TVS Supply Chain Solutions More Than Doubles Q2 Net Profit as Revenue Jumps 38%

TVS Supply Chain Solutions more than doubled its consolidated net profit to ₹36.5 crore in the second quarter ended September 30, 2026, while consolidated revenue rose 38% year-on-year to ₹3,687 crore. TradingView reported the results. TVS Supply Chain Solutions is a publicly listed global end-to-end supply chain services provider operating across 64+ countries with 100+ owned facilities, 17,000+ employees, and 20 million sq. ft. of warehousing, serving 91 Fortune Global 500 clients across automotive, defence, utilities, healthcare, and rail verticals.

How TVS Supply Chain Grew Its Q2 Profit

Managing director Vikas Chadha attributed the profit increase to operational leverage, improved asset utilisation and growth in new business. The company reported new business revenue of ₹523 crore during the quarter, the third consecutive quarter in which it crossed the ₹500-crore milestone, Chadha said. Much of that new business is being accommodated within existing assets, helping maximise their utilisation, he said.

India was the fastest-growing geography, with revenue increasing 64.1% year-on-year to ₹1,177 crore, while revenue from the rest of the world grew 29%. India currently accounts for 32% of the company's revenue, and the company is on track to increase that contribution to 40% over the next three years. Chadha said renewables have emerged as a particularly strong growth driver in India, alongside the company's traditional strength in industrials, automobiles, consumer durables and FMCG.

"Strong growth in ISCS, structural enhancements driving GFS profitability and our ability to deliver technology-led solutions put us firmly on track to double our profits in FY27," Chadha said. The company has a business development pipeline of ₹8,200 crore and is targeting revenue growth of more than 20% across both its business segments.

TVS Supply Chain's Deal Record

According to akta.pro company records, TVS Supply Chain Solutions formed a 51:49 joint venture with Italy's ALA Group in June 2026 to create a specialised aerospace and defence supply chain platform in India, targeting cumulative revenues exceeding ₹2,000 crore by 2031, backed by an initial €2 million investment. In January 2026 the company acquired Hyderabad-based FMCG-focussed 3PL Swamy & Sons for an enterprise value of ₹88 crore through wholly-owned subsidiary FIT 3PL, funded via internal accruals, adding ₹207 crore of FY25 revenue. The same records list full year FY26 revenue of ₹11,003 crore, up 10.08% from FY25.

Earlier TVS Supply Chain Announcements

In August 2026, TVS Supply Chain Solutions signed a Memorandum of Understanding with Japan's Sankyu Inc. to collaborate on supply chain and engineering services, under which Sankyu plans to acquire a 0.5% equity stake in the company, ScanX reported. The same month, the company appointed Raghavendra Prasad Mallaiah as Chief Operating Officer – Defence & Aerospace, with responsibility for the TVS ALA joint venture in India, according to Hrtoday. In September 2026, CNBC TV18 reported that the company expects mid-teens to high-teens revenue growth in FY27, with faster profitability growth, despite crude and supply challenges.

What TVS Supply Chain Targets Next

The company is targeting revenue growth of more than 20% across both its business segments and expects to double its profits in FY27, Chadha said.