~ Consolidated revenue grew 28.7% YoY
~ Adjusted EBITDA grew 34% YoY
~ Adj. PBT rises 70.7% YoY
National: TVS Supply Chain Solutions Limited (NSE: TVSSCS, BOM: 543965), a global supply chain solutions provider and one of the largest and fastest growing integrated supply chain solutions providers in India, today announced its consolidated unaudited financial results for the quarter ended 30th June 2026. The company delivered strong revenue and profit growth driven by record quarterly new business wins, continued momentum in the ISCS segment, higher volumes, improved margins in the GFS segment, and robust growth in its India business.
Other Key highlights – Q1 FY27:
- Revenue for the quarter was ₹3,335.2 Cr compared to ₹2,592.3 Cr in Q1 FY26
- Adj EBITDA was at ₹232.2 Cr from ₹173.3 Cr in Q1 FY26
- Adj PBT increased to ₹32.1 Cr from ₹18.8 Cr
- India geography revenue grew 43.9% YoY, from ₹693.6 Cr. to ₹997.7 Cr.
- Highest-ever quarterly business wins of ₹543 Cr, providing strong growth visibility
- Order pipeline stood at over ₹7500 Cr
- ISCS (Integrated Supply Chain Solutions) segment revenue grew 21.9% YoY; GFS (Global Forwarding Solutions) segment revenue grew 50.6% YoY aided by volumes
Reported PAT for the quarter stood at ₹22.5 Cr compared with ₹71.1 Cr in Q1 FY26. The prior-year quarter included a one-time InVIT gain, excluding this, operational PAT for Q1 FY26 was ₹8.8 Cr, reflecting an underlying PAT growth of approximately 156% in Q1 FY27.
Commenting on the Q1 FY27 results performance, Vikas Chadha, Managing Director, TVS Supply Chain Solutions said, “We have made a strong start to FY27, building on the momentum of our FY26 performance and delivering robust growth across all our key operating metrics. The performance reflects sustained momentum in our ISCS business, significantly higher freight volumes and improved profitability in the GFS segment driven by disciplined execution across operations. The quarter also marked our highest-ever quarterly new business wins of ₹543 crore, while our order pipeline of over ₹7,500 crore provides strong visibility for future growth. Combined with our proven execution capabilities, these strengths reinforce our ability to deliver mid-teen growth in FY27.”
R Vaidhyanathan, Global Chief Financial Officer, TVS Supply Chain Solutions Ltd. said, “Our Q1 performance demonstrates the continued improvement in the quality of our earnings. Adjusted EBITDA grew 34% while Adjusted PBT increased 71%, reflecting operating leverage and disciplined cost management. The ISCS business maintained healthy margins, while the GFS segment delivered a significant improvement in profitability, with EBITDA margins expanding from 2.1% to 4.1%. We remain focused on sustaining margin expansion and profitable growth through the year.”
During the quarter, India Ratings revised the Company’s credit outlook from Ind AA/Stable to Ind AA/Positive, reflecting continued improvement in the Company’s financial profile.
Below is the summary of the business and financial performance of the two operating segments along with the consolidated financial performance:
Integrated Supply Chain Solutions (ISCS):
| ISCS (Amount in ₹ Cr.) | Q1 FY27 | Q4 FY26 | Q1 FY26 | QoQ Growth | YoY Growth |
| Revenue from operations | 2,417.2 | 2,283. 4 | 1,982.9 | 5.9% | 21.9% |
| Adj. EBITDA | 196.3 | 212.8 | 164.1 | -7.8% | 19.6% |
| Adj. EBITDA margin % | 8.1% | 9.32% | 8.3% | — | — |
Global Forwarding Solutions (GFS):
| GFS (Amount in ₹ Cr.) | Q1 FY27 | Q4 FY26 | Q1 FY26 | QoQ Growth | YoY Growth |
| Revenue from operations | 918.0 | 748.7 | 609.4 | 22.6% | 50.6% |
| Adjusted EBITDA | 37.9 | 18.2 | 12.8 | 107.2% | 195.5% |
| GFS – Adj. EBITDA margin % | 4.1% | 2.4% | 2.1% | — | — |
Summary of consolidated financial performance:
| Amount in ₹Cr | Q1 FY27 | Q4 FY26 | Q1 FY26 | QoQ Growth | YoY Growth |
| Revenue from operations | 3,335.2 | 3,032.2 | 2,592.3 | 10.0% | 28.7% |
| Adjusted EBITDA (adjustment for redundancy cost) | 232.2 | 222.01 | 173.3 | 4.6% | 34% |
| Adj. EBITDA margin % | 7.0% | 7.32% | 6.7% | — | — |
| Adj. PBT (adjustment for redundancy cost & Invit Gain) | 32.1 | 30.9 | 18.8 | 3.9% | 70.7% |
| PBT as reported | 32.1 | 25.7 | 103.4 | 24.9% | -68.9% |
| PAT as reported | 22.5 | 18.4 | 71.1 | 22.4% | -68.4% |
| PAT margin % | 0.7% | 0.6% | 0.7% | — | — |
| PAT excluding InVIT gain | 22.5 | 23.6 | 8.8 | -4.7% | 155.6% |
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