Tejas Cargo India Q1 FY26: Fleet expands, revenue per trip improves 6% YoY
Tejas Cargo India Limited, the Faridabad-based logistics company, reported steady operational progress in Q1 FY26 (April–June). The company expanded its operational capacity by adding 83 new vehicles, with a net fleet increase of 68 vehicles during the quarter, taking its total fleet to 1,199 vehicles.
The fleet additions included 30 trailers, 15 32-ft MXL trucks, 33 32-ft SXL trucks, and 5 new 22-ft trucks, marking the introduction of a new segment. Tejas completed 24,275 trips during the quarter, with the average revenue per trip rising by approximately 6% compared to Q1 FY25.
The company also onboarded three new clients, taking the active client base to around 85. It strengthened its integrated logistics offering by acquiring full ownership of its subsidiary, Tejas Carrier Solutions Private Limited, to expand into multimodal and specialized transportation.
On the digital front, Tejas advanced its ERP upgrade, with the Human Resource Management System and the first phase of operational modules expected to go live by the end of July 2025.
The company's focus on workforce development continued, with structured safety training sessions conducted across operational centers.
As of June 30, 2025, the company's outstanding term loan declined to ₹106.49 crore from ₹133.34 crore at the end of March. CARE Ratings assigned a stable outlook to its long-term facilities (rated CARE BBB-) and its short-term facilities (CARE A3).
Looking ahead, Tejas aims to add around 50 more vehicles in Q2 and expand further into coal, fly ash, and mining logistics, having already filed tenders with Coal India Limited and its subsidiary.
Disclaimer:
Certain statements in this document that are not historical facts are forward-looking statements. Such statements are subject to risks and uncertainties that may cause actual results to differ materially. The company disclaims any obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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