Tiger Logistics (India) LimitedQuarter Ended September 30, 2026 Results & Financial Update
Tiger Logistics (India) Limited: Quarter Ended September 30, 2026 standalone results and company financials – revenue ₹225.14 Cr, PAT ₹5.85 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Tiger Logistics (India) Quarter Ended September 30, 2026 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Tiger Logistics (India) Limited reported standalone revenue from operations of ₹225.14 crore for the quarter ended September 30, 2026, marking a significant expansion compared to ₹152.53 crore in the preceding quarter ended June 30, 2026, and ₹168.73 crore in the corresponding quarter of the previous year.
Profit before tax (PBT) for the quarter stood at ₹8.33 crore, reflecting a recovery from ₹2.90 crore in the first quarter of fiscal 2027, though lower than the ₹11.98 crore reported in the same period last year.
Subsequent to the initial financial statement filing, the company submitted a revised financial statement on October 17, 2026, to rectify inadvertent clerical, presentation, and classification errors, resulting in a ₹61,845 upward adjustment in PAT without material impact on overall cash flows or financial position.
Operating expenses expanded alongside top-line growth, reflecting higher operational throughput and cost pressures across freight and service delivery networks.
Tiger Logistics reported standalone revenue from operations of INR 225.14 crore for the quarter ended September 30, 2026, marking a significant expansion compared to both the preceding quarter and the same period in the previous fiscal year.
01 · Business model
What does Tiger Logistics (India) do?
Tiger Logistics (India) Limited operates as an international logistics and supply chain solutions provider, managing freight forwarding, transportation, and cargo handling services across multiple industry verticals.
The company generates its primary revenue from operations associated with international trade movement, including ocean freight, air freight, customs clearance, and project logistics management.
Serving a diverse institutional and corporate client base, Tiger Logistics coordinates domestic and cross-border shipments through a network of domestic offices spanning key commercial and industrial hubs such as New Delhi, Mumbai, Ahmedabad, Chandigarh, Chennai, Bengaluru, Gandhidham, and Nashik.
The operational framework centers on asset-light logistics coordination, utilizing carrier partnerships and digital forwarding infrastructure to facilitate end-to-end supply chain execution.
02 · Historical context
What shaped the business before this quarter
Tiger Logistics (India) Limited was incorporated in 2000 and has operated for over 25 years as a publicly listed logistics services provider in India.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Quarter Ended September 30, 2026 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹225.14 Cr | ₹168.73 Cr | ₹152.53 Cr |
| Total income | ₹228.25 Cr | ₹170.75 Cr | ₹154.13 Cr |
| Profit before tax | ₹8.33 Cr | ₹11.98 Cr | ₹2.90 Cr |
| Profit after tax | ₹5.85 Cr | ₹8.62 Cr | ₹2.17 Cr |
| EPS | ₹0.57 | ₹0.83 | ₹0.23 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations reached ₹225.14 crore for Q2 FY27, showing sequential expansion from ₹152.53 crore in Q1 FY27 and year-on-year growth from ₹168.73 crore in Q2 FY26.
Total income included ₹3.11 crore from other income items during the quarter, supplementing core operating revenues.
Revenue from operations reached INR 225.14 crore for Q2 FY27, reflecting increased cargo volumes and expanded service execution across international trade lanes.
The company recorded INR 3.11 crore in other income during the quarter, supplementing total income to reach INR 228.25 crore.
What drove margins
Operating expenses rose to ₹210.05 crore for the quarter, reflecting proportional cost increases relative to expanded freight volumes and service execution.
Employee benefits expense stood at ₹5.47 crore, while finance costs amounted to ₹1.40 crore for the quarter.
Operating expenses rose to INR 210.05 crore, absorbing a major share of gross inflows and moderating profitability margins relative to top-line expansion.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates primarily in the business of logistics services and maintains a single reportable segment in accordance with Ind AS 108.
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Projects, capex and execution
The balance sheet reflects property, plant, and equipment of ₹93.02 crore as of September 30, 2026, alongside capital expenditures and advances.
07 · Reported developments
What changed operationally
Demonstrated sequential top-line growth with revenue from operations rising to ₹225.14 crore and net profit recovering to ₹5.85 crore compared to the June 2026 quarter.
Operating revenue scaled significantly from INR 152.53 crore in Q1 FY27 to INR 225.14 crore in Q2 FY27.
08 · Pressure points & risks
What is not going smoothly
Net profit after tax declined to ₹5.85 crore in Q2 FY27 from ₹8.62 crore in Q2 FY26 due to higher operating and tax expenses.
09 · Items worth noticing
The line items that can distort a quick read
An upward adjustment of ₹61,845 was made to quarterly PAT following the submission of revised financial results on October 17, 2026.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
For the half year ended September 30, 2026, net cash flow used in operating activities stood at ₹(19.19) crore, impacted by changes in trade receivables and other current assets.
For the half year ended September 30, 2026, net cash flow used in operating activities stood at INR 1,918.64 crore, driven by working capital adjustments including a significant movement in other current assets.
Capital allocation & funding
As of September 30, 2026, the company reported non-current borrowings of ₹0.67 crore and current borrowings of ₹73.80 crore.
11 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations increased by 47.61% sequentially from ₹152.53 crore in Q1 FY27 to ₹225.14 crore in Q2 FY27.
PAT recovered from INR 2.17 crore in the quarter ended June 30, 2026, to INR 5.85 crore in the quarter ended September 30, 2026.
12 · Key Q&A
The quarter, answered directly
What does Tiger Logistics (India) do?
Tiger Logistics (India) Limited operates as an international logistics and supply chain solutions provider, managing freight forwarding, transportation, and cargo handling services across multiple industry verticals.
What is the clearest takeaway from Quarter Ended September 30, 2026?
Tiger Logistics (India) Limited reported standalone revenue from operations of ₹225.14 crore for the quarter ended September 30, 2026, marking a significant expansion compared to ₹152.53 crore in the preceding quarter ended June 30, 2026, and ₹168.73 crore in the corresponding quarter of the previous year.
What drove revenue or demand?
Revenue from operations reached ₹225.14 crore for Q2 FY27, showing sequential expansion from ₹152.53 crore in Q1 FY27 and year-on-year growth from ₹168.73 crore in Q2 FY26.
What mattered most for margins or profitability?
Operating expenses rose to ₹210.05 crore for the quarter, reflecting proportional cost increases relative to expanded freight volumes and service execution.
What changed operationally beyond the headline numbers?
The balance sheet reflects property, plant, and equipment of ₹93.02 crore as of September 30, 2026, alongside capital expenditures and advances.
What are the main pressure points disclosed for the quarter?
Net profit after tax declined to ₹5.85 crore in Q2 FY27 from ₹8.62 crore in Q2 FY26 due to higher operating and tax expenses.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Operating margin progression: Monitor the ability of the company to manage operating expenses relative to top-line growth in subsequent quarters.
- 02
Working capital efficiency: Track trade receivables and short-term borrowing trends as reflected in upcoming financial disclosures.
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