TVS Supply Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹2,716Cr
- +11.1% YoY
- +2% QoQ
- Net profit
- ₹11Cr
- Turned profitable YoY
- −31.2% QoQ
- Margin
- 8%
- +2 pp YoY
- +1 pp QoQ
The short version
TVS Supply Chain Solutions targets double-digit revenue growth, focusing on both ISCS and GFS segments. TVS Supply Chain Solutions aims for continued double-digit revenue growth driven by strong new business wins and pipeline across India, Europe, and North America.
From TVS Supply's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- TVS Supply Chain Solutions targets double-digit revenue growth, focusing on both ISCS and GFS segments.
- FY '27 outlook remains positive, with the company confident about achieving a 4% PBT margin.
- Strong and diversified sales pipeline of approximately INR6,300 crores supports revenue visibility.
- Growth in the ISCS segment is expected from India, Europe, and North America.
- GFS segment saw significant volume growth in Q3 FY26 (ocean freight up ~29.6%, air freight up ~18.7% YoY) and is anticipated to revive in FY '27 as macroeconomic conditions improve.
- New customer additions in ISCS (hundreds) and GFS (thousands) sectors are expected.
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Profitability & Margins
TVS Supply Chain Solutions aims for continued double-digit revenue growth driven by strong new business…
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Capital Expenditure Plans
- Capex spending is about 1.1% of revenue and expected to continue at this level, primarily for new projects as in previous years.
- No concrete plans for large organic capex or inorganic spend currently, other than the recent acquisition of Swamy & Sons.
- Acquisition of Swamy & Sons is a key inorganic strategic investment to strengthen presence in FMCG and consumption-led supply chain space in India; fully funded through internal accruals and expected to be EBITDA, PBT, and ROCE accretive.
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Fundraising & Capital Structure
No concrete plans for large organic capex or inorganic spend beyond current activities.
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Order Book & Pipeline
- The overall order pipeline stands strong at approximately INR 6,300 crores, providing clear revenue visibility for the coming quarters.
- Revenue from new business wins in Q3 FY26 was over INR 319 crores, representing 13% of Q3 FY25 revenue.
- For the first 9 months of FY26, revenue from new business wins totaled INR 683 crores, about 9.1% of the 9-month FY25 revenue.
- The company maintains a healthy and diversified funnel of opportunities across India, Europe, and North America.
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TVS Supply — Quarterly revenue & net profit
TVS Supply Q3 FY26 results — key figures
| ₹ Cr | Q3 FY26 | Q3 FY25 | YoY | Q2 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 2,716 | 2,445 | +11.1% | 2,663 | +2% |
| Operating profit (EBITDA) | 206 | 151 | +36.4% | 182 | +13.2% |
| Operating margin | 8% | 6% | +2 pp | 7% | +1 pp |
| Profit before tax | 16 | -15 | — | 23 | -30.4% |
| Net profit (PAT) | 11 | -24 | — | 16 | -31.2% |
| EPS (₹) | 0.24 | -0.56 | — | 0.35 | -31.4% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹3.0K Cr, net profit ₹18 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What TVS Supply's management said in earlier quarters
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- Ashwini Container Movers (Q3 FY26)
Revenue for H1FY26 is ₹54.9 Cr, compared to ₹78.77 Cr for FY24, indicating a partial year figure rather than direct YoY quarterly comparison. Key investor prese
- Accuracy Shipping (Q3 FY26)
Q3 FY26 revenue from operations: ₹157.5 crore, down 38.0% YoY from ₹254.2 crore in Q3 FY25. Key investor presentation takeaways from Accuracy Shipping's Q3 FY26
- Sadhav Shipping (Q3 FY26)
For Q3 FY26, Revenue from operations is ₹28.2 crore with an EBITDA margin of 20.8%. Key investor presentation takeaways from Sadhav Shipping Ltd's Q3 FY26 inves
Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were TVS Supply Q3 FY26 results?
TVS Supply Chain Solutions targets double-digit revenue growth, focusing on both ISCS and GFS segments. TVS Supply Chain Solutions aims for continued double-digit revenue growth driven by strong new business wins and pipeline across India, Europe, and North America.
What is TVS Supply share price analysis?
TVS Supply currently shows a neutral. The stock trades at a P/E of 75.6 with a market cap of ₹5,358 Cr. Investors should review the full earnings analysis for detailed insights.
Is TVS Supply planning capital expenditure?
Capex spending is about 1.1% of revenue and expected to continue at this level, primarily for new projects as in previous years.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.