TVS Supply Chain Solutions Limited (TVS SCS) reported strong financial performance for the first quarter of FY27, with consolidated revenue rising 28.7% year-on-year to ₹3,335.2 crore from ₹2,592.3 crore in Q1 FY26. Adjusted EBITDA increased 34% to ₹232.2 crore from ₹173.3 crore, while adjusted profit before tax (PBT) rose 70.7% to ₹32.1 crore from ₹18.8 crore in the year-ago quarter. The company said growth was supported by higher volumes, strong business wins, improved margins in its Global Forwarding Solutions (GFS) segment and continued momentum in Integrated Supply Chain Solutions (ISCS).
Revenue from the company’s India operations increased 43.9% year-on-year to ₹997.7 crore from ₹693.6 crore. The ISCS segment recorded 21.9% revenue growth, while GFS revenue increased 50.6%, supported by higher freight volumes. TVS SCS secured its highest-ever quarterly new business wins of ₹543 crore during the quarter. The company said its order pipeline stood at more than ₹7,500 crore, providing visibility for future growth.
Reported profit after tax (PAT) stood at ₹22.5 crore compared with ₹71.1 crore in Q1 FY26. However, the previous year’s PAT included a one-time gain related to an InVIT transaction. Excluding this gain, operational PAT in Q1 FY26 was ₹8.8 crore, resulting in an underlying PAT growth of about 156% in Q1 FY27.
Vikas Chadha, Managing Director, TVS Supply Chain Solutions, said the company had made a strong start to FY27, supported by growth across its key businesses. He said the record quarterly business wins and order pipeline, together with the company’s execution capabilities, provide a strong base for achieving mid-teen growth during FY27.
RVaidhyanathan, Global Chief Financial Officer, TVS Supply Chain Solutions, said the improvement in adjusted EBITDA and PBT reflected operating leverage and disciplined cost management. He added that the GFS segment recorded a significant improvement in profitability, with EBITDA margin increasing to 4.1% from 2.1% in Q1 FY26. During the quarter, India Ratings revised the company’s credit outlook from Ind AA/Stable to Ind AA/Positive, citing improvement in its financial profile.
TVS Supply Chain Solutions is a multinational supply chain solutions provider with operations in 26 countries and more than 16,500 employees. The company serves customers across automotive, industrial, consumer, technology, rail, utilities and healthcare sectors, including 100 Fortune Global 500 companies.
