TVS Supply Chain Solutions: FY26 turnaround, Q4 surge, and a FY27 setup
Frequently Asked Questions
FY26 revenue from operations was INR 11,003.0 crore, versus INR 9,995.7 crore in FY25.
Q4 FY26 revenue from operations was INR 3,032.2 crore versus INR 2,498.8 crore in Q4 FY25; adjusted EBITDA was INR 222.0 crore versus INR 161.4 crore.
The company reports two segments: Integrated Supply Chain Solutions (ISCS) and Global Forwarding Solutions (GFS). FY26 revenue mix shown was ISCS 74.9% and GFS 25.1%.
In the concall, management indicated ISCS margin around 9.5% to 10%, and overall adjusted EBITDA margin around 7.3% to 7.4%, dependent on GFS freight-rate trajectory.
Revenue from new business wins was INR 524 crore in Q4 FY26 and INR 1,207 crore for FY26. The BD pipeline disclosed at Q4 FY26 was INR 6,100 crore.
The acquisition of Swamy & Sons 3PL was completed in May 2026. Management stated it will deepen FMCG and consumption-led supply chain capability in India and be margin accretive in FY27.
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