TVS Supply Chain Solutions Limited announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27), pursuant to Regulation 30 of SEBI Listing Regulations.

Financial Performance Highlights

Consolidated Results:

  • Revenue from operations: ₹3,335.2 Cr in Q1 FY27 vs ₹2,592.3 Cr in Q1 FY26 (28.7% YoY growth) and ₹3,032.2 Cr in Q4 FY26 (10.0% QoQ growth)
  • Adjusted EBITDA (adjustment for redundancy cost): ₹232.2 Cr in Q1 FY27 vs ₹173.3 Cr in Q1 FY26 (34% YoY growth) and ₹222.01 Cr in Q4 FY26 (4.6% QoQ growth)
  • Adjusted EBITDA margin: 7.0% in Q1 FY27 vs 6.7% in Q1 FY26 and 7.32% in Q4 FY26
  • Adjusted PBT (adjustment for redundancy cost & InVIT gain): ₹32.1 Cr in Q1 FY27 vs ₹18.8 Cr in Q1 FY26 (70.7% YoY growth) and ₹30.9 Cr in Q4 FY26 (3.9% QoQ growth)
  • PBT as reported: ₹32.1 Cr in Q1 FY27 vs ₹103.4 Cr in Q1 FY26 (-68.9% YoY) and ₹25.7 Cr in Q4 FY26 (24.9% QoQ growth)
  • PAT as reported: ₹22.5 Cr in Q1 FY27 vs ₹71.1 Cr in Q1 FY26 (-68.4% YoY) and ₹18.4 Cr in Q4 FY26 (22.4% QoQ growth)
  • PAT margin: 0.7% in Q1 FY27 vs 0.7% in Q1 FY26 and 0.6% in Q4 FY26
  • PAT excluding InVIT gain: ₹22.5 Cr in Q1 FY27 vs ₹8.8 Cr in Q1 FY26 (155.6% underlying growth) and ₹23.6 Cr in Q4 FY26 (-4.7% QoQ)

Segment Performance:

Integrated Supply Chain Solutions (ISCS):

  • Revenue grew 21.9% YoY (specific figures not provided in disclosure)

Global Forwarding Solutions (GFS):

  • Revenue: ₹918.0 Cr in Q1 FY27 vs ₹609.4 Cr in Q1 FY26 (50.6% YoY growth) and ₹748.7 Cr in Q4 FY26 (22.6% QoQ growth)
  • Adjusted EBITDA: ₹37.9 Cr in Q1 FY27 vs ₹12.8 Cr in Q1 FY26 (195.5% YoY growth) and ₹18.2 Cr in Q4 FY26 (107.2% QoQ growth)
  • GFS Adjusted EBITDA margin: 4.1% in Q1 FY27 vs 2.1% in Q1 FY26 and 2.4% in Q4 FY26

Geographical Performance:

  • India geography revenue: ₹997.7 Cr in Q1 FY27 vs ₹693.6 Cr in Q1 FY26 (43.9% YoY growth)

Operational Highlights

  • Achieved highest-ever quarterly business wins of ₹543 Cr
  • Order pipeline stands at over ₹7,500 Cr
  • Company operates in 26 countries with over 16,500 employees
  • Serves 100 Fortune Global 500 customers

Management Commentary

Vikas Chadha, Managing Director: "We have made a strong start to FY27, building on the momentum of our FY26 performance and delivering robust growth across all our key operating metrics. The performance reflects sustained momentum in our ISCS business, significantly higher freight volumes and improved profitability in the GFS segment driven by disciplined execution across operations. The quarter also marked our highest-ever quarterly new business wins of ₹543 crore, while our order pipeline of over ₹7,500 crore provides strong visibility for future growth. Combined with our proven execution capabilities, these strengths reinforce our ability to deliver mid-teen growth in FY27."

R Vaidhyanathan, Global Chief Financial Officer: "Our Q1 performance demonstrates the continued improvement in the quality of our earnings. Adjusted EBITDA grew 34% while Adjusted PBT increased 71%, reflecting operating leverage and disciplined cost management. The ISCS business maintained healthy margins, while the GFS segment delivered a significant improvement in profitability, with EBITDA margins expanding from 2.1% to 4.1%. We remain focused on sustaining margin expansion and profitable growth through the year."

Credit Rating Update

During the quarter, India Ratings revised the Company's credit outlook from Ind AA/Stable to Ind AA/Positive, reflecting continued improvement in the Company's financial profile.

Business Overview

TVS Supply Chain Solutions Limited is promoted by the erstwhile TVS Group and now part of TVS Mobility Group. The company operates across multiple industries including automotive, industrial, consumer, tech and tech infra, rail and utilities, and healthcare.