Tvs Supply Chain Solutions Ltd. · NSE:TVSSCS
Tvs Supply Chain Solutions — Q2 FY26 Earnings Presentation
34 slides from Tvs Supply Chain Solutions's earnings presentation, Nov 14, 2025
Slide 1: TVS Supply Chain Solutions Q2 & H1 FY26 Earnings Presentation
STRICTLY PRIVATE AND CONFIDENTIAL TVS Supply Chain Solutions Q2 & H1 FY26 Earnings Presentation 14th November 2025
Slide 2: Safe harbour & disclaimer
Safe harbour & disclaimer This presentation (“Presentation”) is prepared by TVS Supply Chain Solutions Limited (“Company”) and is for information purposes only without regards to specific objectives, financial situations or needs of any -particular person and is not and nothing in it shall be constr
Slide 3: From the desk of MD
From the desk of MD Stellar Performance on the back of strong ISCS momentum Our Q2 performance reflects focused execution and disciplined cost management, delivering our best PBT since listing. The quarter was marked by strong growth in our ISCS segment and early signs of stabilization in GFS, suppo
Slide 4: From the desk of CFO
From the desk of CFO Commenting on the financial performance of the company, R Vaidhyanathan, Global CFO said – Q2 FY26 reflects strong execution and improved profitability. Consolidated revenue grew 6% year-on-year to ₹2,663 crores, with Adjusted EBITDA of ₹178 crores and Adjusted PBT improving to
Slide 5: Q2 & H1FY26 Financial Performance
CONFIDENTIAL Q2 & H1FY26 Financial Performance 5
Slide 6: Q2FY26 Financial Snapshot
in INR Cr Financial Snapshot Adj. PBT before exceptional items Reported PBT before Revenue Adj. EBITDA & share of profit from TVS ILP exceptional items +6.0% +1.0% +31.9% +30.8% 2,663 178 23 23 2,513 177 Q2FY26 18 18 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 +4.0% -2.8% +34.9%
Slide 7: Revenue, Adj EBITDA and Profitability
in INR Cr Revenue, Adj EBITDA and Profitability +6.0% +2.7% 2,513 2,445 2,499 2,592 2,663 Revenue Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 7.0% 6.2% 6.5% 6. 7% 6. 7% Adj. EBITDA & Margin 177 173 178 152 161 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 0.7% -ve 0.7% 0.7% 0.9% Adj. PBT & PBT 196 Margin 24 1
Slide 8: Segment wise Revenue and Adj EBITDA
in ₹ Cr Segment wise Revenue and Adj EBITDA ISCS Segment (In ₹ Cr.) GFS Segment (In ₹ Cr.) TVSSCS Consolidated (In ₹ Cr.) +6.2% -2.2% +4.0% 3,976 1,308 1,279 3,744 5,255 5,052 Revenue +8.4% -0.7% +6.0% 1,838 1,993 674 670 2,513 2,663 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2
Slide 9: Geography wise Revenue
in ₹ Cr Geography wise Revenue ISCS Segment (In ₹ Cr.) GFS Segment (In ₹ Cr.) Total (In ₹ Cr.) +0.1% +22.2% +5.5% 1,033 1,034 404 1,438 1,363 331 +46.6% India +1.1% +11.7% 228 744 510 516 666 156 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 +8.6% -1
Slide 10: Revenue Bridge YoY
in ₹ Cr Revenue Bridge YoY Revenue bridge: Q2FY25 to Q2FY26 in ₹ Cr Revenue bridge: H1FY25 to H1FY26 in ₹ Cr 20 16 177 5,255 74 5,052 364 2,663 204 2,513 Q2 FY25 New BD Price & Volume Customer Q2 FY26 H1 FY25 New BD Price & Volume Customer H1 FY26 Growth Churn Growth Churn New Business development t
Slide 11: Business development efforts yielding consistent results for Q2 FY26
Business development efforts yielding consistent results for Q2 FY26 ISCS Leading Indian Global leader in One of the top Indian Global player in Top Indian Integrated solar manufacturer of Building commercial vehicles energy management automotive solutions provider electrical and Technologies manufa
