Newspaper Publication of the Audited Standalone and Consolidated Financial Statements for the quarter and year ended March 31, 2026
TVSSCS · price
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TVS Supply Chain Solutions reported total income of ₹6,833.27 crore for FY26, up 5.9% from ₹6,449.69 crore in FY25. Profit before tax grew 9.9% to ₹3,719.43 crore from ₹3,384.10 crore. However, profit after tax surged 58.6% to ₹3,459.82 crore from ₹2,181.89 crore, boosted by a one-time deferred tax benefit of ₹695.05 crore arising from the company's switch to the new income tax regime in September 2025. Excluding this one-time benefit, PAT growth would have been around 27%. EPS stood at ₹38.39 per share. The board maintained its dividend — it already paid an interim dividend of ₹15 per share in February 2026 (₹1,351.77 crore) and has recommended a final dividend of another ₹15 per share. Cash and cash equivalents collapsed 94% from ₹1,639.14 lakh to ₹995.34 lakh, largely because the company placed ₹2,778.05 lakh in fixed deposits during the year.
Strong underlying profit growth, but investors should note that PAT growth was inflated by a one-time tax benefit. The sharp drop in cash reserves to near-zero levels may raise questions about liquidity management, though this partly reflects large FD placements. The maintained dividend signals management confidence.