Tvs Supply Chain Solutions Limited has informed the Exchange about Investor Presentation
BSE Limited 1st Floor, New Trading Ring, Rotunda Bldg., P. J. Towers, Dalal Street, Fort, Mumbai 400 001 Scrip Code: 543965
November 13, 2025
National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East),Mumbai 400 051 NSE Symbol: TVSSCS
Sub: Investor presentation of Earnings call with analysts/ investors
In compliance with Regulation 30 read with Para A of Part A of Schedule III and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and further to our announcement dated November 10 ,2025 on earnings call for Q2 FY26 to be held on November 14, 2025, we enclose herewith a copy of the investor presentation.
Kindly take the above information on record.
Thanking You,
Yours faithfully,
For TVS Supply Chain Solutions Limited
P D Krishna Prasad
Company Secretary
Encl: As above
`
S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L
TVS Supply Chain Solutions
Q2 & H1 FY26 Earnings Presentation
14th November 2025
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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 construed as an invitation, offer, solicitation, recommendation or advertisement in respect of the purchase or sale of any securities of the Company or any affiliates in any jurisdiction or as an inducement to enter into investment activity and no part of it shall form the basis of or be relied upon in connection with any contract or commitment or investment decision whatsoever. This Presentation does not take into account, nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Before acting on any information you should consider the appropriateness of the information having regard to these matters, and in particular, you should seek independent financial advice. This Presentation and its contents are confidential and proprietary to the Company and/or its affiliates and no part of it or its subject matter be used, reproduced, copied, distributed, shared, retransmitted, summarised or disseminated, directly or indirectly, to any other person or published in whole or in part for any purpose, in any manner whatsoever.
The information contained in this Presentation is a general background information of the Company and there is no representation that all information relating to the context has been taken care of in the Presentation. We do not assume responsibility to publicly amend, modify or revise any information contained in this Presentation on the basis of any subsequent development, information or events, or otherwise. This Presentation includes certain statements that are, or may be deemed to be, “forward-looking statements” and relate to the Company and its financial position, business strategy, events and courses of action.
Forward-looking statements and financial projections are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements and financial projections. Representative examples of factors that could affect the accuracy of forward looking statements include (without limitation) the condition of and changes in India’s political and economic status, government policies, applicable laws, international and domestic events having a bearing on Company’s business, and such other factors beyond our control.
Forward-looking statements and financial projections include, among other things, statements about: our expectations regarding our transaction volumes, expenses, sales and operations; our future merchant and consumer concentration; our anticipated cash needs, our estimates regarding our capital requirements, our need for additional financing; our ability to anticipate the future needs of our merchants and consumers; our plans for future products and enhancements of existing products; our future growth strategy and growth rate; our future intellectual property; and our anticipated trends and challenges in the markets in which we operate. Forward-looking statements are not guarantees of future performance including those relating to general business plans and strategy, future outlook and growth prospects, and future developments in its businesses and its competitive and regulatory environment. These forward-looking statements represent only the Company’s current intentions, beliefs or expectations, and no representation, warranty or undertaking, express or implied, is made or assurance given that such statements, views, projections or forecasts in the Presentation, if any, are correct or that any objectives specified herein will be achieved.
We, or any of our affiliates, shareholders, directors, employees, or advisors, as such, make no representations or warranties, express or implied, as to, and do not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein and accept no liability whatsoever for any loss, howsoever, arising from any use or reliance on this Presentation or its contents or otherwise arising in connection therewith. The information contained herein is subject to change without any obligation to notify any person of such revisions or change and past performance is not indicative of future results.
This document has not been and will not be reviewed or approved by a regulatory authority in India or by any stock exchange in India. No rights or obligations of any nature are created or shall be deemed to be created by the contents of this Presentation.
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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, supported by structural efficiency initiatives.
Ravi Viswanathan Managing Director
Our ISCS business continued its stellar performance with sustained revenue growth and margin expansion, driven by operational excellence, right-sizing, and right-shoring initiatives. The strategic transformation program, Project One in the UK and Europe, is progressing well and delivering operational and commercial synergies as planned.
