ALFA Finder
| PE Ratio | 83.74Sector PE 32.77 |
|---|---|
| Market Cap | ₹5,423.19 CrTransportation |
| PEG TTM | 2.91Price to Growth |
| RSI | 56.57Neutral Zone |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 3,687 | 3,335 | 2,663 |
| Other Income | 6.3 | 13.6 | 11.4 |
| Total Income | 3,693 | 3,349 | 2,674 |
| Profit Before Tax | 50.6 | 32.1 | 23.3 |
| Net Profit | 36.5 | 22.5 | 16.3 |
| Operating Margin | 1.4% | 1.0% | 0.9% |
| Net Profit QoQ | +62.2% | ||
| Net Profit YoY | +123.9% | ||
| Adj. Profit QoQ | +139.5% | ||
| Adj. Profit YoY | +272.3% | ||
Key highlights
- Consolidated revenue from operations increased 38.5% YoY to ₹3,687 crore in Q2 FY27
- Net profit surged 123.9% YoY to ₹36.5 crore, up from ₹16.3 crore in the year-ago period
- Operating margin expanded to 1.4% compared to 0.9% in Q2 FY26
- Integrated Supply Chain Solutions segment revenue reached ₹2,494.06 crore for the quarter
- Institutional holding in the company increased by 0.11% during the quarter to reach 4.66%
- Deloitte Touche Tohmatsu India LLP appointed as Internal Auditor for FY 2026-27
Scaling Operations Drive Profitability Surge
TVS Supply Chain Solutions reported a substantial expansion in its top-line for Q2 FY27, with consolidated revenue reaching 3,687 crore, representing a 10.6 percent sequential increase from the June quarter. The bottom-line performance was significantly enhanced, as net profit climbed to 36.5 crore, marking a 62.2 percent growth on a quarter-on-quarter basis. This profitability surge is partly attributed to efficiency gains across global networks and the absence of large-scale restructuring costs that impacted the previous year's financials.
Operating margins improved to 1.4 percent, indicating a successful transition from the low-margin environment of the previous fiscal year.
Segment Performance and Operational Drivers
- Integrated Supply Chain Solutions (ISCS) revenue grew to 2,494.06 crore, remaining the primary revenue driver
- Global Forwarding Solutions (GFS) segment revenue stood at 1,202.37 crore for the September quarter
- The company successfully integrated Swamy & Sons 3PL Private Limited following an 80 percent stake acquisition in May 2026
- Consolidated profit before tax (PBT) reached 50.6 crore, compared to 23.3 crore in the same period last year
- Finance costs increased to 48.31 crore for the quarter, up from 33.40 crore in Q2 FY26
- Other income for the quarter was reported at 6.3 crore, down from 13.6 crore in the preceding quarter
Strategic Initiatives and Future Outlook
The company is continuing its Project One strategic initiative, which focuses on consolidating business activities across the United Kingdom and Europe to streamline global operations. As of June 2026, TVS Supply Chain Solutions maintained a business development pipeline valued at over 7,500 crore, providing visibility for future growth. Management had previously issued guidance for mid-teen revenue growth for the full 2027 fiscal year and continues to target an adjusted PBT margin of 4 percent by FY28.
The appointment of Deloitte Touche Tohmatsu India LLP as the internal auditor further underscores the company's focus on strengthening its corporate governance framework during this growth phase.
| Date | Announcement | Amount |
|---|---|---|
| 11 Aug 2026 | Management guidance for FY27 mid-teen revenue growth and 4% PBT margin target by FY28Source: investorstack.in | – |
| 10 Aug 2026 | Q1 FY27 consolidated revenue from operationsSource: icicidirect.com | ₹3,335.22 Cr |
| 25 May 2026 | Q4 FY26 consolidated revenue from operationsSource: univest.in | ₹3,032.22 Cr |
| 10 Feb 2026 | Q3 FY26 consolidated revenue from operationsSource: timesofindia.indiatimes.com | ₹2,715.81 Cr |
| 13 Nov 2025 | Q2 FY26 consolidated revenue from operationsSource: newindianexpress.com | ₹2,662.63 Cr |
| 08 Aug 2025 | Q1 FY26 consolidated revenue from operationsSource: tvsscs.com | ₹2,592.31 Cr |
What to watch next
- Q2 FY27 earnings conference call scheduled for November 16, 2026
- NCLT Bengaluru rectification order regarding the appointed date for SPC International (India)
- Progress on the company's target to reach a 4 percent adjusted PBT margin by FY28
| Share price | ₹122.7 |
|---|---|
| Market capitalisation | ₹5,423.19 Cr |
| Revenue (annual) | ₹11,002.97 Cr |
| Net profit (annual) | ₹114.28 Cr |
| Revenue (latest quarter) | ₹3,335.22 Cr+9.99% vs previous quarter |
| Net profit (latest quarter) | ₹20.85 Cr+18.80% vs previous quarter |
| P/E (TTM) | 83.74×Sector 32.77× |
| Promoter holding | 43.03%0.00% QoQ |
| FII holding | 2.42%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by TVS Supply Chain Solutions Limited announcing unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026. Market figures from a third-party data provider.
