TVS Supply Chain Solutions reports strong Q2, H1 FY'26 results with PBT and PAT growth

TVS Supply Chain Solutions (TVS SCS) announced strong financial results for Q2 and H1 FY'26. Consolidated revenue reached INR2662.6 crores in Q2, a 6% year-on-year increase, with adjusted EBITDA at INR178.4 crores, maintaining a 6.7% margin. PBT improved significantly by 30.8% to INR23.32 crores, and PAT grew by 54% to INR16.31 crores compared to Q2 FY'25.

The integrated supply chain solutions (ISCS) segment was a key driver, expanding its EBITDA margins to 8.7% from 8.2% in Q2 FY'25 due to operational excellence and cost-out programs. In H1 FY'26, consolidated revenue was INR5,254.9 crores, up 4% from H1 FY'25. The company secured new business wins of INR204 crores in Q2 and boasts a healthy order pipeline of INR6,200 crores, with roughly one-third from the India business.

While the global forwarding solutions (GFS) segment faced headwinds, with revenue flat at INR669.6 crores in Q2 FY'26 and margins declining to 2.2%, sequential improvement was observed. TVS SCS aims to achieve 4% PBT by Q4 FY'27, supported by strategic initiatives like "Project One" in the UK and Europe, which is expected to deliver INR110 crores to INR120 crores in annualized savings.