In GFS, while the macro environment remains challenging, we are witnessing early signs of recovery with sequential improvement in revenue and profitability. Our calibrated cost and efficiency actions are beginning to yield results, positioning the business for margin recovery in the coming quarters.
Our business development engine remains strong, with ₹6,200 crores of active pipeline and robust new business wins equivalent to 8.1% of Q2 FY25 revenue — reflecting continued customer confidence in our capabilities.
As we move into the second half of the year, our focus remains on sustaining ISCS momentum, profitability, and converting our strong pipeline into consistent, high-quality growth.
improving GFS
With continued execution discipline and cost rigor, we remain confident of delivering on our medium-term goal of 4% PBT by Q4 FY27 and building a stronger, performance-driven TVS Supply Chain Solutions.
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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 ₹ 23 crores. We delivered second consecutive quarter of positive PAT ₹16.3 crores.
R Vaidhyanathan Global CFO
ISCS continues to be the primary growth driver with significant margin expansion to 8.7% from 8.2% in Q2 FY25, while GFS margins remained under pressure from subdued freight rates.
Our strategic cost take-out initiatives across the regions are tracking well as per plan.
A key highlight of the quarter is the sharp improvement in cash flow generation. Our cash flow from operations is at ₹105 crores in H1 FY26 reflecting disciplined working capital management and stronger operating performance.
We continue to strengthen our financial foundation through improved cash discipline and a leaner cost structure to achieve our medium-term goal of 4% PBT.
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/Admin/ADVANCED GRAPHICS/Cover and Template/2022_01/3657108-001_TVS SCS_Divider Options
Q2 & H1FY26
Financial Performance
C O N F I D E N T I A L
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6 2 Y F 2 Q
6 2 Y F 1 H
Financial Snapshot
Revenue
Adj. EBITDA
Adj. PBT before exceptional items
& share of profit from TVS ILP
Reported PBT before
exceptional items
+6.0%
+1.0%
2,513
2,663
177
178
+31.9%
23
+30.8%
23
18
18
Q2 FY25
Q2 FY26
Q2 FY25
Q2 FY26
Q2 FY25
Q2 FY26
Q2 FY25
Q2 FY26
+4.0%
5,052
5,255
362
-2.8%
352
+34.9%
42
31
+590.3%
218
H1 FY25
H1 FY26
H1 FY25
H1 FY26
H1 FY25
H1 FY26
H1 FY25
H1 FY26
32
New Business Win – Q2FY26 INR 204 Crs
Robust BD Pipeline INR 6,200 Crs
Note:
✓ Adj. EBITDA : Adjusted for ESOPS & forex gain/loss, redundancy costs
✓ Adj. PBT : Adjusted for redundancy costs
in INR Cr
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Revenue, Adj EBITDA and Profitability
in INR Cr
e u n e v e R
& A D T I B E . j
d A
n i g r a M
T B P & T B P
. j
d A
n i g r a M
2,513
2,445
2,499
2,592
2,663
+6.0%
+2.7%
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
Q2 FY26
7.0%
177
Q2 FY25
0.7%
18 1 18
Q2 FY25
6.2%
152
Q3 FY25
-ve
3 -16
-14
Q3 FY25
6.5%
161
Q4 FY25
0.7%
18 1 17
6. 7%
173
Q1 FY26
0.7%
196
177
19
6. 7%
178
Q2 FY26
0.9%
24 1 23
Q4 FY25
Q1 FY26
Q2 FY26
Margins
Note: ✓ EBITDA Adjusted for ESOPS & forex gain/loss, one time redundancy costs from Q2FY25 to Q2FY26 ✓ PBT before Exceptional Items & Adjusted for one time redundancy costs ✓ PBT margin computed based on business PBT
Share of Profit from TVS ILP
Business PBT
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e u n e v e R
n i g r a M & A D T I B E . j
d A
Segment wise Revenue and Adj EBITDA
in ₹ Cr
ISCS Segment (In ₹ Cr.)
