TVS Supply Chain Solutions Limited (TVS SCS) saw its stock rise by 2.82% to ₹188.75 on the NSE as of 9:38 AM, following the announcement of robust earnings for the second quarter and six months ending September 30, 2024. The company reported a significant turnaround in profitability, highlighting a positive outlook for investors.
For Q2 FY25, TVS SCS posted sales of ₹25,128.8 million, up from ₹22,629.1 million in the same quarter last year. Revenue stood at ₹23,413 million, a slight increase from ₹22,713 million. Notably, the company recorded a net profit of ₹93.3 million, a substantial improvement compared to a net loss of ₹495.5 million in Q2 FY24. Basic and diluted earnings per share (EPS) from continuing operations were both at ₹0.21, up from a loss of ₹0.74 per share in the same period last year.
For the first six months of FY25, sales reached ₹50,522.7 million, up from ₹45,518.3 million in the previous year, while revenue climbed to ₹50,864.7 million compared to ₹45,783.2 million. The company reported a net income of ₹158.2 million, reversing a net loss of ₹1,150.9 million for the same period last year. Basic and diluted EPS from continuing operations for the six-month period were ₹0.36, compared to a loss of ₹2.04 per share last year.
The positive financial performance, driven by higher sales and revenue growth, along with the shift from losses to profitability, reflects TVS SCS’s effective operational strategy and strong market demand. This turnaround in earnings has boosted investor confidence, leading to an upward movement in the company’s share price.
