TVS Supply Chain Solutions announced robust unaudited consolidated results for Q3 FY26 (quarter ended December 31, 2025). Revenue grew 11.1% YoY to ₹2,715.81 crore. A major highlight was the 32.5% YoY jump in Adjusted EBITDA to ₹199.31 crore, with margins expanding to 7.34%. The company also secured a robust order pipeline totaling ₹6,300 crore, driven by strong momentum in the Indian market.
TVS SCS Posts Strong Q3 FY26 Financial Performance
TVS Supply Chain Solutions Limited today released its consolidated unaudited financial results for the quarter ended December 31, 2025 (Q3 FY26), highlighting significant growth in revenue, margin expansion, and profitability improvement.
Q3 FY26 Consolidated Highlights (vs. Q3 FY25)
- Revenue from operations rose 11.1% YoY to ₹2,715.81 crore (compared to ₹2,444.62 crore).
- Adjusted EBITDA saw a substantial increase of 32.5% YoY, reaching ₹199.31 crore (from ₹150.38 crore).
- Adjusted EBITDA margin expanded by 120 basis points to 7.34% (from 6.15% in the previous year).
- Operational Profit Before Tax (PBT) turned positive at ₹25.13 crore, significantly recovering from a loss of (₹15.19 crore) YoY.
- Reported Profit After Tax (PAT) stood at ₹11.19 crore, compared to a loss of (₹23.80 crore) YoY.
The company noted that the growth was supported by strength in the Integrated Supply Chain Solutions (ISCS) segment and a significant volume recovery in the Global Forwarding Solutions (GFS) segment.
Segment Performance Deep Dive
Integrated Supply Chain Solutions (‘ISCS’)
The ISCS segment continued to anchor performance. Q3 FY26 revenue was ₹1,979.52 crore, an 8.32% YoY increase. Adjusted EBITDA for the segment grew 24.64% YoY to ₹182.89 crore, with margins expanding to 9.24%, driven by productivity gains and higher value-added services.
Global Forwarding Solutions (‘GFS’)
GFS delivered a strong sequential recovery. Q3 FY26 revenue rose 9.95% QoQ and 19.30% YoY to ₹736.28 crore. Adjusted EBITDA for GFS improved 27.01% QoQ to ₹17.26 crore, as cost actions began showing benefits despite challenging macro conditions.
Outlook and Commentary
Ravi Viswanathan, Managing Director, stated that Q3 marked a “significant milestone” driven by strong business growth in India, enhanced EBITDA performance, and a sharp focus on efficiency. Furthermore, the company reported a robust order pipeline of ₹6,300 crore and secured ₹319 crore in revenue from new business wins during the quarter.
For the nine months ended FY26, consolidated revenue increased 6.32% YoY to ₹7,970.75 crore, with Adjusted EBITDA rising 7.39% to ₹548.72 crore.
Source: BSE
