TVS Supply Chain Solutions Surges to Profit Amid Economic Challenges

TVS Supply Chain Solutions Ltd reported a significant turnaround with a profit of Rs 10.6 crore in the July-September 2024 quarter, compared to a loss last year. Strong operational efficiency, new business wins, and cost management contributed to this growth, as revenue rose to Rs 2,512.9 crore.

TVS Supply Chain Solutions Ltd, a key player under the TVS Mobility Group, has achieved a consolidated profit after tax of Rs 10.6 crore for the July-September 2024 quarter. This is a significant turnaround from the Rs 21.9 crore net loss reported during the same period last year.

According to managing director Ravi Viswanathan, the company's growth momentum in revenue and profit, amidst macroeconomic challenges, is commendable. New business contributions of Rs 280 crore have boosted quarterly revenues.

For the half-year ending September 30, 2024, revenue climbed to Rs 5,052.3 crore, up from Rs 4,551.8 crore last year, driven by efficient cost management and internal funding. The ISCS segment's marginal expansion and the Network Solutions segment's consistent revenue growth further highlight the company's robust performance.

(With inputs from agencies.)