TVS SCS clocks consolidated Q2 net loss of Rs 30 crore

TVS Supply Chain Solutions (TVS SCS) reported a net loss of Rs 30 crore in the second quarter, compared to a loss of Rs 51 crore in Q1. “On a consolidated basis, Q2 EBITDA margins expanded 100 bps YoY as margin expansion in the Integrated Supply Chain Solutions (ISCS) segment helped balance the Network Solutions (NS) segment,” the company said in a statement. “Consistent margins and decrease in interest expenses helped narrow the loss before tax and exceptional items to Rs 4.5 crore from a loss of Rs 10.7 crore in Q1 FY24.”

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