TVS Supply Chain Solutions (TVSSCS) Q4 22/23 earnings summary

Executive summary

• FY23 consolidated revenue reached a record ₹10,235.38 crore, up 10.7% YoY; EBITDA was a record ₹693 crore and PAT was ₹41.76 crore versus a ₹47.40 crore loss in FY22.

• Consolidated profit contrasted with a standalone loss after tax of ₹29.26 crore; consolidated profit before tax was ₹40.05 crore.

Financial highlights

• Consolidated revenue from operations was ₹10,235.38 crore versus ₹9,249.79 crore in FY22; total income was ₹10,311.01 crore.

• Consolidated profit before tax from continuing operations was ₹40.05 crore versus ₹11.14 crore in FY22; PAT from continuing operations was ₹41.76 crore versus a ₹46.48 crore loss.

• A ₹10 crore exceptional charge for legacy IPO costs was recognized; consolidated total comprehensive income was a loss of ₹8.89 crore, including negative OCI.

Outlook and guidance

• Business development initiatives target new customer wins and additional services for existing customers to support turnover and profits in coming years.

• Nearly 20% of customer proposals called for supply-chain technology transformation, pointing to demand for tech-enabled solutions.