Total Transport Systems Q2 Revenue Rises 73.7% to ₹283.9 Crore
Key highlights
- Total Transport Systems reported Q2 FY27 revenue of ₹283.9 crore, up 73.7% year on year.
- Q2 FY27 profit after tax increased to ₹7.1 crore from ₹2.4 crore in Q2 FY26.
- Air-freight volume reached 549 tonnes in Q2 FY27, including 483 tonnes of export freight.
- H1 FY27 revenue was ₹477.5 crore and PAT was ₹11.2 crore.
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Total Transport Systems Limited reported Q2 FY27 revenue of ₹283.9 crore, up 73.7% year on year, while profit after tax rose to ₹7.1 crore from ₹2.4 crore in the September 2025 quarter. The result reflects higher business from new clients, last-mile delivery operations and air-cargo volumes.
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How did Total Transport Systems perform in Q2 FY27?
Total Transport Systems reported consolidated revenue from operations of ₹283.9 crore for the quarter ended September 30, 2026, compared with ₹163.5 crore in Q2 FY26. The increase was 73.7% year on year and followed revenue of ₹193.6 crore in Q1 FY27, representing a 46.7% sequential rise.
Profit after tax reached ₹7.1 crore, compared with ₹2.4 crore a year earlier and ₹4.1 crore in the preceding quarter. This represented year-on-year growth of about 201.7% and sequential growth of about 72.4%. Earnings per share stood at ₹4.41, against ₹1.41 in Q2 FY26.
The company declared the consolidated results on November 4, 2026. The reported period covers July through September 2026, the second quarter of FY27.
What drove the revenue increase for Total Transport Systems?
Total Transport Systems attributed the revenue growth to new client additions, expansion in last-mile delivery and increased air-cargo business. These areas added to the company's quarterly operating activity and supported the sharp increase in revenue from operations.
Air-freight volume rose to 549 tonnes in Q2 FY27 from 439 tonnes in Q2 FY26 and 434 tonnes in Q1 FY27. Export freight accounted for 483 tonnes of the Q2 air-freight volume. The higher volume provides a measurable indication of the increased activity in the air-cargo segment during the quarter.
The company operates in logistics and transport services, where revenue can be affected by shipment volumes, customer additions and the mix of services handled. In this quarter, the disclosed operational drivers were last-mile delivery, air cargo and new customers.
What were the key Q2 FY27 financial figures?
Total Transport Systems recorded gains across revenue, operating profit and net profit in Q2 FY27. Operating profit was ₹10.4 crore, up from ₹4.8 crore in Q2 FY26, while profit before tax rose to ₹9.1 crore from ₹3.1 crore.
The operating margin was reported at 3.7%, compared with 2.9% a year earlier and 3.3% in Q1 FY27. PAT margin improved to 2.5% from 1.4% in Q2 FY26. Separately, the supplied results information reported EBITDA of ₹19.3 crore and an EBITDA margin of 6.8%; this differs from the operating-profit figures disclosed in the quarterly comparison table.
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How did the first half of FY27 compare with last year?
Total Transport Systems reported H1 FY27 revenue of ₹477.5 crore, up 53.6% from ₹310.9 crore in H1 FY26. The six-month revenue outcome incorporates the September-quarter growth as well as the June-quarter revenue of ₹193.6 crore.
H1 FY27 PAT was ₹11.2 crore, compared with ₹5.3 crore in the corresponding period of FY26. That was an increase of roughly 2.2 times. The first-half figures show that the revenue and profit expansion was not limited to the September quarter, although Q2 contributed the larger share of H1 revenue.
The reported data also flagged negative operating cash flow for H1 FY27 despite the profit and stated that borrowings had risen 55% since March 2026. These are relevant figures for investors assessing the relation between reported earnings, working-capital requirements and funding.
What does the result mean for investors and logistics operations?
Total Transport Systems' Q2 result shows substantially higher revenue alongside expansion in reported operating and net profit margins. The increase in air-freight volumes and the disclosed additions of clients indicate that multiple operating areas contributed to growth rather than a single revenue stream.
For investors, the result also presents both earnings and balance-sheet considerations. The company reported a market capitalisation of ₹127 crore in the supplied information, while the reported rise in borrowings and negative first-half operating cash flow provide additional context beyond quarterly profit growth. The figures do not establish how these cash-flow and borrowing trends will develop in later periods.
For customers and industry participants, the expansion in last-mile and air-cargo activity points to greater logistics throughput during the quarter. The disclosed figures do not provide a segment-wise revenue split or separate pricing data, so the precise contribution of each service line to revenue and margins is not stated.
Conclusion
Total Transport Systems delivered a strong Q2 FY27 on reported revenue and profit measures, with revenue rising 73.7% to ₹283.9 crore and PAT increasing to ₹7.1 crore. New clients, last-mile delivery activity and higher air-cargo volumes were the stated reasons for the improvement, while margins also rose from the prior-year quarter.
The next results will indicate whether the higher business volumes and client additions continue through the second half of FY27. Investors will also watch operating cash flow and borrowings after the company reported negative H1 operating cash flow and a 55% increase in borrowings since March 2026.