TVS Supply Chain Solutions has reported a strong turnaround for FY26, with consolidated revenue reaching ₹11,003 crores, a 10.1% increase year-on-year. The company achieved an adjusted profit before tax of ₹99.3 crores, a significant rise from ₹37.3 crores in FY25. This growth was broad-based across regions, with strong performance in the ISCS and GFS segments, driven by new business wins and cost initiatives.
TVS Supply Chain Solutions Reports Strong FY26 Performance
TVS Supply Chain Solutions Limited announced a robust turnaround for the fiscal year ended March 31, 2026 (FY26). The company reported consolidated revenue of ₹11,003 crores, marking a healthy 10.1% growth compared to the previous fiscal year. This achievement was bolstered by an adjusted profit before tax of ₹99.3 crores, a substantial improvement from ₹37.3 crores in FY25, showcasing enhanced profitability and operating leverage.
Segmental Growth and Strategic Initiatives
The growth in FY26 was characterized by diversification across regions and strong performance in both key business segments: Integrated Supply Chain Solutions (ISCS) and Global Forwarding Solutions (GFS).
ISCS Segment Performance
The ISCS segment saw revenue from operations grow by 9.6% year-on-year. Notably, India demonstrated strong growth, while Europe experienced a turnaround, aided by new business wins and disciplined cost management. North America also contributed to the top line with a significant new project launched in the latter half of the year.
GFS Segment Performance
The GFS segment recorded an 11.4% revenue growth year-on-year. This growth was primarily driven by increased volumes in India, despite ongoing pressure on global freight rates. Cost optimization efforts and volume expansion in India helped mitigate the impact of geopolitical situations.
Quarterly Highlights (Q4 FY26)
In the fourth quarter of FY26 (Q4 FY26), consolidated revenue surged to ₹3,032.2 crores, representing a 21.3% year-on-year growth and an 11.7% sequential increase. This quarter marked a significant milestone as it was the first time the company crossed ₹3,000 crores in quarterly revenue.
ISCS and GFS Q4 Performance
The ISCS segment delivered strong year-on-year growth in Q4 FY26, with revenue at ₹2,283 crores, a 17.5% increase compared to Q4 FY25. Sequentially, it grew by 15.4%. The GFS segment clocked a revenue of ₹748.8 crores in Q4 FY26, a significant 34.8% year-on-year growth, largely propelled by the rise in ocean freight volumes in India.
Profitability and Margin Improvement
Adjusted EBITDA for Q4 FY26 grew by 37.5% year-on-year, with margins expanding by 80 basis points to 7.3%. For the full year, adjusted EBITDA stood at ₹773 crores, an increase of 14.5% over FY25. ISCS reported an adjusted EBITDA of ₹212.8 crores in Q4 FY26 with a 9.3% margin, while GFS delivered an improved performance with adjusted EBITDA of ₹18.3 crores, a 2.4% margin.
Strategic Developments and Future Outlook
TVS Supply Chain Solutions has been actively pursuing strategic initiatives, including the acquisition of Swamy & Sons 3PL, which strengthens its presence in the FMCG sector in India and is expected to be margin-accretive in FY27. The company continues to invest in technology, evidenced by the patent application for its unified logistics platform. Looking ahead, TVS SCS remains focused on profitable growth, deepening customer relationships, and exploring new segments such as aerospace and defense, aiming for sustained value creation.
The company anticipates continued growth in FY27, with a focus on enhancing market position, operational resilience, and customer relationships, despite anticipating macroeconomic challenges and structural shifts in the global supply chain.
Source: BSE
