TVS Supply Chain Solutions (TVSSCS), the global logistics and supply chain services provider, reported a strong turnaround in the December quarter of FY26, posting a consolidated net profit of ₹11.19 crore compared with a net loss of ₹23.80 crore in the year-ago period. The return to profitability underlines improved operating performance, margin expansion and a recovery in key business segments.
Revenue from operations rose 11.1% year-on-year to ₹2,715.81 crore, led by sustained momentum in the Integrated Supply Chain Solutions (ISCS) business and a sharp rebound in volumes in Global Forwarding Solutions (GFS). Adjusted EBITDA grew 32.5% YoY to ₹199.31 crore, with margins expanding by 120 basis points to 7.34%, reflecting operating leverage and tighter cost controls.
Managing Director Ravi Viswanathan said the quarter marked an important inflection point for the company. “Q3 delivered strong top-line growth, a step-change in EBITDA performance and margins, and continued progress on profitability. The performance was driven by robust growth in India, disciplined execution across geographies and a sharp focus on efficiency,” he said.
Chief Financial Officer R Vaidhyanathan highlighted the quality of earnings improvement. “Margin expansion and stronger operating leverage in ISCS supported growth in PBT and PAT. The actions taken to improve profitability are yielding results, and we remain focused on sustaining margin progression and improving return metrics,” he said.
ISCS continued to anchor overall performance, with Q3 FY26 revenue rising 8.3% YoY to ₹1,979.52 crore. Adjusted EBITDA from the segment increased 24.6% YoY to ₹182.89 crore, while margins expanded to 9.24%, supported by productivity gains, higher value-added services and strong contract execution. For the first nine months of FY26, ISCS EBITDA grew 12% YoY, with margins improving to 8.75%.
The GFS business delivered a sequential recovery despite a challenging macro environment. Q3 revenue increased 9.95% quarter-on-quarter and 19.3% YoY to ₹736.28 crore. Adjusted EBITDA rose 27% QoQ to ₹17.26 crore, with margins improving to 2.34%, reflecting early benefits from cost actions and stabilising volumes.
Looking ahead, TVS Supply Chain Solutions said its growth visibility remains strong, supported by a robust order pipeline of ₹6,300 crore. New business wins during the quarter stood at ₹319 crore, positioning the company for sustained momentum in the coming quarters.