TVS Supply Chain Solutions posts Rs 10.6 crore PAT in September quarter

Ravi Viswanathan, managing director, TVS SCS, said that the Q2 results demonstrate our ability to sustain growth momentum in both revenue and profit amid ongoing macroeconomic challenges

TVS Supply Chain Solutions (TVS SCS), one of the largest and fastest-growing integrated supply chain solutions providers in India, posted a net profit of Rs 10.6 crore during the second quarter of 2024-25, compared to a net loss of Rs 21.9 crore during the July to September quarter of FY24.

 

The consolidated revenue for Q2 FY25 grew by 11 per cent to Rs 2,512.9 crore as against Rs 2,262.9 crore in Q2 FY24.

 

In the Integrated Supply Chain Solutions (ISCS) segment, the company's second-quarter revenue grew by 6.2 per cent year-on-year (Y-o-Y) to Rs 1,348.5 crore, as against Rs 1,269.5 crore last year. The ISCS segment registered a margin expansion of 90 basis points (bps) Y-o-Y due to continued focus on operational efficiency and a disciplined approach to cost management.

 

 

The segment reflects deepening engagement with existing customers and revenues from new customer acquisitions across key geographies. During the quarter, TVS SCS secured a significant new contract with a large industrial customer in North America, a multi-year transformational engagement with a total contract value exceeding Rs 2,200 crore.

 

Its Network Solutions (NS) segment reported revenue of Rs 1,164.4 crore in Q2, compared to Rs 993.4 crore in the same quarter of the previous year, marking 17.2 per cent Y-o-Y growth. The segment has shown sequential revenue growth for four consecutive quarters since Q3 FY24.

 

Ravi Viswanathan, managing director, TVS SCS, said, “The Q2 results demonstrate our ability to sustain growth momentum in both revenue and profit amid ongoing macroeconomic challenges. New business wins have added Rs 280 crore of revenue for the quarter. Our global account management strategy has helped us close large deals, giving us confidence in sustaining the growth momentum. Overall, the results reflect our resilience in navigating a complex environment, and we remain confident about our profitable growth in the coming quarters.”

 

Ravi Prakash Bhagavathula, global chief financial officer of the company, said, “Our Q2 results reflect sustained revenue growth, along with continued improvement in profitability driven by our focus on operational efficiency and cost management. Our ability to fund growth through internal resources has enabled us to effectively manage borrowings, driving profit before tax (PBT).”