TVS Supply Chain files additions to DRHP as it turns profitable in H1 | Tech Reddy

In the first six months of the current fiscal, TVS Supply Chain Solutions’ revenue jumped 27.8 percent to Rs 5,419 crore.

Mumbai: TVS Supply Chain Solutions, which wants to raise about Rs 4,000 crore through a share sale, on Friday submitted an addendum to the DRHP filed with markets regulator Sebi in February.

TVS Supply Chain, which is present in more than 25 countries and serves more than 60 Fortune 500 companies, is among the largest players in terms of revenue.

In the first six months of the current fiscal, its revenue jumped 27.8 percent to Rs 5,419 crore where it posted a profit of Rs 38.05 crore against a loss of Rs 57.8 crore last year, according to a filing. and Sebi.

Its operating profit continued to show a strong trajectory, generating Rs 332 crore in H1FY23 and Rs 613 crore in FY22.

Revenue for FY22 was Rs 9,250 crore, which jumped 33.4 percent from Rs 6,934 crore in FY21 and recorded losses to Rs 44.9 and 73.9 billion respectively.

It also said revenue from domestic operations grew 52.3 percent to Rs 1,627 crore, while global revenue jumped 19.6 percent to Rs 3,792 million despite a slowdown in global markets.

The company filed for DRHP in February to release at least Rs 4,000 crore in the market. The appendix includes financial details for FY22 and H1FY23.

Over the past 15 years, the company has managed large and complex supply chains across multiple industries around the world and in select global markets through customized technology solutions.

The IPO consists of a fresh issue of shares worth Rs 2,000 crore and a retail sale of up to 5.95 per share. Existing investors such as Tata Capital and Gateway Partners, as well as selected investors will offer their shares to OFS.