Key Financial Performance - Q2 FY27

Consolidated Results:

  • Revenue from operations: ₹3,687.2 crore, up 38.5% YoY from ₹2,662.6 crore in Q2 FY26
  • EBITDA: ₹268.1 crore, up 50.2% YoY from ₹178.5 crore
  • EBITDA margin: 7.3%, expanded by 60 bps from 6.7% in Q2 FY26
  • Profit before tax (PBT): ₹50.6 crore, up 107.6% YoY from ₹24.4 crore
  • Profit after tax (PAT): ₹36.5 crore, up 123.9% YoY from ₹16.3 crore
  • PAT margin: 1.0% compared to 0.6% in Q2 FY26

Segment Performance - Q2 FY27

Integrated Supply Chain Solutions (ISCS):

  • Revenue: ₹2,487.9 crore, up 24.8% YoY
  • EBITDA: ₹228.1 crore, up 31.2% YoY
  • EBITDA margin: 9.2%, expanded by 50 bps from 8.7% in Q2 FY26

Global Forwarding Solutions (GFS):

  • Revenue: ₹1,199.3 crore, up 79.1% YoY
  • EBITDA: ₹46.7 crore, up 218.9% YoY
  • EBITDA margin: 3.9%, expanded by 170 bps from 2.2% in Q2 FY26

First Half FY27 Performance (H1 FY27)

Consolidated Results:

  • Revenue from operations: ₹7,022.4 crore, up 33.6% YoY from ₹5,254.9 crore
  • EBITDA: ₹500.3 crore, up 42.2% YoY from ₹351.8 crore
  • EBITDA margin: 7.1% compared to 6.7% in H1 FY26
  • PBT: ₹82.7 crore, up 91.4% YoY from ₹43.2 crore
  • PAT: ₹59.0 crore, up 134.7% YoY from ₹25.1 crore
  • PAT margin: 0.8% compared to 0.5% in H1 FY26

Geographic Performance - Q2 FY27

  • India Geography business revenue: ₹1,177.4 crore, up 64.1% YoY from ₹717.4 crore
  • Rest of the World revenue: grew 29% YoY

Business Metrics

  • Order Pipeline: ₹8,200 crore for the quarter
  • New business revenue: ₹523 crore for the quarter

Management Commentary

Mr. Vikas Chadha, Managing Director:

Attributed strong performance to growth and optimization initiatives over past quarters. Highlighted broad-based revenue growth across all regions and segments driven by strong momentum in both new and existing accounts. Noted achievement of surpassing ₹500 crore in quarterly new business revenue for three consecutive quarters. Mentioned the 'TVS SCS Framework' with four core pillars: business development, operational rigour, technology innovation and customer satisfaction. Targeting over 20% revenue growth across both segments with goal to double profits in FY27.

Mr. R. Vaidhyanathan, Global Chief Financial Officer:

Emphasized improvement in quality of earnings with consistent execution and tighter cost control across regions. Cited procurement efficiency as driver for margin expansion. Expressed confidence in accelerating profitable growth and strengthening long-term business fundamentals.

Company Background

TVS Supply Chain Solutions Limited is promoted by the erstwhile TVS Group and now part of TVS Mobility Group. The company operates in 26 countries with over 16,500 employees and serves 100 Fortune Global 500 customers across automotive, industrial, consumer, tech and tech infra, rail and utilities, and healthcare industries.