TVS Supply Chain Solutions Limited saw its shares gain nearly 2% after the company announced strong financial results for the fourth quarter of FY24.
The company reported a profit after tax of ₹5.40 crore for the quarter ending March 31, 2024, compared to a loss of ₹9.4 crore in the same period last year.
The Integrated Supply Chain Solutions (ISCS) segment showed robust growth with quarterly revenue of ₹1379.5 crore, marking an 8.4% increase from the previous quarter and a 9.9% rise year-on-year.
This growth was driven by new customer acquisitions and increased business with existing clients. Significant new contracts included deals with an Indian OEM in the commercial vehicle space, a UK-based defense contractor, and a leading water utility services company in the UK. The EBITDA margin for the ISCS segment improved to 9.6%, a 40 basis points increase year-on-year.
As of 10:15 am the shares were trading at ₹179.30 on NSE
