TVS Supply Chain Solutions posts consolidated Q2 net profit of ₹11 crore

TVS Supply Chain Solutions Ltd. (TVS SCS) reported a consolidated net profit of ₹11 crore for the September quarter, recovering from a net loss of ₹22 crore in the same period last year. Revenue from operations increased by 11% to ₹2,512 crore, while total expenditure also rose by 11% to ₹2,524 crore, according to a regulatory filing by the global supply chain solutions provider.

The company operates through two segments: Integrated Supply Chain Solutions (ISCS) and Network Solutions (NS). Revenue from the ISCS segment grew by 6% to ₹1,349 crore, while the NS segment saw a 17% increase to ₹1,164 crore. Notably, the NS segment has experienced sequential revenue growth for four consecutive quarters since Q3.

"New business wins contributed ₹280 crore in revenue for the quarter. Our global account management strategy has enabled us to secure significant deals, instilling confidence in our ability to maintain growth momentum. Overall, these results demonstrate our resilience in navigating a complex environment, and we remain optimistic about achieving profitable growth in the upcoming quarters," stated Managing Director Ravi Viswanathan.

"Our Q2 results highlight sustained revenue growth and ongoing improvements in profitability, driven by our focus on operational efficiency and cost management," added Global CFO Ravi Prakash Bhagavathula.