TVS Supply Chain Solutions Limited (NSE: TVSSCS, BSE: 543965), a leading global supply chain solutions provider, announced its financial results for the second quarter and first half of fiscal year 2026 on November 13, 2025.

Key Highlights

• Consolidated revenue for Q2 FY26 increased by 6% year-on-year to ₹2,662.63 crore
• Net profit jumped 54% to ₹16.31 crore in Q2 FY26 compared to ₹10.61 crore in Q2 FY25
• Profit before tax (PBT) grew 31% to ₹23.32 crore in Q2 FY26
• Integrated Supply Chain Solutions (ISCS) segment revenue rose 8.4% year-on-year to ₹1,993.01 crore
• Global Forwarding Solutions (GFS) segment revenue declined slightly by 0.7% to ₹669.62 crore

Financial Performance

TVS Supply Chain Solutions demonstrated strong growth in its Q2 FY26 results, with consolidated revenue reaching ₹2,662.63 crore, up 6% from ₹2,512.88 crore in the same quarter last year. The company's net profit saw a significant increase of 54%, rising to ₹16.31 crore from ₹10.61 crore in Q2 FY25.

Profit before tax (PBT) for the quarter stood at ₹23.32 crore, marking a 31% year-on-year growth. The company's adjusted EBITDA for Q2 FY26 was ₹177.40 crore, showing a marginal increase from ₹176.07 crore in Q2 FY25.

Segment Performance

Integrated Supply Chain Solutions (ISCS)

The ISCS segment continued to be the primary growth driver, with revenue increasing by 8.4% year-on-year to ₹1,993.01 crore in Q2 FY26. The segment's adjusted EBITDA grew by 16.3% to ₹173.83 crore, with the EBITDA margin expanding to 8.72% from 8.13% in the same quarter last year.

Global Forwarding Solutions (GFS)

The GFS segment faced challenges, with revenue slightly decreasing by 0.7% to ₹669.62 crore. The segment's adjusted EBITDA declined by 51.8% to ₹13.59 crore, with the EBITDA margin contracting to 2.03% from 4.18% in Q2 FY25.

Management Commentary

Ravi Viswanathan, Managing Director of TVS Supply Chain Solutions Ltd., commented on the results: "This has been a stellar quarter for us. The strong uptick in profitability reflects the strength of our strategy and our ability to navigate challenges in the GFS segment while driving solid performance in the ISCS segment. By maintaining discipline on costs and focusing deeply on efficiency and customer outcomes, we have not only delivered exceptional financial results but also strengthened the foundation for sustained growth ahead."

He further added, "Our growth trajectory remains robust. The business pipeline has expanded to over ₹6,200 crore, and we secured ₹204 crore in new business this quarter. This momentum underscores the confidence our customers place in us and reaffirms the strength of our capabilities across the value chain."

Outlook

TVS Supply Chain Solutions remains focused on sustaining ISCS momentum, improving GFS profitability, and converting its strong pipeline into consistent, high-quality growth. The company's management expressed confidence in delivering on their medium-term goal of 4% PBT by Q4 FY27.

With a continued emphasis on execution discipline and cost management, TVS Supply Chain Solutions aims to build a stronger, performance-driven organization in the coming quarters.

TVS Supply Chain Solutions Limited , a leading global supply chain solutions provider, reported a 54% year-on-year increase in net profit to ₹16.31 crore for the quarter ended September 30, 2025 (Q2 FY26), driven by strong operational execution and improved cost efficiencies.

Key Highlights

• Consolidated revenue grew 6% year-on-year to ₹2,662.63 crore in Q2 FY26
• Adjusted EBITDA rose 1% to ₹178.00 crore
• Profit before tax (PBT) increased 31% to ₹23.32 crore
• Integrated Supply Chain Solutions (ISCS) segment revenue up 8.4% to ₹1,993.00 crore
• Global Forwarding Solutions (GFS) segment revenue down 0.7% to ₹670.00 crore

The company's ISCS segment continued its strong performance with 8.4% year-on-year revenue growth and margin expansion to 8.7% in Q2 FY26 from 8.1% in Q2 FY25. This was driven by operational excellence initiatives and strategic cost management.

The GFS segment faced challenges from subdued freight rates, with revenue declining marginally by 0.7% year-on-year. However, the company reported early signs of recovery with sequential improvement in GFS revenue and profitability.

Financial Performance Table

Commenting on the results, Ravi Viswanathan, Managing Director, said: "This has been a stellar quarter for us. The strong uptick in profitability reflects the strength of our strategy and our ability to navigate challenges in the GFS segment while driving solid performance in the ISCS segment. By maintaining discipline on costs and focusing deeply on efficiency and customer outcomes, we have not only delivered exceptional financial results but also strengthened the foundation for sustained growth ahead."

The company reported a robust business pipeline of over ₹6,200.00 crore and secured new business wins worth ₹204.00 crore in Q2, equivalent to 8.1% of Q2 FY25 revenue. This underscores continued customer confidence and reaffirms the strength of TVS SCS's capabilities across the value chain.

R Vaidhyanathan, Global CFO, highlighted improved cash flow generation, with cash flow from operations at ₹105.00 crore in H1 FY26. He stated that strategic cost initiatives are progressing well across regions, supporting margin stability.

Looking ahead, TVS Supply Chain Solutions remains focused on sustaining ISCS momentum, improving GFS profitability, and converting its strong pipeline into consistent growth. The company maintains its medium-term goal of achieving 4% PBT margin by Q4 FY27.

(This article is based on the company's official financial results and statements. Investors are advised to conduct their own research before making investment decisions.)