TVS Supply Chain Solutions Ltd, part of the TVS Mobility Group, announced a consolidated profit after tax of INR 10.6 crore for the July-September 2024 quarter, marking a significant turnaround from the net loss of INR 21.9 crore reported during the same period last year. This positive performance is attributed to new business wins and a strategic focus on operational efficiency and cost management.
The company’s profit after tax for the six-month period ending September 30, 2024, also showed substantial improvement, reaching INR 18.1 crore compared to a net loss of INR 73.1 crore in the corresponding period of the previous year. This financial turnaround highlights the company’s resilience and its ability to capitalise on growth opportunities amidst challenging macroeconomic conditions.
“Q2 results demonstrate our ability to sustain growth momentum in both revenue and profit, amid ongoing macroeconomic challenges. New business wins have contributed INR 280 crore to revenue for the quarter,” stated the company.
“Our global account management strategy has helped us close large deals, which gives us confidence in sustaining growth momentum. Overall, the results reflect our resilience in navigating a complex environment, and we remain confident about our profitable growth in the coming quarters,” the company added.
H1 FY 2025 performance
The company’s consolidated revenue from operations for the quarter under review witnessed a year-on-year increase, reaching INR 2,512.9 crore compared to INR 2,262.9 crore in the same period last year. This upward trajectory in revenue generation was also reflected in the half-year performance, with revenue from operations reaching INR 5,052.3 crore, a notable increase from INR 4,551.8 crore recorded during the same period in the previous year.
“Our Q2 results reflect sustained revenue growth, along with continued improvement in profitability, driven by our focus on operational efficiency and cost management. Our ability to fund growth through internal resources has enabled us to effectively manage borrowings, driving profit before tax (PBT),” the company added.
Integrated Supply Chain Solutions
Delving into the segmental performance, the company’s Integrated Supply Chain Solutions (ISCS) segment witnessed a marginal year-on-year expansion of 90 basis points during the July-September 2024 quarter. This positive development was primarily attributed to the company’s unwavering commitment to operational efficiency and a strategic emphasis on cost management.
The ISCS segment recorded a revenue of INR 1,348.5 crore during the quarter, marking a year-on-year increase from INR 1,269.5 crore reported in the same quarter of the previous year.
Network Solutions segment
The Network Solutions (NS) segment, another key revenue driver for the company, also exhibited strong performance, generating revenue of INR 1,164.4 crore during the July-September 2024 quarter, a significant increase from INR 993.4 crore recorded in the corresponding period of the previous year.
