TVS Supply Chain Solutions reported a 21.3% year-on-year increase in consolidated revenue to ₹3,032.2 crores for the quarter ended March 31, 2026, driven by strong performance in its Integrated Supply Chain Solutions (ISCS) and Global Forwarding Solutions (GFS) segments. The company achieved a record quarterly revenue, crossing the ₹3,000 crore mark for the first time, while adjusted EBITDA grew by 37.5% to ₹222 crores, expanding margins by 80 basis points to 7.3%. For the full fiscal year, revenue stood at ₹11,003 crores, a growth of 10.1%, with adjusted profit before tax surging 166% to ₹99.3 crores.

Financial Performance

The ISCS segment revenue grew 17.5% year-on-year to ₹2,283 crores in Q4FY26, supported by new business wins and improved profitability in Europe and India. The GFS segment revenue increased 34.8% to ₹748.8 crores, led by significant volume growth in ocean freight in India, though freight rates remained under pressure. On a full-year basis, ISCS revenue reached ₹8,238.9 crores, and GFS revenue stood at ₹2,764.1 crores.

Operational Highlights

The company generated operating cash flow of ₹243 crores for FY26, reflecting improved profitability and working capital efficiency. New business wins totaled ₹1,206.7 crores for the year, representing 12.1% of FY25 revenue, with Q4FY26 alone recording wins worth ₹523.7 crores. The order pipeline remains robust at ₹6,100 crores. Management noted that while the ISCS segment is expected to deliver margins between 9.5% and 10%, the overall EBITDA margin outlook for FY27 depends on the trajectory of global freight rates in the GFS segment.

Strategic Developments

TVS Supply Chain Solutions completed the acquisition of Swamy & Sons 3PL in May 2026, strengthening its capabilities in the FMCG and consumption-led supply chain space in India. The company continues to focus on its asset-light model and technology-led solutions, having integrated AI and robotics into operations. The management expressed confidence in sustaining double-digit growth in FY27, driven by a strong pipeline and deepening relationships with Fortune 500 clients, which now total 100 active customers.

TVS Supply Chain Solutions has confirmed full compliance with securities market regulations for the financial year ended March 31, 2026. The company filed its Annual Secretarial Compliance Report on May 28, 2026, following an examination by Mr. K. Venugopalan, a Practicing Company Secretary. The report verifies that the listed entity adhered to the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other relevant circulars and guidelines.

The audit covered the company's compliance with key regulations including the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Mr. Venugopalan reported no deviations or non-compliances during the review period. The report explicitly states that there were no instances of non-compliance requiring disclosure in the specified format, and no actions were taken against the entity or its promoters by SEBI or stock exchanges.

Compliance Status and Governance

The secretarial audit validated the company's adherence to various governance and operational standards. The report confirmed that the company has adopted and updated all applicable policies approved by its board of directors. These policies conform to SEBI regulations and have been reviewed in a timely manner. Additionally, the company maintained a functional website with accurate web-links for documents as required under Regulation 27(2).

The audit also verified that none of the company's directors are disqualified under Section 164 of the Companies Act, 2013. The company successfully conducted performance evaluations for the Board, Independent Directors, and various Committees as prescribed. Furthermore, all Related Party Transactions were entered into only after obtaining prior approval from the Audit Committee.

Key Compliance Indicators

The following table summarizes the compliance status across key regulatory areas examined during the review period:

The report also noted compliance regarding the resignation of statutory auditors, where applicable, and confirmed there were no additional non-compliances observed. The company met the disclosure requirements for Employee Benefit Scheme Documents under Regulation 46(2)(za) of the LODR Regulations. The auditor emphasized that the report is based on an examination of relevant documents and is neither an audit nor an expression of opinion on the financial records.