GFS Segment (In ₹ Cr.)
TVSSCS Consolidated (In ₹ Cr.)
+6.2%
3,744
3,976
-2.2%
1,308
1,279
+8.4%
1,838
1,993
-0.7%
674
670
+4.0%
5,052
5,255
+6.0%
2,513
2,663
Q2 FY25
Q2 FY26
H1 FY25
H1 FY26
Q2 FY25
Q2 FY26
H1 FY25
H1 FY26
Q2 FY25 Q2 FY26
H1 FY25 H1 FY26
8.2%
8.7%
8.5%
8.5%
4.2%
2.2%
3.8%
2.1%
7.0%
6.7%
7.2%
6.7%
+5.7%
320
338
+15.9%
150
174
-44.2%
49
27
-48.0%
28
15
-2.8%
362
352
+1.0%
177
178
Q2 FY25
Q2 FY26
H1 FY25
H1 FY26
Q2 FY25
Q2 FY26
H1 FY25
H1 FY26
Q2 FY25
Q2 FY26
H1 FY25
H1 FY26
Margins
Note: • EBITDA Adjusted for ESOPS, Forex Gain/Loss and redundancy costs • Prior period segment numbers are restated to reflect the change in segment effective Q1 FY 26
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a i d n I
W o R
Geography wise Revenue
in ₹ Cr
ISCS Segment (In ₹ Cr.)
GFS Segment (In ₹ Cr.)
Total (In ₹ Cr.)
+0.1%
1,033
1,034
+1.1%
510
516
+22.2%
404
331
+46.6%
228
156
+5.5%
1,363
1,438
+11.7%
666
744
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%
2,709
2,941
-10.6%
980
876
+3.5%
3,689
3,817
+11.4%
1,326
1,477
-15.2%
521
441
+3.9%
1,847
1,919
Q2 FY25
Q2 FY26
H1 FY25
H1 FY26
Q2 FY25
Q2 FY26
H1 FY25
H1 FY26
Q2 FY25
Q2 FY26
H1 FY25
H1 FY26
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* Net of eliminations
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Revenue Bridge YoY
in ₹ Cr
Revenue bridge: Q2FY25 to Q2FY26 in ₹ Cr
Revenue bridge: H1FY25 to H1FY26 in ₹ Cr
20
74
2,663
5,052
364
16
177
5,255
204
2,513
Q2 FY25
New BD
Price & Volume Growth
Customer Churn
Q2 FY26
H1 FY25
New BD
Price & Volume Growth
Customer Churn
H1 FY26
New Business development translates to 8.1% of Q2FY25 & 7.2% of H1FY25 revenues
Note: Q1 FY26 new business wins have been restated to reflect correct classification of one customer previously reported under volume gains. Accordingly, H1 FY26 bridge reflects updated figures.
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Business development efforts yielding consistent results for Q2 FY26
ISCS
Global leader in
One of the top Indian
Building Technologies (India)
commercial vehicles manufacturer (India)
Integrated solar solutions provider (India)
Global player in energy management and automation (India)
Leading Indian manufacturer of electrical and consumer durables (India)
Top Indian automotive manufacturer (India)
Leading Indian home appliance
manufacturer (India)
Leading Europe based Coffee Equipment manufacturer (UK)
Top Multinational IT Services Company (UK)
Top Global Agri Equipment company (US)
Leading provider of retail and banking technology (UK)
European building materials manufacturer (UK)
GFS
One of the top global
automotive components’
supplier
Multinational industrial technology leader
Asia based industrial
Global components
components manufacturer
and packaging solutions provider
Global specialist in
textile chemicals
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Robust Pipeline gives us the confidence for a double-digit growth
ACCENTS
Key Opportunities in India
Key Opportunities in RoW
Near Term Opportunities
Long gestation opportunities
Warehousing solution to a diversified kitchen and laundry appliance leader
Integrated solution to a global renewable energy turbine manufacturer
Technical solution to a UK based telecom provider
Transportation solution to a top Indian consumer goods company
Integrated solution to a leading Indian electrical and appliances company
Procurement solution to a UK based renewable energy supplier
Sourcing and Procurement solution to a governmental civil protection body
