TVS Supply Chain Solutions Limited — Investor Meet, 21-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

TVS Supply Chain Solutions reported strong Q2 FY26 results with consolidated revenue at INR 2,662.6 Cr, up 6% YoY, and PAT increasing 54% to INR 16.31 Cr. The Integrated Supply Chain Solutions (ISCS) segment demonstrated robust performance with EBITDA margins expanding to 8.7%, driven by operational excellence and strategic cost management. The Global Forwarding Solutions (GFS) segment faced macro headwinds, leading to a 2.2% margin, though volumes showed sequential improvement. New business wins totaled INR 204 Cr, contributing to a healthy INR 6,200 Cr order pipeline. Management is confident in sustained profitable growth, aiming for 4% PBT by Q4 FY27, supported by Project One savings of INR 110-120 Cr annualized and actions to improve GFS profitability. India business is expected to rebound in H2 FY26.