Chennai, TVS Supply Chain Solutions Ltd has reported a consolidated profit after tax of Rs 5.38 crore for the January-March 2024 quarter.
The city-based integrated supply chain solutions company had reported a consolidated net loss of Rs 12.35 crore in the same quarter last year.
The company has reported a consolidated net loss of Rs 90.49 crore for the year ending March 31, 2024, compared to a net profit of Rs 41.76 crore last year.
On a consolidated basis, total income for the quarter under review increased to Rs 2,433.06 crore from Rs 2,332.53 crore in the same quarter last year.
For the year ending March 31, 2024, consolidated total income margin fell to Rs 9,254.83 crore from Rs 10,070.01 crore a year ago.In a statement on Tuesday, the company said the integrated supply tea solutions segment reported quarterly revenue of Rs 1,379.5 crore, a growth of 8.4 per cent quarter-on-quarter and 9.9 per cent year-on-year.
The company said in a statement that the growth was driven by a combination of new customer additions, capture (additional wallet share with existing customers) and continued diversification of the regional base of customers.
The integrated supply chain solutions segment reported revenue of Rs 5,240 crore for the year ending March 31, 2024, registering a growth of 14. per cent year-on-year.
Commenting on the financial performance, the company's Global CFO Ravi Prakash Bhagwathula said, “Our financial performance for Q4FY24 is a result of continued cost optimisation, digitalisation and operational efficiency measures, which have led to margin expansion by 80 basis points. It has been increased and it has been achieved." You will get full benefit of the company's debt reduction efforts.,
"These measures have laid the necessary foundation to pursue our medium-term goals," he said.
“The quarterly and annual results reflect consistent growth in the ISCS segment and strong resilience in the NS segment despite major headwinds,” said Ravi Vishwanathan, Managing Director, TVS Supply Chain Solutions Ltd.
"We have made great strides in our cross-selling and custom acquisition strategy and have significantly expanded our footprint into Fortune 500 clients," he said.
He said, “Our technology-based solutions are differentiating us in the market as we look to deploy AI at scale in our customer engagements in the United States, Europe and India."
The city-based integrated supply chain solutions company had reported a consolidated net loss of Rs 12.35 crore in the same quarter last year.
The company has reported a consolidated net loss of Rs 90.49 crore for the year ending March 31, 2024, compared to a net profit of Rs 41.76 crore last year.
On a consolidated basis, total income for the quarter under review increased to Rs 2,433.06 crore from Rs 2,332.53 crore in the same quarter last year.
For the year ending March 31, 2024, consolidated total income margin fell to Rs 9,254.83 crore from Rs 10,070.01 crore a year ago.In a statement on Tuesday, the company said the integrated supply tea solutions segment reported quarterly revenue of Rs 1,379.5 crore, a growth of 8.4 per cent quarter-on-quarter and 9.9 per cent year-on-year.
The company said in a statement that the growth was driven by a combination of new customer additions, capture (additional wallet share with existing customers) and continued diversification of the regional base of customers.
The integrated supply chain solutions segment reported revenue of Rs 5,240 crore for the year ending March 31, 2024, registering a growth of 14. per cent year-on-year.
Commenting on the financial performance, the company's Global CFO Ravi Prakash Bhagwathula said, “Our financial performance for Q4FY24 is a result of continued cost optimisation, digitalisation and operational efficiency measures, which have led to margin expansion by 80 basis points. It has been increased and it has been achieved." You will get full benefit of the company's debt reduction efforts.,
"These measures have laid the necessary foundation to pursue our medium-term goals," he said.
“The quarterly and annual results reflect consistent growth in the ISCS segment and strong resilience in the NS segment despite major headwinds,” said Ravi Vishwanathan, Managing Director, TVS Supply Chain Solutions Ltd.
"We have made great strides in our cross-selling and custom acquisition strategy and have significantly expanded our footprint into Fortune 500 clients," he said.
He said, “Our technology-based solutions are differentiating us in the market as we look to deploy AI at scale in our customer engagements in the United States, Europe and India."