Warehousing solution to a top multinational rail transport solution provider
Integrated solution to an Indian bio products and sweetener manufacturer
Transportation solution to a multinational specialist in building mobility solutions
Forwarding solution to a top global automotive technology supplier
Integrated solution to a defence infrastructure organization
Warehousing solution to an American Electric vehicle manufacturer
Technical solution to a global IT consulting and services company
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Q2 & H1FY26 Profit & Loss Statement
Particulars Revenue from operations
Other Income
Total Income Total material related costs Freight, clearing, forwarding and handling charges Sub-contracting costs Employee Cost Other Expenses Foreign exchange loss/(gain) (net) EBITDA EBITDA Margins (%)
ESOPS
Foreign exchange loss/(gain) (net)
One Time Restructuring Cost
Adjusted EBITDA Adjusted EBITDA Margins (%)
Depreciation of right of use asset
Other depreciation & amortization
EBIT (EBITDA less depreciation)
Finance cost
Interest on lease liabilities
Share of profit/(loss) from TVSILP
Profit before Exceptional Items & Tax
Exceptional Items
Profit before Tax Profit before Tax Margin (%)
Tax
Profit After Tax PAT Margins (%) PAT (before Exceptional items)
Q2FY25 2,512.9
7.1
2,520.0 434.3 745.1 366.1 576.2 215.3 -14.4 190.3 7.6%
0.2
-14.4
0.6
176.7 7.0%
103.9
35.6
50.7
18.1
22.6
0.6
17.8
0.0
17.8 0.7%
7.2
10.6 0.4% 10.6
Q2FY26 2,662.6
11.4
2,674.0 446.3 727.3 369.4 644.4 298.1 -4.3 181.6 6.8%
0.2
-4.3
1.1
178.5 6.7%
95.8
41.3
44.4
18.8
14.6
0.9
23.3
0.0
23.3 0.9%
7.0
16.3 0.6% 16.3
Y-o-Y 6.0%
6.1% 2.8% -2.4% 0.9% 11.8% 38.4% -69.9% -4.6%
1.0%
-12.4%
30.8%
30.8%
53.7%
H1FY25 5,052.3
13.6
5,065.9 923.0 1,478.3 709.5 1,153.1 428.0 -10.9 371.2 7.3%
0.2
-10.9
1.4
362.0 7.2%
204.9
69.9
96.5
35.0
45.2
1.6
31.6
0.0
31.6 0.6%
13.5
18.1 0.4% 18.1
H1FY26 5,254.9
20.1
5,275.1 933.7 1,407.6 746.5 1,263.3 554.9 -9.7 358.7 6.8%
0.3
-9.7
2.3
351.8 6.7%
189.0
78.6
91.1
36.4
34.9
178.1
218.1
91.3
126.8 2.4%
39.3
87.5 1.7% 178.8
Y-o-Y 4.0%
4.1% 1.2% -4.8% 5.2% 9.6% 29.7% -10.9% -3.4%
-2.8%
-5.6%
590.3%
301.4%
383.8%
in ₹ Cr
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Balance Sheet
Assets
Non - Current Assets
Property Plant & Equipment
Right of Use Assets
Goodwill
Other Intangible Assets
Other Non - Current Assets (Net)
Total Non-Current Assets
Current Assets
Inventories
Financial Assets
(i) Trade receivables
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Mar-25
Sep-25
Equity & Liabilities
Total Equity
421.6
482.9 Non-Current Liabilities
1,000.7
955.8 Borrowings
600.6
224.4
344.9
630.2 Lease Liability
178.1 Other Financial Liabilities
524.8 Other non current liabilities
in ₹ Cr
Mar-25
Sep-25
1,835.5
1,976.8
2.6
63.1
863.0
814.1
27.4
23.0
109.6
132.4
2,592.3
2,771.8 Total Non-Current Liabilities
1,002.6
1,032.6
Current Liabilities
381.0
460.6 Borrowings
Lease Liability
1,440.4
1,492.2 Trade Payables
856.8
365.7
978.1
365.5
1,410.5
1,552.6
109.4
177.3
185.1
202.2
2,919.7
3,283.4
5,757.8
6,292.8
(ii) Cash and cash equivalents
544.9
632.1 Other Financial Liabilities
(iii) Bank balances other than cash and cash equivalents
67.2
105.1 Other current liabilities
Other Current Assets
Total Current Assets
Total Assets
732.1
831.0
3,165.5
3,521.0 Total Current Liabilities
5,757.8
6,292.8 Total Equity & Liabilities
Net Debt - ₹ 285.7 Crs as of Sep ’25
*Note – Net debt is Borrowings less cash & bank balances and Bank deposits of more than 12 months part of other assets in the BS
