16%, hits new high on robust March quarter results

The company's Q4FY21 Ebitda margin expanded by 870 bps YoY to 20.3%, driven by improvement in both volumes and realisations

Shares of TCI Express rallied 16 per cent to hit a new high of Rs 1,245.10 on the BSE in intra-day trade on Thursday after the company reported robust earnings in the March quarter (Q4FY21), with profit after tax (PAT) surging 124 per cent year-on-year (YoY) to Rs 43 crore.

The stock of the logistics company surpassed its previous high of Rs 1,144.35 touched on Tuesday, May 18. In the past one week, the scrip has zoomed 36 per cent, as compared to a gain of 4.6 per cent in the S&P BSE Sensex.

In Q4FY21, the company’s revenue from operations grew