How did TVS Supply Chain's full-year performance compare to the prior year?

Full-year revenue grew 10.1% to cross ₹11,000 crore for the first time. The company swung to a full-year net profit of ₹117 crore from a loss of ₹9.6 crore in FY25.

What drove the improvement in profitability?

The India business grew 31.4% year-on-year and adjusted EBITDA margin expanded to 7.3% in Q4 from 6.5% a year ago. The company also reported ₹524 crore in new business wins during the quarter.

What is the status of the leadership transition?

The board accepted MD Ravi Viswanathan's resignation effective June 30, 2026, and approved the appointment of Vikas Chadha as his successor. The move was previously announced in January.

Were the financial results a surprise to the market?

The financial results were widely anticipated and disseminated through market channels before the formal filing, though the analyst noted the strong performance made this more notable than a routine announcement.

Earnings · Logistics · Mid cap

TVS Supply Chain swings to ₹18.4 cr profit on 31% India growth

Full-year revenue crosses ₹11,000 crore for the first time. Q4 profit follows a year-ago loss of ₹3.9 crore.

— 4 earlier stories on TVS Supply Chain Solutions Ltd. →

TVSSCS By Tipsheet Editorial 25 May 2026 · 8:40 PM IST Verify on BSE · NSE

Mkt cap₹5,411 cr

P/E47.35×

ROE0.00%

Debt / eq.0.48

₹3,032 cr Q4 revenue, up 21.3% year-on-year

What's new

Q4 net profit of ₹18.4 crore vs. a loss of ₹3.9 crore a year earlier.
Full-year consolidated revenue crossed ₹11,000 crore for the first time, driven by 31.4% India growth.
New business wins of ₹524 crore in the quarter; adjusted EBITDA margin improved to 7.3% from 6.5%.

Why this matters

The swing to profit shows the India business's 31.4% growth is hitting the bottom line. The ₹11,000 crore annual revenue mark is a new scale for the company, though the leadership change in June adds a variable.

What we're watching

Whether the ₹524 crore in new wins sustains the growth trajectory into FY27.
Impact of leadership change as Vikas Chadha takes over from Ravi Viswanathan in June.
Margin progression — can the 7.3% EBITDA margin hold as scale grows.

The full read

TVS Supply Chain Solutions delivered a clear financial beat. Q4 revenue hit ₹3,032 crore, up 21.3% year-on-year, and the company swung to a net profit of ₹18.4 crore from a loss of ₹3.9 crore. The full-year picture is equally stark: revenue crossed ₹11,000 crore for the first time, and annual profit reached ₹117 crore versus a ₹9.6 crore loss in FY25. The engine is the India business, which grew 31.4%. Adjusted EBITDA margin improved to 7.3% from 6.5%, and the company booked ₹524 crore in new wins. The results themselves were already in the market's numbers, but the scale of the turnaround is now concrete. The leadership handover to Vikas Chadha in June is the next structural change to track.

Questions answered

How did TVS Supply Chain's full-year performance compare to the prior year?: Full-year revenue grew 10.1% to cross ₹11,000 crore for the first time. The company swung to a full-year net profit of ₹117 crore from a loss of ₹9.6 crore in FY25.
What drove the improvement in profitability?: The India business grew 31.4% year-on-year and adjusted EBITDA margin expanded to 7.3% in Q4 from 6.5% a year ago. The company also reported ₹524 crore in new business wins during the quarter.
What is the status of the leadership transition?: The board accepted MD Ravi Viswanathan's resignation effective June 30, 2026, and approved the appointment of Vikas Chadha as his successor. The move was previously announced in January.
Were the financial results a surprise to the market?: The financial results were widely anticipated and disseminated through market channels before the formal filing, though the analyst noted the strong performance made this more notable than a routine announcement.

Mentioned: ₹3,032 cr Q4 revenue · ₹11,000 cr annual revenue · Vikas Chadha

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on TVSSCS →

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