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Cashflow Statement
Particulars Net Profit Before Tax Adjustments for: Non Cash Items / Other Investment or Financial Items Operating profit before working capital changes Changes in working capital Cash generated from/(used in) operations Direct taxes paid (net of refund) Net Cash from Operating Activities (A) Cash from Investing Activities - Net cash used in Capex - Other investing activities Net Cash from Investing Activities (B) Cash from Financing Activities - Payment of principal and interest payments of lease liability - Other financing activities Net Cash from Financing Activities (C) Net Cashflow from discontinued Activities Net Increase/ Decrease in Cash and Cash equivalents (A+B+C) Net foreign exchange difference Add: Cash & Cash equivalents at the beginning of the period Cash & Cash equivalents at the end of the period
H1 FY 25 31.6 324.9 356.5 -246.8 109.7 -30.9 78.8
-36.2 -18.7 -54.8
-244.0 24.2 -219.8
-195.8 16.3 509.4 329.8
H1FY26 126.8 266.2 392.9 -24.3 368.6 -26.7 341.9
-85.0 -36.1 -121.1
-236.9 81.7 -155.2
65.6 21.7 544.9 632.1
Cash from Operations
H1 FY 25 (₹ 165) Crs
H1 FY 26 ₹ 105 Crs
Note: • Cash from Operations = Net cash from operating activities Less Payment of principal and interest payments of lease liability
in ₹ Cr
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Restated segment numbers
FY25
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in INR Cr
Restated FY25 numbers aligning with new segment structure
Revenue
Q1
Q2
As is
Q3
Q4
FY25
Revenue
Restated
Q1
Q2
Q3
Q4
FY25
Revenue by segment
ISCS
NS
1,425.9
1,348.5
1,301.2
1,421.0
5,496.5
1,113.5
1,164.4
1,143.5
1,077.9
4,499.2
ISCS
GFS
1,905.6
1,838.5
1,827.4
1,943.4
7,514.9
633.8
674.4
617.2
555.4
2,480.8
Consol
2,539.4
2,512.9
2,444.6
2,498.8
9,995.7
Consol
2,539.4
2,512.9
2,444.6
2,498.8
9,995.7
Adj. EBITDA*
Q1
Q2
As is
Q3
Q4
FY25
Q1
Q2
Q3
Q4
FY25
Adj. EBITDA*
Restated
Adjusted EBITDA by segment
ISCS
138.3
149.1
114.1
122.0
523.5
ISCS
169.5
150.0
148.2
164.7
632.5
Adj EBITDA %
NS
Adj EBITDA %
9.7%
50.6
4.5%
11.1%
27.4
2.4%
8.8%
44.0
3.8%
8.6%
54.5
5.1%
9.5%
176.5
3.9%
Adj EBITDA %
GFS
Adj EBITDA %
8.9%
21.0
3.3%
8.2%
28.2
4.2%
8.1%
11.5
1.9%
8.5%
8.7
1.6%
8.4%
69.4
2.8%
Consol
185.3
176.7
151.9
161.4
675.3
Consol
185.3
176.7
151.9
161.4
675.3
Adj EBITDA %
7.3%
7.0%
6.2%
6.5%
6.8%
Adj EBITDA %
7.3%
7.0%
6.2%
6.5%
6.8%
*Adjusted for ESOPS, Forex Gain/Loss and redundancy costs incurred in respective quarters
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C O N F I D E N T I A L
Company Overview
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A tech-driven ISCS with end to end capabilities…
Msys
Visibility
i-ex
Analytics
Product data | Inventory | Procurement
Warehouse management
Transport
Business Intelligence
Sourcing & Procurement
Integrated Transportation
Logistics Operation Centre
In-Plant Logistics Operations
FG & AM Spares Fulfillment
Closed-Loop Logistics & Support
Master Data, e-Catalog, Forecasting & Procurement
Planning & Optimization
Production Support & In-Plant Logistics
Inventory Planning & Optimization, Line Side Delivery
Control Centre & Tracking
Spares, Breakfix, Refurb & Engg. Support
Secondary Transportation
Courier & Consignment Management
Warehouse automation & robotics
Vision technology
IoT
Process Automation
19
…And a reliable and efficient GFS…
Global Expertise
E-Connect advantage
Smooth customs clearance
Assured space management
Cost effective shipping
Ocean freight
Air freight
