TVS Supply Chain Solutions reported a consolidated net profit of ₹18 crore for the fourth quarter ended March 31, 2026, as against a net loss of ₹4 crore for the corresponding quarter last year. Revenue rose 12 per cent to ₹3,032 crore (₹ 2,499 crore). Other income was at ₹11 crore (₹13 crore).

In FY26, the company reported a net profit of ₹117 crore against a net loss of ₹10 crore for the corresponding last year. Revenue rose 10 per cent to ₹11,003 crore (₹9,996 crore). Other income was at ₹38 crore (₹33 crore).

On a standalone basis, the company reported a reduced net profit of ₹10 crore on revenue of ₹570 crore in Q4 against a net profit of ₹21 crore on revenue of ₹481 crore in Q4 FY25. Other income was at ₹37 crore (₹36 crore).

For the full year, the company’s net profit was down to ₹20 crore (₹70 crore) on revenue of ₹1,991 crore (₹1,885 crore). Other income was ₹134 crore (₹128 crore). There was an InvIT gain of ₹177.2 crore during the year.

Project One

During FY26, the group implemented ‘Project One’, a strategic transformation initiative undertaken to streamline operations, rationalise cost structure and consolidate business activities across the UK and Europe. In relation to this, the group has recognised restructuring costs amounting to ₹91.29 crore. This relates to on-site closure costs relating to consolidation of select warehouse operations in the UK and Europe Region; redundancy and severance expenses linked to role rationalisation and headcount right sizing; and brand rationalisation write-off related to the withdrawal of legacy brands to support a unified, customer-centric market presence, the company said in its financial statement.

Ravi Viswanathan, Managing Director, TVS Supply Chain Solutions, said, “Our India business continued its strong momentum with over 31.4 per cent year-on-year growth in Q4, and sequential growth of 14.9 per cent, supported by deeper customer engagement, operational excellence and sustained demand across key sectors. The strong order-pipeline and quarterly new business-wins of ₹524 crore provide us with good visibility for future growth.”

As part of the transition plan announced in January, the board, at its meeting held on Monday, took note of the resignation of Ravi Viswanathan, who will step down from the role of Managing Director, effective June 30. The board also approved the appointment of Vikas Chadha, currently Global CEO, as Managing Director, effective July 1, said a release.

Published on May 25, 2026