TVS SCS Q2 profit jumps on strong operations and cost efficiency
Net profit rises 54% to ₹16.31 crore in Q2 as revenue, cash flow and business pipeline show steady growth.
TVS Supply Chain Solutions (TVS SCS) reported a 31% year-on-year rise in profit before tax for Q2 FY26, reaching ₹23.32 crore, as the Chennai-headquartered company continued to strengthen its financial performance through improved cost efficiency and operational discipline. Net profit for the quarter surged 54% to ₹16.31 crore compared to ₹10.61 crore in the same period last year.
The company said its profitability improved on the back of strong operational execution and sustained momentum across key verticals. Consolidated revenue for Q2 FY26 rose 6 percent year-on-year to ₹2,662.63 crore, up from ₹2,512.88 crore. For the first half of FY26, net profit stood at ₹87.47 crore, sharply higher than ₹18.08 crore in H1 FY25, while PBT reached ₹39.95 crore, a 33 percent rise.
Ravi Viswanathan, Managing Director, TVS SCS, said the quarter was “stellar” for the business. He said the performance showed the company’s ability to handle challenges in the Global Forwarding Solutions (GFS) segment while delivering solid results in the Integrated Supply Chain Solutions (ISCS) segment. He added that the expanding business pipeline, now at over ₹6,200 crore, and new business wins of ₹204 crore in Q2 highlighted strong customer confidence.
Global Chief Financial Officer, R Vaidhyanathan, said the company delivered its second straight quarter of profit despite macro pressures in the GFS segment. He pointed to the progress of cost take-out measures across regions and highlighted improved cash flow, with operations generating ₹105 crore in H1 FY26 due to disciplined working capital management.
In the ISCS segment, revenue for Q2 FY26 stood at ₹1,993.01 crore, an 8.41% year-on-year increase. Adjusted EBITDA for the segment rose to ₹173.83 crore, up from ₹149.43 crore in Q2 FY25. ISCS maintained an EBITDA margin of 8.72% for the quarter.
In the GFS segment, Q2 FY26 revenue stood at ₹669.62 crore, slightly lower than last year due to softer market conditions. Adjusted EBITDA fell to ₹13.59 crore, compared to ₹28.18 crore in Q2 FY25.
On a consolidated basis, adjusted EBITDA for Q2 reached ₹177.40 crore. The company aims to achieve a medium-term PBT target of 4 percent through continued cost discipline and a leaner structure.
TVS SCS, part of the TVS Mobility Group, operates in 25 countries with over 17,000 employees and serves 91 Fortune Global 500 companies across sectors including automotive, industrial, consumer, technology, rail and utilities, and healthcare.
