Board Meeting Details

The Board of Directors meeting was held on November 13, 2026, commencing at 05:00 PM IST and concluding at 07:00 PM IST.

Key Board Approvals

1. Appointment of Internal Auditor

  • Entity Appointed: Deloitte Touche Tohmatsu India LLP
  • Appointment Date: November 13, 2026
  • Term: Financial year 2026-27
  • Legal Basis: Section 138 of the Companies Act, 2013
  • Profile: Leading professional services firm in India with global network spanning over 150 countries, providing audit and assurance, taxation, corporate advisory services, and outsourcing services
  • Disclosure: Made under Regulation 30 of SEBI Listing Regulations

2. Approval of Financial Results

  • Period: Quarter and half year ended September 30, 2026
  • Type: Unaudited Standalone and Consolidated Financial Results
  • Review: Limited Review Reports issued by Statutory Auditor S.R. Batliboi & Associates LLP
  • Compliance: Regulations 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Consolidated Financial Performance (Values in ₹ crores)

Quarterly Performance (Q2 FY27)

  • Revenue from operations: ₹3,687.15 (vs ₹2,662.63 in Q2 FY26)
  • Other income: ₹6.29 (vs ₹11.40 in Q2 FY26)
  • Total income: ₹3,693.44 (vs ₹2,674.03 in Q2 FY26)
  • Profit before tax: ₹50.59 (vs ₹23.32 in Q2 FY26)
  • Tax expense: ₹14.08 (vs ₹7.01 in Q2 FY26)
  • Profit for the period: ₹36.51 (vs ₹16.31 in Q2 FY26)
  • Other comprehensive income: ₹22.15 (vs ₹27.14 in Q2 FY26)
  • Total comprehensive income: ₹58.66 (vs ₹43.45 in Q2 FY26)

Half-Yearly Performance (H1 FY27)

  • Revenue from operations: ₹7,022.37 (vs ₹5,254.94 in H1 FY26)
  • Other income: ₹19.90 (vs ₹20.14 in H1 FY26)
  • Total income: ₹7,042.27 (vs ₹5,275.08 in H1 FY26)
  • Profit before tax: ₹82.72 (vs ₹126.79 in H1 FY26)
  • Tax expense: ₹23.73 (vs ₹39.32 in H1 FY26)
  • Profit for the period: ₹58.99 (vs ₹87.47 in H1 FY26)
  • Other comprehensive income: ₹19.61 (vs ₹58.21 in H1 FY26)
  • Total comprehensive income: ₹78.60 (vs ₹145.68 in H1 FY26)

Earnings Per Share (₹)

  • Basic EPS (Q2 FY27): 0.80 (vs 0.35 in Q2 FY26)
  • Diluted EPS (Q2 FY27): 0.80 (vs 0.35 in Q2 FY26)
  • Basic EPS (H1 FY27): 1.27 (vs 1.95 in H1 FY26)
  • Diluted EPS (H1 FY27): 1.27 (vs 1.94 in H1 FY26)

Segment Performance (Q2 FY27)

  • Integrated Supply Chain Solutions Revenue: ₹2,494.06 crores
  • Global Forwarding Solutions Revenue: ₹1,202.37 crores
  • Total Gross Revenue: ₹3,696.43 crores
  • Intersegmental Revenue Elimination: (₹9.28) crores

Standalone Financial Performance (Values in ₹ crores)

Quarterly Performance (Q2 FY27)

  • Revenue from operations: ₹585.64 (vs ₹465.19 in Q2 FY26)
  • Other income: ₹37.79 (vs ₹32.54 in Q2 FY26)
  • Total income: ₹623.43 (vs ₹497.73 in Q2 FY26)
  • Profit before tax: ₹7.64 (vs loss of ₹4.63 in Q2 FY26)
  • Tax expense: ₹1.58 (vs tax credit of ₹1.50 in Q2 FY26)
  • Profit for the period: ₹6.06 (vs loss of ₹3.13 in Q2 FY26)

Half-Yearly Performance (H1 FY27)

  • Revenue from operations: ₹1,172.30 (vs ₹933.15 in H1 FY26)
  • Other income: ₹74.99 (vs ₹63.08 in H1 FY26)
  • Total income: ₹1,247.29 (vs ₹996.23 in H1 FY26)
  • Profit before tax: ₹18.23 (vs ₹0.23 in H1 FY26)
  • Tax expense: ₹4.21 (vs ₹0.06 in H1 FY26)
  • Profit for the period: ₹14.02 (vs ₹0.17 in H1 FY26)

Earnings Per Share (₹)

  • Basic EPS (Q2 FY27): 0.14 (vs loss of 0.07 in Q2 FY26)
  • Diluted EPS (Q2 FY27): 0.14 (vs loss of 0.07 in Q2 FY26)
  • Basic EPS (H1 FY27): 0.32 (vs 0.00 in H1 FY26)
  • Diluted EPS (H1 FY27): 0.32 (vs 0.00 in H1 FY26)

Consolidated Balance Sheet Position (as at September 30, 2026)

  • Total assets: ₹7,868.08 crores (vs ₹7,199.91 crores as at March 31, 2026)
  • Total equity: ₹2,137.03 crores (vs ₹2,062.31 crores as at March 31, 2026)
  • Total liabilities: ₹5,731.05 crores (vs ₹5,137.60 crores as at March 31, 2026)
  • Share capital: ₹44.15 crores (unchanged)

Standalone Balance Sheet Position (as at September 30, 2026)

  • Total assets: ₹3,842.29 crores (vs ₹3,720.08 crores as at March 31, 2026)
  • Total equity: ₹2,676.48 crores (vs ₹2,657.71 crores as at March 31, 2026)
  • Total liabilities: ₹1,165.81 crores (vs ₹1,062.37 crores as at March 31, 2026)
  • Share capital: ₹44.15 crores (unchanged)

Significant Corporate Developments

1. Acquisition of Swamy & Sons 3PL Private Limited

  • Acquirer: Fit 3PL Warehousing Private Limited (wholly owned subsidiary)
  • Acquisition Date: May 22, 2026
  • Stake Acquired: 80% equity stake
  • Enterprise Value: ₹88 crores
  • Consideration Paid: ₹59.56 crores
  • Accounting: Provisional purchase consideration allocation under Ind AS 103

2. Joint Venture with ALA Mena

  • JV Partner: ALA Mena Engines and Machinery Spare Parts Trading DWC-LLC
  • JV Entity: TVS SCS ALA India Private Limited (formerly TVS Packaging Solutions Private Limited)
  • Stakeholding: Company 51%, ALA 49%
  • Investment: ₹10.19 crores infused by company as at September 30, 2026
  • Status: Equity shares were allotted to the Company subsequent to period end

3. Composite Scheme of Amalgamation

  • Status: Approved by NCLT Chennai and Bengaluru Benches
  • Issue: NCLT Bengaluru Bench order dated September 30, 2026 recorded Appointed Date as April 1, 2025 instead of April 1, 2023
  • Action: Company filed application for rectification of Appointed Date
  • Accounting Impact: Scheme not given effect in these financial results pending rectified order

Subsidiary and Joint Venture Structure

The consolidated results include 57 subsidiaries and 1 joint venture (TVS Industrial & Logistics Park Private Limited) with its subsidiaries and associate TVS Infrastructure Trust.

Additional Information

The full document is available on the company website at https://www.tvsscs.com/investor-relations/ and on stock exchange websites www.bseindia.com and www.nseindia.com.