Board Meeting outcome for approval of Audited Standalone and Consolidated Financial Statements of TVS Supply Chain Solutions ("Company") for the quarter and year ended March 31, 2026
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TVS Supply Chain Solutions reported FY26 consolidated revenue of ₹11,002.97 crore, up 10.1% from ₹9,995.72 crore in FY25. The company posted a profit after tax of ₹117.02 crore, a significant turnaround from a loss of ₹9.64 crore in FY25. Profit before exceptional items improved to ₹92.10 crore versus ₹24.21 crore in the prior year. Exceptional items included ₹91.29 crore in restructuring costs under 'Project One' for UK and Europe operations, and ₹14.34 crore related to new labor code implementation. Management change: Mr. Ravi Viswanathan resigning as Managing Director effective June 30, 2026, to be succeeded by Mr. Vikas Chadha (current Global CEO) from July 1, 2026. Auditors S.R. Batliboi & Associates LLP issued unqualified opinions on both standalone and consolidated financial statements.
The company achieved a strong turnaround in profitability despite moderate revenue growth. The restructuring under Project One and leadership transition indicate a strategic shift that could improve long-term operational efficiency, though near-term costs from restructuring weigh on results.