TVS Supply Chain Solutions (TVSSCS) Q4 23/24 earnings summary

Executive summary

• Audited consolidated and standalone results for the quarter and year ended March 31, 2024, were approved and found to present a true and fair view in accordance with Indian Accounting Standards and SEBI regulations.

• The company completed its IPO in August 2023, raising ₹600 crore, with proceeds used primarily for debt repayment and general corporate purposes.

Financial highlights

• Consolidated revenue from operations for FY24 was ₹9,199.98 crore, down from ₹9,994.38 crore in FY23; Q4 FY24 revenue was ₹2,426.31 crore.

• Consolidated net loss for FY24 was ₹90.49 crore, compared to a profit of ₹41.76 crore in FY23; Q4 FY24 profit was ₹5.38 crore.

• Standalone revenue for FY24 was ₹2,139.65 crore, up from ₹1,978.44 crore in FY23; standalone net profit for FY24 was ₹105.45 crore, compared to a loss of ₹29.26 crore in FY23.

• EBITDA for FY24 (consolidated) was ₹710.14 crore, up from ₹685.12 crore in FY23.

• EPS (consolidated) for FY24 was (₹2.40), compared to ₹1.04 in FY23.

Outlook and guidance

• Management emphasized ongoing focus on operational efficiency and leveraging IPO proceeds for strategic growth and debt reduction.