Total Transport Systems Limited Q2 revenue rose 73.7%, PAT tripled

Total Transport Systems Limited reported consolidated Q2 FY27 revenue of Rs 283.9 crore, up 73.7% year on year, while profit after tax rose threefold to Rs 7.1 crore and PAT margin increased to 2.5% from 1.4%. The unaudited results cover the quarter ended September 30, 2026.

How did TTSL perform in Q2 FY27?

TTSL increased revenue to Rs 283.9 crore in Q2 FY27 from Rs 163.5 crore in Q2 FY26, a 73.7% increase, and from Rs 193.6 crore in Q1 FY27, a sequential rise of 46.7%. Management said new client additions, expansion of last-mile delivery and increased air-cargo volumes supported the quarter ended September 30, 2026.

Earnings before interest, tax, depreciation and amortisation, or EBITDA, rose to Rs 10.4 crore from Rs 4.8 crore a year earlier, which TTSL reported as 2.2 times growth. EBITDA also increased 61.9% from Rs 6.5 crore in Q1 FY27, while profit after tax, or PAT, rose from Rs 2.4 crore in Q2 FY26 and Rs 4.1 crore in Q1 FY27.

Earnings before interest and tax, or EBIT, was Rs 10.4 crore in Q2 FY27, compared with Rs 4.0 crore in Q2 FY26 and Rs 6.6 crore in Q1 FY27. Earnings per share increased to 4.41 rupees from 1.41 rupees a year earlier and 2.55 rupees sequentially, with TTSL reporting year-on-year growth of 3.1 times.

How much did TTSL's profitability margin improve?

TTSL's EBITDA margin reached 3.7% in Q2 FY27, up 74 basis points from 2.9% in Q2 FY26 and 35 basis points from 3.3% in Q1 FY27. A basis point is one-hundredth of a percentage point, and the margin gain accompanied EBITDA growth of 2.2 times year on year.

EBIT margin rose to 3.6% from 2.5% in Q2 FY26 and 3.4% in Q1 FY27, representing expansion of 118 basis points year on year and 24 basis points sequentially. PAT margin increased to 2.5% from 1.4% a year earlier and 2.1% in Q1 FY27, gains of 107 basis points and 38 basis points, respectively.

TTSL Chief Financial Officer Shrikant Nibandhe Pradhan said the H1 FY27 EBITDA-margin rise to 3.5% from 2.9% indicated improving operating leverage. He said investments in employee capabilities and new software systems were improving enterprise-level coordination, while the company was working to incorporate artificial intelligence into processes over coming quarters.

What were TTSL's H1 FY27 results?

TTSL reported H1 FY27 revenue of Rs 477.5 crore, up 53.6% from Rs 310.9 crore in H1 FY26. EBITDA increased 84.5% to Rs 16.9 crore from Rs 9.2 crore, while PAT rose to Rs 11.2 crore from Rs 5.3 crore, which the company described as growth of 2.1 times.

First-half EBITDA margin rose 59 basis points to 3.5%, EBIT margin increased 67 basis points to 3.6%, and PAT margin expanded 65 basis points to 2.4%. H1 FY27 EBITDA of Rs 16.9 crore and PAT of Rs 11.2 crore were above the Rs 14.9 crore EBITDA and Rs 7.9 crore PAT reported for all of FY26, although TTSL provided no full-year target.

What is TTSL planning after Q2 FY27?

TTSL said it plans to expand into more cities, strengthen last-mile delivery operations and add dedicated teams to scale its air-cargo business. Managing Director Makarand Pradhan said these initiatives are expected to support topline and bottom-line growth, service capabilities and operating efficiency.

The company said its Q2 FY27 revenue growth of 73.7% was supported by a diversified service portfolio and an asset-light business model. Its offerings include sea freight, air freight, multimodal transportation, customs clearance, warehousing, last-mile delivery and value-added logistics services, but the release did not disclose segment-level revenue or profit.

TTSL also listed cost control, process improvements and prudent working-capital management as priorities. Through its iCargo Alliance association, it said it has access to a network across more than 89 countries, more than 1,100 locations, more than 166 offices and over 180 agents; the company did not disclose a timetable for city expansion or quantify expected benefits from artificial-intelligence processes.

Conclusion

The Q2 FY27 outcome shows that TTSL's Rs 283.9 crore revenue base generated faster growth in operating and net profit, with EBITDA reaching Rs 10.4 crore and PAT reaching Rs 7.1 crore. Margin gains were recorded both against Q2 FY26 and Q1 FY27, while H1 FY27 revenue rose 53.6% and EBITDA rose 84.5%.

The next reported evidence will be whether expansion into more cities, stronger last-mile delivery operations and dedicated air-cargo teams sustain the growth pattern. Management said artificial-intelligence process benefits are expected over coming quarters, alongside its ongoing focus on cost control, process improvements and working-capital management.