TVS Supply Chain Solutions Ltd (NSE:TVSSCS)

Q3 2026 TVS Supply Chain Solutions Ltd Earnings Call Transcript

Feb 10, 2026 / 03:30 AM GMT

Release Date Price: ₹122.67 (+13.73%)

Transcript

Key Points

Positve

TVS Supply Chain Solutions Ltd (BOM:543965) reported a strong quarter with double-digit revenue growth of 11.1% year-on-year.
The company achieved a significant improvement in adjusted EBITDA, which grew by 31.2%, with margins expanding by 110 basis points to 7.3%.
The India segment showed robust growth, with revenue increasing by 11.8% year-on-year, driven by new business wins and improved profitability.
The ISCS Europe segment experienced a clear profitability inflection, supported by disciplined cost actions and a better business mix.
The acquisition of Swami and Sons is expected to strengthen the company's capabilities in the FMCG and consumption-led supply chain space in India.

Negative

Global freight rates remain under pressure, impacting the GFS segment despite volume rebounds.
The company faces macroeconomic uncertainties that continue to affect the GFS segment.
Employee costs increased year-on-year due to cost inflation, although there was a sequential decline due to project exits.
The company experienced a customer insourcing in Europe, which led to a reduction in employee costs and impacted the business.
Despite strong performance, the company remains cautiously optimistic about the GFS segment due to ongoing global macroeconomic challenges.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TVSS.NS - TVS Supply Chain Solutions Ltd
Q3 2026 TVS Supply Chain Solutions Ltd Earnings Call
Feb 11, 2026 / 03:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, we welcome you all to the Q3F526 earnings conference call of TS Supply Chain Solutions Limited. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on the date of this call. These statements do not guarantee the future performance of the company and may involve risks and uncertainties that are difficult to predict.

As a reminder, all participant clients will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on a

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