TVS Supply Chain Solutions’s consolidated net loss widens to Rs 65.3 crore in Q1FY24

| Leave a Comment | Stocks

Shares of TVS Supply Chain Solutions slumped 6% in morning trade on September 12 after the company’s consolidated net loss widened to Rs 65.3 crore during the first quarter of the current financial year.

The company had posted a net loss of Rs 1.8 crore in the year-ago period, and a loss of Rs 12.34 crore in the preceding quarter ended March 2023.

The company’s revenue from operations during the quarter came in at Rs 2,342.4 crore, down 12.4% from Rs 2,675.5 crore during the first quarter of FY23.

The company’s Integrated Supply Chain Solutions (ISCS) segment revenue was Rs 1,318.9 crore, up 20.1% year-on-year. ISCS segment revenue grew in all geographies (India, Europe, North America) both sequentially and year-on-year.

The company’s Network Solutions segment revenue was Rs 1,023.5 crore, down 20.4% year-on-year. The decline was due to the temporary closure of certain facilities in India due to the COVID-19 pandemic.

The company’s expenses during the quarter increased by 11.2% to Rs 2,954.7 crore. The increase in expenses was mainly due to higher employee costs and transportation costs.

The company’s board of directors has recommended a dividend of Rs 0.25 per share for the first quarter of FY24.

Experts’ views

Analysts say that the widening of the company’s net loss was due to the temporary closure of certain facilities in India due to the COVID-19 pandemic. They expect the company’s performance to improve in the coming quarters as the pandemic situation improves.


TVS Supply Chain Solutions is a leading integrated supply chain solutions provider. The company has a strong presence in India, Europe, and North America. The company is well-positioned to benefit from the increasing outsourcing of supply chain activities.

The company’s management is confident of achieving its growth targets in the coming years. The company is targeting revenue of Rs 10,000 crore by FY26.


Related News

  • 22 Sep

    NBCC shares trade higher on Rs 100 crore work order from SAIL

    NBCC shares were trading 3 percent higher on September 22 after the company announced having bagged a work order worth Rs 100 crore from SAIL. This is the fourth order-win announced by the company in this month, the total value of the same being Rs 450 crore. NBCC is a public sector undertaking engaged in the business of construction and real estate development. The company specializes in providing project management, consultancy and engineering services for civil construction, infrastructure development, and real estate projects.

  • 22 Sep

    Glenmark Pharma stock falls on stake sale in Glenmark Life Sciences

    Glenmark Pharma stock fell after the company announced it would sell a 75% stake in its subsidiary Glenmark Life Sciences to Nirma. Analysts expect the stake sale to benefit Glenmark Pharma, as it will transition from a net debt position to a cash surplus position. This is expected to have a positive impact on the company's return ratios over the next two to three years.

  • 22 Sep

    Berger Paints Shares Hit 52-Week High After Turning Ex-Bonus

    Berger Paints shares surged 6% to hit a 52-week high after turning ex-bonus on the record date for the issue of bonus shares in the ratio 1:5. The company posted a net profit of Rs 326.3 crore in the April-June quarter of FY24, up 39% year-on-year, on revenue of Rs 2,739.7 crore, up 10% year-on-year. The company expects to get net cash positive by the end of this fiscal year and expects to end the year with double-digit revenue growth on strong demand outlook.

  • 22 Sep

    Market Update for September 22, 2023

    IdeaForge Tech up 3.4% on order RVNL up 3% on highway MoU JSW Steel up 0.4% on sale ICICI Lombard down 1.6% on CEO exit ICICI Bank down 1% on healthcare investment NHPC up 1.3% on extended additional charge Kalyani Forge up 3.2% on new MD IRB Infra up 2.5% on road project closure

  • 22 Sep

    Lux Industries Shares Down 3% After Income Tax Raid

    Lux Industries shares fell 3% on September 22 after news emerged that the Income Tax department had conducted searches at the company's premises in Kolkata and alleged a tax evasion of Rs 200 crore. The company has confirmed the searches and is extending full support.

Leave a Reply

Your email address will not be published. Required fields are marked *