Slide 12: Robust Pipeline gives us the confidence for a double-digit growth
Robust Pipeline gives us the confidence for a double-digit growth Key Opportunities in India Key Opportunities in RoW Near Term Opportunities Long gestation opportunities Warehousing solution to a Integrated solution to a global Sourcing and Procurement Technical solution to a UK based diversified k
Slide 13: Q2 & H1FY26 Profit & Loss Statement
in ₹ Cr Q2 & H1FY26 Profit & Loss Statement Particulars Q2FY25 Q2FY26 Y-o-Y H1FY25 H1FY26 Y-o-Y Revenue from operations 2,512.9 2,662.6 6.0% 5,052.3 5,254.9 4.0% Other Income 7.1 11.4 13.6 20.1 Total Income 2,520.0 2,674.0 6.1% 5,065.9 5,275.1 4.1% Total material related costs 434.3 446.3 2.8% 923.0
Slide 14: Balance Sheet
in ₹ Cr Balance Sheet Assets Mar-25 Sep-25 Equity & Liabilities Mar-25 Sep-25 Non - Current Assets Total Equity 1,835.5 1,976.8 Property Plant & Equipment 421.6 482.9 Non-Current Liabilities Right of Use Assets 1,000.7 955.8 Borrowings 2.6 63.1 Goodwill 600.6 630.2 Lease Liability 863.0 814.1 Other
Slide 15: Cashflow Statement
in ₹ Cr Cashflow Statement Particulars H1 FY 25 H1FY26 Net Profit Before Tax 31.6 126.8 Adjustments for: Non Cash Items / Other Investment or Financial Items 324.9 266.2 Operating profit before working capital changes 356.5 392.9 Changes in working capital -246.8 -24.3 Cash generated from/(used in)
Slide 16: Restated segment numbers FY25
CONFIDENTIAL Restated segment numbers FY25 16
Slide 17: Restated FY25 numbers aligning with new segment structure
in INR Cr Restated FY25 numbers aligning with new segment structure Revenue by segment As is Restated Revenue Revenue Q1 Q2 Q3 Q4 FY25 Q1 Q2 Q3 Q4 FY25 ISCS 1,425.9 1,348.5 1,301.2 1,421.0 5,496.5 ISCS 1,905.6 1,838.5 1,827.4 1,943.4 7,514.9 NS 1,113.5 1,164.4 1,143.5 1,077.9 4,499.2 GFS 633.8 674.4
Slide 18: Company Overview
CONFIDENTIAL Company Overview 18
Slide 19: A tech-driven ISCS with end to end capabilities
A tech-driven ISCS with end to end capabilities… Msys Visibility i-ex Analytics Product data | Inventory | Warehouse management Transport Business Intelligence Procurement Sourcing & Integrated Logistics In-Plant Logistics FG & AM Spares Closed-Loop Logistics & Procurement Transportation Operation C
Slide 20: And a reliable and efficient GFS
…And a reliable and efficient GFS… Global Expertise E-Connect advantage Ocean Air Smooth customs Assured space Cost effective freight freight clearance management shipping 20
Slide 21: with a global business headquartered in India
…with a global business headquartered in India… We are present across India And globally across four continents Europe Asia Pacific (incl Oceana) Jammu and Kashmir Himachal Pradesh Punjab Uttarakhand Arunachal Pradesh Haryana Delhi Sikkim Rajasthan Uttar Pradesh Assam Bihar Nagaland Meghalaya Manipu
Slide 22: and Experienced Management Team
Management Team …and Experienced Management Team R. Dinesh Ravi Viswanathan R Vaidhyanathan Executive Chairman Managing Director Global CFO Regional CEOs Global Functional leads Kameswaran Sukumar Richard Vieites Jonathan Croydon Siddharth Jairaj Ethirajan Balaji Dinesh Narayan CEO, India, Middle Ea
Slide 23: Strategies for Growth: 3C Approach
