New Delhi [India], May 28: Tiger Logistics shares are likely to remain in focus on Friday, May 29, after the company announced its financial results for the quarter ended March 31, 2026, reporting a sharp decline in profitability despite robust revenue growth.

The multibagger small-cap stock settled 0.61% lower at ₹35.91 apiece on the NSE on May 28.

Tiger Logistics reported a 65.53% year-on-year (YoY) decline in consolidated net profit to ₹2.22 crore in the March quarter of FY26, compared to ₹6.44 crore in the corresponding quarter last year, mainly due to elevated expenses.

However, revenue from operations surged 41.96% YoY to ₹162.54 crore during the quarter under review, against ₹114.50 crore reported in the same period of the previous fiscal.

On a full-year basis, the company posted a 20.33% decline in net profit to ₹21.52 crore in FY26, compared to ₹27.01 crore in FY25. Despite the earnings pressure, annual revenue rose 6.81% to ₹572.82 crore from ₹536.31 crore in the previous financial year.

The company also highlighted a fresh business development during the month. In an exchange filing dated May 18, Tiger Logistics said that Bank Note Paper Mill India Private Limited (BNPMIL), a Government of India enterprise, renewed its import logistics contract with the company for one year.

The contract, valued at nearly ₹2 crore, involves handling freight forwarding through air and sea routes, customs clearance, and inland transportation for imported consignments destined for the Mysuru plant.

Under the agreement, Tiger Logistics will manage import shipments arriving through Bangalore Airport, Chennai Seaport, and Bangalore ICD. The consignments will originate from several countries, including Germany, France, Denmark, Switzerland, the Czech Republic, the Netherlands, the United States, Canada, Italy, Singapore, Finland, Austria, and Thailand.

Commenting on the development, Harpreet Singh Malhotra, CMD of Tiger Logistics (India) Limited, said the contract renewal reflects the company’s operational reliability and execution strength in handling complex global logistics operations.

On the stock performance front, Tiger Logistics shares have remained volatile amid weak broader market sentiment. The stock has gained marginally 0.36% over the past week and 0.67% in the last month.

However, the counter has declined 8.26% in six months and fallen 38.30% over the past year. The stock is also down more than 16% over two years and nearly 5% over three years.

Despite the recent weakness, Tiger Logistics has delivered stellar long-term returns, rallying more than 700% in the last five years, making it one of the standout multibagger small-cap stocks during the period.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.