Chennai: TVS Supply Chain Solutions (TVS SCS), which returned to profitability in the third quarter of FY26, is witnessing a steady expansion in its business development pipeline alongside strong traction in new order wins. The company posted a net profit of Rs 11.19 crore, compared with a loss of Rs 23.8 crore a year ago. Its overall pipeline expanded from Rs 4,500 crore in Q3 FY25 to Rs 5,250 crore in Q4 FY25, and further to Rs 6,300 crore in Q3 FY26, providing strong revenue visibility for the coming quarters.
Revenue from new business wins surged to Rs 319 crore in Q3 FY26, up from Rs 204 crore in Q2 FY26 and Rs 160 crore in Q1 FY26. The figure also surpassed the previous peak of Rs 280 crore recorded in Q2 FY25. “We continued to build strong traction in new business development during the quarter. In Q3, we generated revenue of over Rs 319 crore from new business wins, representing 13% of our Q3 FY25 revenue,” said Ravi Viswanathan, managing director, TVS SCS. For 9MFY26, revenue from new business wins stood at Rs 683 crore, accounting for 9.1% of nine-month FY25 revenue. The company said it has built a healthy and diversified funnel across India, Europe and North America. TVS SCS operates through two key segments — Integrated Supply Chain Solutions (ISCS) and Global Forwarding Solutions (GFS) — across Asia, Europe, North America and Oceania. In Q3 FY26, ISCS accounted for 73% of total revenue of Rs 2,716 crore, while GFS contributed 27%.The company expects global trade developments to support its forwarding business. “With the US trade deal expected to commence in phases from March, and progress on the European FTA, we believe the global forwarding business could stabilise in the next fiscal year. That said, we remain cautiously optimistic on GFS while remaining very confident about the growth momentum in the ISCS segment, both in India and globally,” he said.