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…with a global business headquartered in India…
ACCENTS
We are present across India
And globally across four continents
Europe
Asia Pacific (incl Oceana)
Jammu and Kashmir
Punjab
Himachal Pradesh
Uttarakhand
Haryana
Delhi
Arunachal Pradesh
Sikkim
Rajasthan
Uttar Pradesh
Assam
Bihar
Gujarat
Madhya Pradesh
Jharkhand
Meghalaya
Tripura
Nagaland
Manipur
Mizoram
Maharashtra
Chhattisgarh
Odisha
West Bengal
Telangana
Goa
Andhra Pradesh
Karnataka
Pondicherry
Tamil Nadu
Kerala
After market warehouse In-plant warehousing Dedicated consumer product & retail warehouse Multi-client facilities Forward stocking location National distribution centre Centre of Excellence (“CoE”) Global control tower
Total warehouse space: 19.9 Mn sft No. of permanent employees: 13,012
Total warehouse space: 2.1 Mn sft No. of permanent employees: 2,571
Total warehouse space: 1.3 Mn sft No. of permanent employees: 734
North America
Total warehouse space: 1.4 Mn sft No. of permanent employees: 484
Note: Warehouse space and employee count data as of 31 Mar 2025
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…and Experienced Management Team
Management Team
R. Dinesh Executive Chairman
Ravi Viswanathan Managing Director
R Vaidhyanathan Global CFO
Regional CEOs
Global Functional leads
Kameswaran Sukumar CEO, India, Middle East & Africa Business
Richard Vieites CEO, Europe & North America Business
Jonathan Croydon EVP, UK & Europe Business
Siddharth Jairaj CEO, APAC Region & GFS Business
Ethirajan Balaji Global CHRO
Dinesh Narayan Global CIO & Legal
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Strategies for Growth : 3C Approach
We identify opportunities using the ‘C3 Framework’ in the three C’s - Customer, Capability and Country
1
CUSTOMER
2
3
CAPABILITIES
COUNTRY
✓ Deepen our customer relationships
✓ Acquire New Customers
✓ Continued innovation and investment in
technology
✓ Continued focus on delivering value- added solutions and building end-to-end Capabilities
✓ Continue to invest in team, talent, and
partners
✓ Leverage our global network to expand
into new markets
✓ Deepen presence in a country
✓ Continue to grow our global platform through targeted inorganic opportunities
We started with offering single service to a customer and subsequently we have been able to expand this relationship and started to offer bundle of services to them across regions
We have added multiple capabilities over the years in order to continue to enhance our customers supply chain and achieve higher efficiency in our operations throughout the whole supply chain
Over the years we have expanded our geographical presence enabling us to accelerate growth, realize higher revenue and cost synergies and increase margins
Our strategy revolves around ENCIRCLEMENT which focuses on increasing the wallet share of existing customers by generating incremental business by increasing the scope of our services
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Our Medium-Term Outlook
Profit Before Tax Margin (%)
Medium Term Goals
Industry Best-in-Class*
1.9%
4.0%
1.2%
PBT Margin: 8 - 11%
0.4%
0.5%
Q4 FY 25
IFM turnaround
Project One
Operating Leverage
Q4 FY 27
*Profile of Global Peers
24
Our Growth Vision
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Deep Domain Expertise
Global Network
Proprietary Technology
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Region wise segmental historical Overview
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ISCS Outperforming the GDP growth Regionally
in ₹ Cr
De-coupled to GDP growth
