Tiger Logistics delivered Q3 FY26 revenue of ₹13,902 lakh with PAT of ₹594 lakh despite global freight rate pressures. A sharp 52% YoY growth in TEU volumes highlights strong operational demand and resilient logistics execution.
Author: Aditya Pareek | EQMint
International freight forwarding and logistics solutions provider Tiger Logistics (India) Limited announced its Tiger Logistics Q3 results for the quarter ended 31 December 2025. The company reported Q3 FY26 revenue of ₹13,902 lakh, EBITDA of ₹757 lakh, and Tiger Logistics PAT Q3 of ₹594 lakh, reflecting steady profitability despite global freight market normalization 3.
For investors tracking Tiger Logistics share news, the results present a balanced picture of strong volume growth offset by rate pressures across global trade corridors.
Revenue Performance: Rate Pressures Impact Top Line
According to the official press release (Page 2), Q3 FY26 revenue stood at ₹13,902 lakh, lower on both QoQ and YoY basis due to:
- US tariff pressures
- Moderation in global freight rates
- Middle East geopolitical developments (US–Iran situation)
- Freight rate volatility across key trade corridors
However, despite softer realizations, the company demonstrated strong operational resilience.
For the nine-month period, Tiger Logistics FY26 earnings reported revenue of ₹41,027 lakh, reflecting stable performance in a dynamic global environment 3.
Volume Growth: 52% TEU Expansion a Major Highlight
One of the strongest highlights in the Tiger Logistics Q3 results is volume growth.
As per the performance summary on Page 2:
- TEU volumes grew 52% YoY in Q3 FY26
- 32% growth recorded for 9M FY26
This indicates that while freight rates normalized, underlying demand and cargo movement remained robust.
The company emphasized that revenue softness was rate-driven, not volume-driven — a critical distinction for evaluating long-term sustainability.
For analysts monitoring Tiger Logistics revenue Q3 FY26, volume growth suggests underlying market share expansion.
Profitability Metrics: EBITDA & PAT Remain Stable
Q3 FY26 Key Financials:
- Revenue: ₹13,902 lakh
- EBITDA: ₹757 lakh
- EBITDA Margin: 5.4%
- EBIT: ₹928 lakh
- Tiger Logistics PAT Q3: ₹594 lakh
- PAT Margin: 4.3%
- EPS: ₹0.58
Despite lower realizations, cost discipline helped protect margins.
Nine-Month FY26 Highlights:
- Revenue: ₹41,027 lakh
- EBITDA: ₹2,461 lakh
- EBITDA Margin improved to 6.0% (vs 5.6% last year)
- PAT: ₹1,926 lakh
- EPS: ₹1.88
The improvement in nine-month margins reflects operational efficiency and prudent financial management 3.
Management Commentary: Confident Long-Term Outlook
Commenting on the Tiger Logistics FY26 earnings, Chairman & MD Mr. Harpreet Singh Malhotra stated that:
- Performance reflects resilient demand
- Revenue trends were rate-driven rather than volume-driven
- Cost discipline remains a priority
- Working capital utilization increased to support higher volumes
He also highlighted confidence in structural improvements within India’s logistics ecosystem and reiterated commitment to sustainable, profitable growth 3.
This reinforces a positive narrative in ongoing Tiger Logistics share news discussions.
Business Model Strength: Asset-Light Advantage
Tiger Logistics operates across:
- Freight forwarding (air & ocean)
- Defence & project logistics
- Customs clearance
- Transportation
The company launched its proprietary digital platform FreightJar in 2023 to streamline freight booking for SMEs and MSMEs.
Its asset-light model enables flexibility during freight rate volatility while maintaining cost efficiency.
This operational structure supports long-term stability in Tiger Logistics FY26 earnings.
Challenges & Risks
While volume growth is strong, investors should monitor:
- Global freight rate normalization
- Geopolitical disruptions
- Working capital utilization
- Margin sensitivity to rate volatility
Nevertheless, margin improvement in 9M FY26 suggests strong internal cost control.
Conclusion
The latest Tiger Logistics Q3 results highlight a company navigating global volatility with operational resilience. Despite softer freight realizations, the company delivered ₹13,902 lakh revenue and ₹594 lakh PAT, supported by impressive 52% TEU growth.
For investors tracking Tiger Logistics revenue Q3 FY26 and broader Tiger Logistics share news, the key takeaway is strong volume momentum combined with disciplined cost management.
As global trade conditions stabilize, the company appears positioned for sustainable growth.
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Disclaimer: This article is not an investment advice and is for educational purpose only
