TVS Supply Chain Solutions (TVS SCS), a key player in the Rs 15,000 crore TVS Mobility Group, faced challenges in the second quarter of the financial year 2023-24, posting a consolidated loss of Rs 22 crore. This stark contrast came in comparison to the net profit of Rs 38 crore achieved during the same period in the previous financial year. Despite the setback, the company’s revenue from operations during this quarter was reported at Rs 2,262.9 crore, marking a 16 percent decline from Rs 2,680.8 crore in the corresponding period of 2022-23.
The company strategically navigated the quarter, implementing two significant interventions. Firstly, the sale of the Circle Express business, and secondly, the partial stake sale in TVS Industrial & Logistics Parks. Both actions were classified as exceptional items in the quarter, demonstrating the company’s adaptability and proactive measures to balance challenges.
In terms of consolidated performance, Q2 adjusted EBITDA margins saw a noteworthy expansion of 100 basis points year-on-year. This margin growth was attributed to the strategic balance achieved between the integrated supply chain solutions (ISCS) segment and the network solutions (NS) segment.
At 2:52 pm, despite the challenges faced, the company showcased resilience and determination, with its shares trading 1.26 percent higher at ₹221.25, indicating investor confidence in TVS SCS’s strategic decisions and long-term prospects.
