TVS Supply Chain Q1 FY27 slides: record wins fuel 29% revenue jump

TVS Supply Chain Solutions reported a 28.7% year-over-year revenue increase to INR 3,335.2 crores for Q1 FY27, fueled by record new business wins amounting to INR 543 crores, which accounted for 21% of Q1 FY26 revenue. Despite the impressive performance, shares fell by 0.84% to $127.34 following the announcement. The company operates in 26 countries, managing over 25.1 million square feet of warehouse space and serving more than 7,100 customers, including 100 Fortune Global 500 firms.

Adjusted EBITDA grew 34% year-over-year to INR 232.2 crores, while adjusted profit before tax surged 70.7% to INR 32.1 crores, marking improved operating leverage and profitability. The company's two main segments, Integrated Supply Chain Solutions (ISCS) and Global Forwarding Solutions (GFS), showed divergent growth patterns, with GFS delivering a 50.6% revenue hike to INR 918 crores and a 195.5% jump in adjusted EBITDA to INR 38 crores.

India was a major contributor to growth, with revenue increasing 43.9% year-over-year to INR 998 crores, as ISCS India grew 30.2% and GFS India jumped 84.1%.