TVS Supply Chain Solutions Limited

rs,

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 Exchang

₹6,200 crore

s 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

8.1%

ne 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

4%

d 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. 3 From the

6%

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 ₹

₹2,663 crore

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 secon

₹178 crore

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

₹ 23 crore

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

₹16.3 crore

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 marg

8.7%

han 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 st

8.2%

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 co

₹105 crore

f 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.

“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% 178 Q2 FY26 0.9% 24 1 23 Q4 FY25 Q1 FY26 Q2 FY26 Margins”

“Accordingly, H1 FY26 bridge reflects updated figures.”

“EBITDA* Q1 Q2 As is Q3 Q4 FY25 Q1 Q2 Q3 Q4 FY25 Adj.”

“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”

“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”

“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”

“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.”

“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.”

“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.”

Note

4

Outlook

3

PBT Margin

1

Note

✓ Adj. EBITDA : Adjusted for ESOPS & forex gain/loss, redundancy costs ✓ Adj. PBT : Adjusted for redundancy costs in INR Cr 6 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 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 7 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 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%

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 8 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 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 Note

Note

• Cash from Operations = Net cash from operating activities Less Payment of principal and interest payments of lease liability in ₹ Cr 15 /Admin/ADVANCED GRAPHICS/Cover and Template/2022_01/3657108-001_TVS SCS_Divider Options C O N F I D E N T I A L Restated segment numbers FY25 16 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 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 2,51

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 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 Deep Domain Expertise Global Network Proprietary Technology 25 /Admin/ADVANCED GRAPHICS/Cover and Template/2022_01/3657108-001_TVS SCS_Divider Options C O N F I D E N T I A L Region wise segmental historical Overview 26 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

Outlook

Strategic portfolio realignment marginally impacted top line, but drives stronger bottom-line margins; FY26 to see strong growth momentum 28 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 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