TVS Supply Chain Solutions Ltd
NSE:TVSSCS
TVS Supply Chain Solutions Ltd
TVS Supply Chain Solutions Ltd is a IN-based company operating in Air Freight & Logistics industry. The company is headquartered in Chennai, Tamil Nadu and currently employs 17,913 full-time employees. The company went IPO on 2023-08-23. TVS Supply Chain Solutions Limited is a supply chain logistics solution provider. The Company’s segments include Integrated Supply Chain Solutions (ISCS) and Network Solutions (NS). Its capabilities under the ISCS segment include sourcing and procurement, integrated transportation, logistics operation centers, in-plant logistics operations, finished goods, aftermarket fulfillment and supply chain consulting. Its capabilities under the NS segment include global forwarding solutions (GFS), which involves managing end-to-end freight forwarding and distribution across ocean, air and land, warehousing and at port storage and value-added services, and time critical final mile solutions (TCFMS), which involves closed loop logistics and support including spares logistics, break-fix, refurbishment and engineering support, and courier and consignment management. Its customers span across numerous industries, such as automotive, industrial, rail and utilities, and healthcare, among others.
TVS Supply Chain Solutions Ltd is a IN-based company operating in Air Freight & Logistics industry. The company is headquartered in Chennai, Tamil Nadu and currently employs 17,913 full-time employees. The company went IPO on 2023-08-23. TVS Supply Chain Solutions Limited is a supply chain logistics solution provider. The Company’s segments include Integrated Supply Chain Solutions (ISCS) and Network Solutions (NS). Its capabilities under the ISCS segment include sourcing and procurement, integrated transportation, logistics operation centers, in-plant logistics operations, finished goods, aftermarket fulfillment and supply chain consulting. Its capabilities under the NS segment include global forwarding solutions (GFS), which involves managing end-to-end freight forwarding and distribution across ocean, air and land, warehousing and at port storage and value-added services, and time critical final mile solutions (TCFMS), which involves closed loop logistics and support including spares logistics, break-fix, refurbishment and engineering support, and courier and consignment management. Its customers span across numerous industries, such as automotive, industrial, rail and utilities, and healthcare, among others.
Revenue Growth: TVS Supply Chain Solutions delivered double-digit consolidated revenue growth of 11.1% year-on-year in Q3, with strong contributions from both India and Europe.
Profitability Turnaround: Adjusted EBITDA grew by 31.2% year-on-year, with margins expanding 110 basis points to 7.3%. Profit before tax improved from a loss last year to a profit of INR 25 crores.
India Strength: India operations led the growth, with revenue in India up 11.8% year-on-year and 5.5% sequentially, reflecting strong execution and new business wins.
Project One Impact: Ongoing cost initiatives, particularly Project One in Europe, are supporting margin recovery and expected to deliver INR 110–120 crores in annualized savings.
GFS Recovery: Global Forwarding Solutions (GFS) showed a strong rebound in India volumes, with overall GFS revenue up 19.3% year-on-year, though freight rates remain under pressure.
Strategic Acquisition: Announced acquisition of Swamy & Sons to strengthen presence in India's FMCG supply chain, with the deal expected to be margin accretive and funded internally.
Disciplined Cost Control: Continued focus on cost takeouts, rightsizing, and business mix improvements across regions.
