TVSSCS2023-10-012023-12-31 TVSSCS2023-10-012023-12-31 TVSSCS2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member TVSSCS2023-10-012023-12-31in-bse-fin:OneOperatingExpenses02Member TVSSCS2023-10-012023-12-31in-bse-fin:OneOperatingExpenses03Member TVSSCS2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member TVSSCS2023-10-012023-12-31in-bse-fin:FourOperatingExpenses02Member TVSSCS2023-10-012023-12-31in-bse-fin:FourOperatingExpenses03Member TVSSCS2023-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543965 TVSSCS NOTLISTED Tvs Supply Chain Solutions Limited Equity 2023-04-01 2024-03-31 2024-02-05 2024-01-25 INR Crores Third quarter 18:00:00 21:00:00 2024-02-05 2024-02-05 Not applicable Single segment INTEGRATED SUPPLY CHAIN SOLUTIONS 2023-10-01 2023-12-31 Unaudited Standalone 4718900000.00 642600000.00 5361500000.00 0.00 0.00 0.00 1210900000.00 96800000.00 524100000.00 3061100000.00 4892900000.00 468600000.00 0.00 468600000.00 112200000.00 -1500000.00 110700000.00 0.00 357900000.00 0.00 0.00 0.00 0.00 357900000.00 -5900000.00 352000000.00 -5900000.00 352000000.00 440100000.00 1 0.82 0.81 0.00 0.00 0.82 0.81 Notes to Unaudited Standalone Financial Results for the Quarter Ended and Nine Months Ended 31 December 2023 1) The above standalone financial results of TVS Supply Chain Solutions Limited (the Holding Company or the Company ) have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meeting held on February 5, 2024. The statutory auditors have conducted a limited review of these standalone financial results. 2) The figures for the quarter and nine month ended December 31, 2022 has neither been reviewed nor audited by the Statutory auditor of the Company. However, the management has taken necessary care and diligence to ensure that the financial results are fairly stated. 3) The figures for the year ended March 31, 2023 has been extracted from the general purpose financial statements which was audited by the Statutory auditor of the Company. 4) The Unaudited Standalone Financial Results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 5) The Company has completed an Initial Public Offer ( IPO ) of 44,670,050 Equity Shares at the face value of Rs.1/- each at an issue price of Rs.197/- per Equity Share, comprising of offer for sale of 14,213,198 shares by Selling Shareholders and fresh issue of 30,456,852 shares. The Equity Shares of the Company are listed on BSE Limited ( BSE ) and National Stock Exchange of India limited ( NSE ) on August 23, 2023. 6) Details of the exceptional items are as follows: a) On September 30, 2023, the Group had disposed off 832,933 shares in its equity accounted investee, TVS Industrial & Logistics Park Private Limited (TVSILP) for a consideration of Rs 51.3 Crores. Gain from the disposal amounting to Rs 49.21 Crores has been disclosed as an exceptional item in the financial results for the quarter ended 30 September 2023. b) Compulsorily Convertible Preference Shares (CCPS) aggregating Rs 556.16 Crores were converted into equity shares on July 27, 2023 at a price of Rs167.55 per Equity Share. During the nine month ended December 31, 2023, fair value changes on conversion of these instruments aggregating Rs 23.17 Crores has been expensed off and disclosed as an exceptional item in these financial results. The fair value changes are non-cash and does not entail any cash outflow. c) During the year ended March 31, 2023, the Company expensed certain expenses incurred in connection with initial public offering amounting to Rs 10.00 Crores which are not in the nature of share issue expenses and accordingly disclosed these as exceptional items. Single segment 2023-04-01 2023-12-31 Unaudited Standalone 14638600000.00 1545000000.00 16183600000.00 0.00 500000.00 0.00 3760800000.00 477800000.00 1586500000.00 9476200000.00 15301800000.00 881800000.00 260400000.00 1142200000.00 266000000.00 -51600000.00 214400000.00 0.00 927800000.00 0.00 0.00 0.00 0.00 927800000.00 -13500000.00 914300000.00 -13500000.00 914300000.00 440100000.00 1 2.23 2.23 0.00 0.00 2.23 2.23 Freight Charges 1406400000.00 Other Expenses 557900000.00 Subcontracting cost and labour charges 1096800000.00 Freight Charges 4271200000.00 Other Expenses 1749000000.00 Subcontracting cost and labour charges 3456000000.00 -8000000.00 -18100000.00 -2100000.00 -4600000.00 0.00 0.00