Consolidated revenue growth target of 10-12%
Management maintains full-year guidance based on freight business stability, supply chain pipeline conversion, and seasonal restocking expected in Q2-Q3 from festival demand.
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Transport of India · forward-looking guidance across the available source record.
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revenue
Supply chain business growth of 12-15%
Despite moderated Q1 growth, management expects acceleration in H2 from new contract ramp-up, diesel price hike supplementary bill realization, and truck fleet additions.
Capex budget of ₹550-600 crore for FY27
Breakdown includes ₹237 crore for two new ships (induction in Q3 FY27), ₹100+ crore for warehouse expansion, ₹120 crore for trucks and rakes, and ₹100 crore for equipment and IT systems.
Seaways EBITDA margin of 30-40%
With bunker prices volatile and trending upward (currently ₹86,000/ton), management expects margins to remain in 30-40% range while new ship depreciation may impact near-term profitability.
Revenue growth: 10-12% for FY27
Management maintained full-year guidance despite acknowledging demand uncertainty from geopolitical factors and potential inflation impact on consumer spending.
Seaways revenue growth: 5-10% with sustained margins
With bunker prices remaining elevated, container rates stay high, supporting revenue. Two new ships arriving in Q3-Q4 will add 15,000-16,000 DWT capacity.
Supply chain growth: 13-15% range
Strong pipeline of new contracts in warehousing and e-commerce logistics. AITA margins expected in 9-11% range with ongoing investment phase.
Capex budget: ₹430 crore for FY27
Including ₹237 crore for ship payments (two new vessels plus potential third ship advance) and doubled warehouse equipment budget versus FY26.