Continued Revenue Momentum
Consolidated ISCS Revenue
+13.0%
6,263
7,042
7,515
5,420
4,607
FY21
FY22
FY23
FY24
FY25
Our ISCS business has
outperformed the GDP growth in the market we operate and has
grown at a CAGR of 13.0%
between FY21 & FY25
Consolidated Industry Wise Breakup
26%
17%
28%
9% 1%
4%
16%
FY21
21%
26%
16%
14% 10% 11%
FY25
2%
Industrial
Automotive
Rail and Utilities
Healthcare
Tech and Tech Infra
Others
Consumer
Note - Prior period numbers are restated to reflect the change in segment effective Q1 FY 26
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ISCS – India Business
ISCS India Revenue
India GDP & Manufacturing Growth
+11.6%
2,042
2,145
2,067
1,617
1,331
FY21
FY22
FY23
FY24
FY25
10
5
0
PMI
GDP
9.7%
55.4
54.0
7.0%
56.4
7.8%
59.1
6.8%
58.1
6.3%
Mar-21
Mar-22
Mar-23
Mar-24
Mar-25
60
40
20
0
-20
De-Risking with Diversification
Key KPI
17%
44%
14%
19%
2%
4%
FY21
17%
46%
11%
18%
5%
4%
FY25
Industrial
Tech and Tech Infra
Rail and Utilities
Automotive
Consumer
Others
Top 20 Customers Average length of contracts 3.9 Years in FY25
Addition of new contracts & wallet share addition has enhanced the avg. revenue per contract by ~13% CAGR in FY25 over FY21
in ₹ Cr
ISCS India business grew by 11.6% CAGR over the last 4 years, outperforming
the India GDP growth
Outlook :
Strategic portfolio realignment
marginally impacted top line, but drives stronger bottom-line margins;
FY26 to see strong growth momentum
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ISCS – North America Business
ISCS North America Revenue
US GDP & Manufacturing Growth
+20.3%
706
796
992
474
376
FY21
FY22
FY23
FY24
FY25
PMI
GDP
59.1
58.8
51.9
49.2
50.2
5.8%
1.9%
2.5%
2.7%
1.9%
Mar-21
Mar-22
Mar-23
Mar-24
Mar-25
10
5
0
60
40
20
0
-20
De-Risking with Diversification
Key KPI
11%
78%
10%
0%
FY21
56%
40%
4%
0%
FY25
Industrial
Automotive
Consumer
Others
Top 20 Customers Average length of contracts 4.2 Years in FY25
Addition of new contracts & wallet share addition has enhanced the avg. revenue per contract by ~33% CAGR in FY25 over FY21
in ₹ Cr
ISCS North America business grew by 20.3% CAGR over the last 4 years, outperforming the US GDP growth
Outlook :
We have witnessed strong and consistent growth in our North
America business. With continued
momentum, we expect this trajectory
to sustain through FY26, further strengthening our global portfolio
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ISCS – Europe Business
ISCS Europe Revenue
UK GDP & Manufacturing Growth
+14.4%
1,874
2,348
2,437
1,770
1,423
FY21
FY22
FY23
FY24
FY25
PMI
GDP
58.9
55.8
50.3
47.9
44.9
8.7%
4.8%
0.4%
1.1%
1.7%
Mar-21
Mar-22
Mar-23
Mar-24
Mar-25
10
5
0
60
40
20
0
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De-Risking with Diversification
Key KPI
5%
22%
19%
33%
21%
FY21
4%
23%
26%
27%
21%
FY25
Top 20 Customers Average length of contracts 7.0 Years in FY25
Addition of new contracts & wallet share addition has enhanced the avg. revenue per contract by ~16% CAGR in FY25 over FY21
in ₹ Cr
ISCS Europe business grew by 14.4% CAGR over the last 4 years, outperforming
the UK GDP growth
Outlook :
Europe has consistently delivered
growth every year. Setback in Q3 FY25
performance is a one-off event
Industrial
Automotive
Consumer
Rail and Utilities
Others
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IFM Performance
Countries
9
Customers
1,092
Revenue
₹1,852 Crs
FY25
Demonstrated Growth in Revenues*
+7.2%
1,679
1,682
1,802
1,852
1,403
FY21
FY22
FY23
FY24
FY25
Diversified across industries
New Order Wins Continue...
