TVS Supply Chain Solutions

TVSSCS

NSE

BSE

SectorLogistics & Cargo

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The Quarter story

The two most recent quarterly results, compared side-by-side.

TVS Supply Chain Solutions posts steady revenue growth and recovering profits, backed by strong new business wins and a healthy order pipeline.

Consolidated revenue grew from ₹2,592 Cr in Q1 FY26 to ₹3,335 Cr in Q1 FY27, confirming steady top-line expansion

Integrated Supply Chain margin dipped from 9.3% in Q4 FY26 to 8.1% in Q1 FY27, indicating cost pressure on the core segment

Global Forwarding margin improved from 2.3% in Q3 FY26 to 4.1% in Q1 FY27, showing stronger pricing power

Freight and handling costs climbed from ₹680.3 Cr in Q1 FY26 to ₹990.9 Cr in Q1 FY27, tracking higher operational volumes

New business revenue accelerated from ₹124 Cr in Q1 FY26 to ₹543 Cr in Q1 FY27, validating aggressive sales execution

Employee benefits expense rose from ₹618.9 Cr in Q1 FY26 to ₹675.7 Cr in Q1 FY27, reflecting headcount and wage growth

Business development pipeline expanded from ₹5,300 Cr in Q1 FY26 to ₹7,500 Cr in Q1 FY27, highlighting robust future visibility

Profit after tax margin fell from 2.7% in Q1 FY26 to 0.7% in Q1 FY27, as one-time gains normalized and costs scaled

About the company

TVS Supply Chain Solutions Limited is an India-based multinational company providing integrated global supply chain solutions. The company operates through two main segments: Integrated Supply Chain Solutions (ISCS) and Network Solutions (NS). ISCS includes services like sourcing, procurement, transportation, logistics operations, and supply chain consulting. NS comprises global forwarding solutions and time-critical final mile solutions. TVS Supply Chain Solutions uses an asset-light business model, leasing warehouses and vehicles through network partners. The company serves various industries including financial services, industrial, defense, beverage, healthcare, rail, and utilities. Originally incorporated in 2004, the company went public in August 2023 with an IPO raising Rs 880 Crore.

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