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Hot Pursuit News

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(28 May 2024, 15:04)

TVS Supply Chain records turnaround Q4 numbers

TVS Supply Chain Solutions reported consolidated net profit of Rs 5.38 crore in Q4 FY24 as against a net loss of Rs 12.35 crore posted in corresponding quarter last year.

Revenue from operations increased 4.50% to Rs 2,426.31 crore in Q4 FY24 as compared with Rs 2,321.61 crore in Q4 FY23. The normalization of freight rates and continuous growth in the ISCS segment have helped achieve this topline growth.

Profit before tax was at Rs 4.94 crore in Q4 FY24 as against a loss before tax of Rs 16.51 crore in the corresponding period last year.

Adjusted EBITDA stood at Rs 174.5 crore in Q4 FY24, registering the growth of 2.2% as compared with Rs 170.8 crore in Q4 FY23. Adjusted EBITDA margin stood at 7.2% in Q4 FY24 as against 7.4% in Q4 FY23.

Revenue from Integrated Supply Chain Solutions segment (ISCS) was Rs 1,379.5 crore, up 9.9% YoY from Rs 1,255.2 crore in Q4 FY23. This growth was driven through a combination of new customer additions, encircl...

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