38.8%
20.3%
16.9%
9.7% 7.9% 6.4% FY21
42.0%
23.9%
10.1% 6.3%
12.4%
FY25
5.4%
Technology
Logistics Services
Telecom
Industrial
Financial Services
Others
✓ New order wins for FY25 were strong,
amounting to 36% of our FY21 revenues, reflecting continued growth momentum and successful customer acquisition.
✓ Additionally, we undertook price increases with
significant number of customers during the year, supporting our margin improvement efforts and reinforcing the value we deliver across our services.
Key Highlights
✓Successfully turned around operations by Q4FY25 led by cost
efficiencies and price increases with
customers
✓Revenue continues to be steady on account of new business
development and encirclement
Outlook
Upward growth momentum in both revenue and profitability to continue
driven by operational efficiencies
*Prior period financials presented for Continuing Operations; post classification of Circle Express as discontinued business
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248
158
168
177
221
228
177
33
37
41
204
222
238
GFS Performance
Revenue from Operations with Impact due to Pricing
World Container Index ($ per 40ft. Container)
3,679
1,074
2,605
3,821
834
2,987
2,169 0
2,169
FY21
FY22
FY23
2,239
2,388
-149
FY24
2,481 195
2,286
FY25
Impact on account of Pricing
Revenue (ex. of pricing)
12000
10000
8000
6000
4000
2000
0
Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23 Mar-24 Sep-24 Mar-25
Volumes
95,678
1,07,576
1,07,278
83,504
91,608
20,946
24,707
30,598
26,458
22,709
FY21
FY22
FY23
FY24
FY25
Ocean (In TEU)
Air (In Ton)
Outlook
1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0.0
✓ The GFS segment continues to be sensitive to broader macroeconomic fluctuations, which may impact pricing and demand dynamics
✓ Targeted cost reduction initiatives have been implemented to these challenges and will continue to be partially offset implemented, helping to preserve margin stability and enhance business resilience
Note – FY 25 numbers are restated to reflect the change in segment effective Q1 FY 26
32
COLOR PALETTE
Text
33 37 41
Title bar/Bullets
204 222 238
ACCENTS
1
2
3
4
5
6
0
65
120
0
139
201
9
167
156
109
124
255
156
48
128
204
222
238
33
37
41
166
182
64
Hyperlink
Followed
Hyperlink
TABLE
Lines
Highlights
99
183
255
131
217
255
114
248
239
197
203
255
226
161
209
235
242
248
158
168
177
221
228
177
33
37
41
204
222
238
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 2.00%
Rail and Utilities 7.89%
Consumer 12.75%
Industrial 29.14%
13.2
13.6
Tech and Tech Infra 12.82%
Automotive 24.93%
ISCS
GFS
No. of Fortune 500 customers
FY22
61
FY23
72
FY24
78
FY25
91
33
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
For updates and specific queries, please visit
www.tvsscs.com
Mr. Sagar Shroff / Mr. Ayush Haria
Email: sagar.shroff@sgapl.net / ayush.haria@sgapl.net
+91 98205 19303 / +91 98204 62966