Shares of TVS Supply Chain Solutions Ltd were trading 1.79% lower at Rs 123 today, November 14, despite the company reporting a strong jump in quarterly profit. The stock opened weak and extended losses in early trade.
The company posted a 53.77% year-on-year increase in net profit, which rose to Rs 16.3 crore from Rs 10.6 crore in the same quarter last year. Revenue for the September quarter increased 6% YoY to Rs 2,663 crore, compared with Rs 2,513 crore a year earlier.
However, operating performance moderated, with EBITDA declining 4.9% YoY to Rs 181.15 crore versus Rs 190.57 crore in Q2 FY25. Correspondingly, EBITDA margin fell to 6.8% from 7.6%, indicating pressure on operational efficiencies.
The early market reaction suggests investors are weighing the profit growth against the dip in margins and softer operating numbers.
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