In Q2 FY25, TVS Supply Chain Solutions recorded a consolidated net profit of Rs 10.61 crore, compared to a net loss of Rs 21.93 crore in Q2 FY24. This resulted in a 1.99% increase to Rs 187.10.

During the quarter, operating revenue rose 11.05% year over year to Rs 2512.88 crore. The pre-tax profit for the quarter was Rs 17.83 crore, whereas the pre-tax loss for the same period previous year was Rs 7.77.

The Integrated Supply Chain Solutions (ISCS) segment's revenue decreased 5.4% to Rs 1348.5 crore in Q2 FY25 from Rs 1269.5 crore in the same quarter the previous year.

Due to a strict approach to cost control and a persistent emphasis on operational efficiency, the ISCS segment saw a 90 basis point year-over-year increase in margin.

The network solutions (NS) segment's revenue increased 4.6% year over year to Rs 1164.4 crore in the quarter.

The business secured a big new contract with a major North American industrial client during the quarter. The entire contract value for this multi-year transformational engagement exceeds Rs 2,200 crore. Its value as a supply chain outsourcing partner and its specific skills in complicated assembly and automation are further reinforced by this long-term transformational partnership.

The Q2 results show that, despite persistent macroeconomic constraints, we can maintain growth momentum in both sales and profit, according to Ravi Viswanathan, managing director of TVS Supply Chain Solutions. Revenue for the quarter has increased by Rs 280 crore due to new business wins. We are certain that we can maintain the growing momentum because of the significant deals we have closed thanks to our global account management strategy. All things considered, the outcomes demonstrate our ability to persevere in a challenging climate, and we are optimistic about our profitable growth in the upcoming quarters.

According to Ravi Prakash Bhagavathula, Global CFO at TVS Supply Chain Solutions, "Our focus on cost control and operational efficiency has led to consistent revenue growth and ongoing profitability improvements in our Q2 results. We have successfully managed the borrowings that drive PBT since we are able to finance growth with internal resources."

An international corporation with headquarters in India, TVS Supply Chain Solutions was a pioneer in the growth of the supply chain solutions industry in that country. Customers of the company come from a wide range of industries, including healthcare, rail and utilities, tech and tech infra, automotive, industrial, and consumer.