Strategies for Growth : 3C Approach We identify opportunities using the ‘C3 Framework’ in the three C’s - Customer, Capability and Country 1 2 3 CUSTOMER CAPABILITIES COUNTRY ✓ Continued innovation and investment in technology ✓ Leverage our global network to expand into new markets ✓ Deepen our cus
Slide 24: Our Medium-Term Outlook
Our Medium-Term Outlook Profit Before Tax Margin (%) Medium Term Industry Best-in-Class* Goals 1.9% 4.0% PBT Margin: 1.2% 8 - 11% 0.4% 0.5% Q4 FY 25 IFM turnaround Project One Operating Q4 FY 27 Leverage 24 *Profile of Global Peers
Slide 25: Our Growth Vision
Our Growth Vision Deep Domain Expertise Global Network Proprietary Technology 25
Slide 26: Region wise segmental historical Overview
CONFIDENTIAL Region wise segmental historical Overview 26
Slide 27: ISCS Outperforming the GDP growth Regionally
in ₹ Cr ISCS Outperforming the GDP growth Regionally Consolidated ISCS Revenue +13.0% 7,515 De-coupled to GDP 5,420 6,263 7,042 4,607 growth FY21 FY22 FY23 FY24 FY25 Our ISCS business has outperformed the GDP growth in Consolidated Industry Wise Breakup the market we operate and has grown at a CAGR
Slide 28: ISCS – India Business
in ₹ Cr ISCS – India Business ISCS India Revenue India GDP & Manufacturing Growth PMI GDP +11.6% 59.1 2,042 2,145 2,067 9.7% 54.0 56.4 58.1 10 60 1,617 7.8% 7.0% 6.8% 40 1,331 55.4 6.3% 5 20 ISCS India business grew by 0 11.6% CAGR 0 -20 over the last 4 years, outperforming FY21 FY22 FY23 FY24 FY25
Slide 29: ISCS – North America Business
in ₹ Cr ISCS – North America Business ISCS North America Revenue US GDP & Manufacturing Growth PMI GDP 992 59.1 58.8 51.9 +20.3% 10 49.2 50.2 60 796 706 40 5.8% 474 ISCS North America business grew by 376 5 20 1.9% 2.5% 2.7% 1.9% 0 20.3% CAGR over the last 4 years, outperforming 0 -20 FY21 FY22 FY23
Slide 30: ISCS – Europe Business
in ₹ Cr ISCS – Europe Business ISCS Europe Revenue UK GDP & Manufacturing Growth PMI GDP +14.4% 2,348 2,437 58.9 55.8 50.3 10 60 47.9 44.9 1,770 1,874 40 1,423 5 20 ISCS Europe business grew by 8.7% 4.8% 1.1% 1.7% 0 14.4% CAGR 0.4% 0 -20 over the last 4 years, outperforming FY21 FY22 FY23 FY24 FY25
Slide 31: IFM Performance
IFM Performance Demonstrated Growth in Revenues* Countries Revenue 9 +7.2% 1,852 1,679 1,682 1,802 Key Highlights ₹1,852 Crs Customers 1,403 ✓Successfully turned around 1,092 operations by Q4FY25 led by cost efficiencies and price increases with FY25 customers FY21 FY22 FY23 FY24 FY25 ✓Revenue conti
Slide 32: GFS Performance
GFS Performance Revenue from Operations with Impact due to Pricing World Container Index ($ per 40ft. Container) 12000 3,679 3,821 10000 834 1,074 8000 2,239 2,481 2,169 195 0 6000 2,605 2,987 4000 2,169 2,388 2,286 2000 -149 0 FY21 FY22 FY23 FY24 FY25 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23 Mar-2
Slide 33: Diverse customer base with long term relationships
Diverse customer base with long term relationships Diversified customer base Long term customer relationships Consolidated Revenue by customer sector (FY25) Avg. length of relationships: of top 10 customers in FY25 Others 10.48% Healthcare 13.2 13.6 2.00% Industrial Rail and 29.14% Utilities 7.89% C
Slide 34: Thank You
Thank You Company: TVS Supply Chain Solutions Limited Investor Relations: Strategic Growth Advisors Pvt. Ltd. CIN: L63011TN2004PLC054655 www.sgapl.net CIN: U74140MH2010PTC204285 Mr. Prabhu Hariharan - Head Investor Relations Email: investor.relations@tvsscs.com Mr. Sagar Shroff / Mr. Ayush Haria For
TVS Supply Chain Solutions — Q2 FY26 Earnings Presentation on 6ix