Tvs Supply Chain Solutions Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
TVSSCS · price
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TVS Supply Chain Solutions reported its Q1 FY26 (quarter ended June 30, 2025) results. Consolidated revenue from operations rose 2.1% year-on-year to ₹2,592.31 crore. The company booked exceptional restructuring costs of ₹91.29 crore under 'Project One', covering UK and Europe warehouse consolidation, severance, and brand rationalisation. A one-time gain of ₹177.23 crore from its joint venture (TVS ILP) was recognised following the listing of TVS Infrastructure Trust units on the NSE on July 7, 2025. Consolidated profit after tax jumped to ₹71.16 crore from ₹7.47 crore a year earlier, though this was driven largely by the JV gain rather than core operations. Standalone revenue was nearly flat at ₹467.96 crore and standalone PAT fell sharply to ₹3.30 crore from ₹20.64 crore. The board also appointed Deloitte Touche Tohmatsu India LLP as the new Internal Auditor for FY 2025-26.
Headline profit growth is flattered by a one-off gain from the JV's trust listing; underlying core earnings were weak, with significant restructuring charges pressuring margins. The Deloitte auditor appointment is routine, but investors should watch execution of Project One and whether the consolidated recovery is sustainable beyond the one-time JV boost.