TVS Supply Chain Solutions Q1 loss at Rs 65cr

Revenue from operations dropped 12% to Rs 2,342 crore and adjusted EBITDA was up 7% to Rs 179 crore.
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We are witnessing a trend of increasing outsourcing of supply chain activities across industries that are resulting in expansion of existing engagements and a strong pipeline of new opportunities. This trend is a tailwind for growth of the ISCS segment where we have strong demand drivers in all geographies that we are present: Ravi Viswanathan, TVS Supply Chain Solutions
Our growth in the ISCS segment balanced the impact of subdued freight rates and delay in volume uptake in ocean and air freight. Our focus was on operational efficiency and cost reduction initiatives, resulting in expansion of adjusted EBITDA margins by 140 bps YoY: Ravi Prakash Bhagavathula, TVS Supply Chain Solutions
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