TVS Supply Chain Solutions Limited, a leading global supply chain solutions provider and one of India’s largest and fastest growing integrated supply chain solutions providers, today announced its consolidated unaudited financial results for the quarter ended 30th September 2025 and first half of FY 2026.
The company reported a net profit (PAT) of ₹16.31 crore for Q2 FY26, compared to ₹10.61 crore in Q2 FY25, reflecting a 54% year-on-year increase. The improvement in profitability was driven by strong operational execution, improved cost efficiencies, and sustained business momentum across key verticals. PBT for Q2 stood at ₹23.32 Cr as compared to ₹17.83 Cr, a growth of 31%.
For the first half of FY26, PAT stood at ₹87.47 crore, up from ₹18.08 crore in H1 FY25. Consolidated revenue for Q2 FY26 rose 6% year-on-year to ₹2,662.63 crore, compared to ₹2,512.88 crore in Q2 FY25.
Commenting on the Q2 FY26 results performance, Ravi Viswanathan, Managing Director, TVS Supply Chain Solutions Ltd. said, “This has been a stellar quarter for us. The strong uptick in profitability reflects the strength of our strategy and our ability to navigate challenges in the GFS segment while driving solid performance in the ISCS segment. By maintaining discipline on costs and focusing deeply on efficiency and customer outcomes, we have not only delivered exceptional financial results but also strengthened the foundation for sustained growth ahead.”
He further stated, “Our growth trajectory remains robust. The business pipeline has expanded to over ₹6,200 Cr, and we secured ₹204 Cr in new business this quarter. This momentum underscores the confidence our customers place in us and reaffirms the strength of our capabilities across the value chain. We are well positioned to build on this success in the coming quarters.”
Global Chief Financial Officer, R Vaidhyanathan, TVS Supply Chain Solutions Ltd. said, “We delivered our second consecutive quarter of PAT despite macro headwinds in the GFS segment. Our strategic cost take-out initiatives across regions are progressing well as planned and continue to support margin stability. A key highlight of the quarter was the sharp improvement in cash flow generation. Cash flow from operations stood at ₹105 crore in H1 FY26, highlighting disciplined working capital management and stronger operating performance. We continue to strengthen our financial foundation through improved cash discipline and a leaner cost structure to achieve our medium-term goal of 4% PBT.”
The summary of business and financial performance of the two operating segments viz., Integrated Supply Chain Solutions segment (‘ISCS’) and Global Forwarding Solutions (‘GFS’) are provided along with the summary of the consolidated financial performance:
Integrated Supply Chain Solutions (‘ISCS’):
| Integrated Supply Chain Solutions (“ISCS”) (Amount in ₹Cr.) | Q2 FY26 | Q1 FY26 | Q2 FY25 | Q-o-Q Growth | Y-o-Y Growth | H1 FY26 | H1 FY25 | Y-o-Y Growth |
| ISCS- Segment Revenue | 1993.01 | 1982.90 | 1838.45 | 0.51% | 8.41% | 3975.90 | 3744.06 | 6.19% |
| ISCS- Adjusted EBITDA | 173.83 | 164.11 | 149.43 | 5.92% | 16.33% | 337.94 | 318.18 | 6.21% |
| ISCS- Adj. EBITDA margin % | 8.72% | 8.28% | 8.13% | — | — | 8.50% | 8.50% | — |
Global Forwarding Solutions (‘GFS’):
| Global Forwarding Solutions (‘GFS’) (Amount In ₹ Cr.) | Q2 FY26 | Q1 FY26 | Q2 FY25 | Q-o-Q Growth | Y-o-Y Growth | H1 FY26 | H1 FY25 | Y-o-Y Growth |
| GFS -Segment Revenue | 669.62 | 609.41 | 674.43 | 9.88% | (0.71%) | 1279.03 | 1308.21 | (2.23%) |
| GFS – Adjusted EBITDA | 13.59 | 11.55 | 28.18 | 17.63% | (51.80%) | 25.14 | 49.23 | (48.93%) |
| GFS – Adj. EBITDA margin % | 2.03% | 1.90% | 4.18% | 1.97% | 3.76% |
Summary of Consolidated Financial Performance:
| In ₹Cr | Q2 FY26 | Q1 FY26 | Q2 FY25 | Q-o-Q Growth | Y-o-Y Growth | H1 FY26 | H1 FY25 | Y-o-Y Growth |
| Revenue from operations | 2662.63 | 2592.31 | 2512.88 | 2.71% | 5.96% | 5254.94 | 5052.27 | 4.01% |
| Adjusted EBITDA | 177.40 | 172.01 | 176.07 | 3.13% | 0.76% | 349.41 | 360.58 | (3.10%) |
| Adj. EBITDA margin % | 6.66% | 6.64% | 7.01% | — | — | 6.65% | 7.14% | — |
| PBT before exceptional items, share of profit | 22.42 | 17.53 | 17.19 | 27.86% | 30.42% | 39.95 | 29.95 | 33.41% |
| PBT as reported | 23.32 | 103.47 | 17.83 | (77.46%) | 30.80% | 126.79 | 31.59 | 301.30% |
| PAT as reported | 16.31 | 71.16 | 10.61 | (77.08%) | 53.75% | 87.47 | 18.08 | 383.73% |
| PAT margin % | 0.61% | 2.75% | 0.42% | — | — | 1.66% | 0.36% | — |
