TVS Supply Chain Solutions more than doubled its consolidated net profit to ₹36.5 crore for the second quarter ended September 30. Revenue rose 38 per cent to ₹3,687 crore. Managing director Vikas Chadha said, "Strong growth in ISCS and structural enhancements put us firmly on track to double our profits."
TVS Supply Chain Solutions more than doubled its consolidated net profit in the second quarter ended September 30, 2026, to ₹36.5 crore. This is mainly driven by operational leverage, improved asset utilisation and growth in new business, the company's managing director Vikas Chadha told businessline.
Consolidated revenue rose 38 per cent year-on-year to ₹3,687 crore.
The company achieved more than ₹500 crore in new business revenue, much of which is being accommodated within our existing assets, helping us maximise their utilisation, Chadha said.
The company reported new business revenue of ₹523 crore during the quarter, marking the third consecutive quarter in which it crossed the ₹500-crore milestone, he added.
India emerged as the fastest-growing geography, with revenue increasing 64.1 per cent year-on-year to ₹1,177 crore. Revenue from the rest of the world grew 29 per cent.
India currently accounts for 32 per cent of the company's revenue, while international markets contribute the remaining 68 per cent.
The company is on track to increase India's contribution to 40 per cent over the next three years, supported by the growth initiatives undertaken in the domestic market, he said.
Traditionally strong in industrials, automobiles, consumer durables and FMCG, renewables sector has emerged as a particularly strong growth driver in India, he said.
Chadha attributed the broader performance to the company's institutionalised operating framework, built around four pillars -- business development, operational rigour, technology and innovation, and customer satisfaction.
The company has a business development pipeline of ₹8,200 crore and is targeting revenue growth of more than 20 per cent across both its business segments.
"Strong growth in ISCS, structural enhancements driving GFS profitability and our ability to deliver technology-led solutions put us firmly on track to double our profits in FY27," Chadha said.