• Fuel cost pass-through: Diesel price hikes of roughly ₹7.5 (5% to 7%) are being passed on through contractual clauses, while a 100% surge in shipping bunker prices has been partially offset by higher shipping rates.
• Shipping margin expectations: Seaways EBITDA margins are expected to normalize from peak levels above 40% to a sustainable range of 25% to 35%, aided by rising road freight rates pushing cargo toward coastal sea transport.
• Financial growth guidance: TCI is targeting 10% to 12% growth across both top line and bottom line, driven by logistics formalization, sustained infrastructure spending, and rising quick-commerce demand.
• Freight mix shift: Less-Than-Truckload (LTL) accounts for 36% of the freight division's 40% revenue share, and TCI is actively utilizing its 1,400-branch network to expand LTL volumes to capture double the margins of Full Truckload shipments.
• Capex and fleet expansion: The company plans ₹550 to ₹600 crore in capex funded mainly via internal accruals, allocating ~₹250 crore toward ship payments to increase coastal shipping capacity by 20%, with the remainder directed to trucks, automotive rakes, and warehousing infrastructure.