Strong order pipeline of ₹5300 Cr drives outlook for FY26
Mumbai : 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 2025.
The consolidated revenue for the quarter was at ₹2,592.31 Cr, compared to ₹2,539.39 Cr in Q1 FY25, marking a growth of 2.1% on a Y-o-Y basis. The Company reported a net profit of ₹71.16 Cr in Q1 FY26 against ₹7.47 Cr in the same quarter last year. Its adjusted EBITDA, on a sequential basis, was at ₹172.01 Cr in Q1 FY26 as against ₹156.41 Cr in Q4 FY25, a growth of 10.0%. The PBT before exceptional items and share of profit from Joint Venture was reported as ₹17.53 Cr in Q1 FY26 as compared to ₹12.76 Cr in Q1 FY25 marking a growth of 37.4%.
The share of profit from TVS ILP, in which TVS SCS holds 25.2% stake, was ₹177.23 Cr in Q1 FY26. This was subsequent to the transfer of 11 Mn Sq. Ft. of warehouse space as part of its InVIT (Infrastructure Investment Trust) listing.
The company has consolidated its Integrated Final Mile (IFM) business into the Integrated Supply Chain Solutions (ISCS) segment across the UK and Europe to further strengthen its end-to-end solutions offering. This strategic move is aimed at meeting growing customer demand for seamless solutions. The unified structure enhances service delivery, sharpens execution, reduces duplication, and supports margin expansion.
The reporting structure will now comprise of ISCS and GFS segments. Below are the business and financial performance of the two operating segments along with the summary of the consolidated financial performance.
Integrated Supply Chain Solutions (‘ISCS’):
| Integrated Supply Chain Solutions (‘ISCS’) (Amount in ₹ Cr.) | Q1 FY26 | Q4 FY25* | Q1 FY25* | Q-o-Q Growth | Y-o-Y Growth |
| ISCS Revenue | 1,982.90 | 1,943.39 | 1,905.61 | 2.0% | 4.1% |
| ISCS Adjusted EBITDA | 164.11 | 162.43 | 168.75 | 1.0% | -2.7% |
| ISCS Adj. EBITDA margin % | 8.3% | 8.4% | 8.9% | – | – |
* Refers to prior period figures which are restated according to change in segments
Global Forwarding Solutions (‘GFS’):
| Global Forwarding Solutions (‘GFS’) (Amount In ₹ Cr.) | Q1 FY26 | Q4 FY25* | Q1 FY25* | Q-o-Q Growth | Y-o-Y Growth | |
| GFS Revenue | 609.41 | 555.44 | 633.78 | 9.7% | -3.8% | |
| GFS Adjusted EBITDA | 11.55 | 5.97 | 21.05 | 93.4% | -45.1% | |
| GFS Adj. EBITDA margin % | 1.9% | 1.1% | 3.3% | – | – | |
* Refers to prior period figures which are restated according to change in segments
Summary of Consolidated Financial Performance:
| In ₹ Cr | Q1 FY26 | Q4 FY25 | Q1 FY25 | Q-o-Q Growth | Y-o-Y Growth |
| Revenue from operations | 2,592.31 | 2498.83 | 2,539.39 | 3.7% | 2.1% |
| Adjusted EBITDA | 172.01 | 156.41 | 184.51 | 10.0% | -6.8% |
| Adj. EBITDA margin % | 6.6% | 6.3% | 7.3% | – | – |
| Profit before exceptional items, share of profit | 17.53 | 12.03 | 12.76 | 45.7% | 37.4% |
| PBT as reported | 103.47 | 12.96 | 13.76 | 698.4% | 652.0% |
| PAT as reported | 71.16 | -3.92 | 7.47 | – | 852.6% |
| PAT margin % | 2.7% | -0.2% | 0.3% | – | – |
Commenting on the Q1 FY26 results performance, Ravi Viswanathan, Managing Director, TVS Supply Chain Solutions Ltd. said, “We have entered FY26 with a continued focus on performance excellence, customer-centricity, and long-term value creation. The new unified structure in Europe and the UK is driving operational synergies and enhancing service delivery through deeper customer engagement and sharper execution. Combining this with our focused business development efforts, we are confident that this alignment will position us to better meet evolving customer needs and unlock new growth opportunities.”
R Vaidhyanathan, Global Chief Financial Officer,TVS Supply Chain Solutions Ltd. said, “We began FY26 on a steady note, with improved profit delivery and disciplined execution of our transformation initiatives. Our margin improvement reflects operational discipline across key businesses. Our strategic cost take-out initiatives are tracking well across regions. The restructuring program in the UK and Europe is set to drive a step-change in operating leverage and long-term margin trajectory by redefining our cost baseline. We are confident of delivering progressive improvements in margin profile and bottom-line performance through the course of FY26 and beyond.”
Leave a Reply