TVSSCS2024-01-012024-03-31 TVSSCS2024-01-012024-03-31 TVSSCS2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member TVSSCS2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member TVSSCS2024-01-012024-03-31in-bse-fin:OneOperatingExpenses03Member TVSSCS2024-01-012024-03-31in-bse-fin:OneOperatingExpenses04Member TVSSCS2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member TVSSCS2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member TVSSCS2024-01-012024-03-31in-bse-fin:FourOperatingExpenses03Member TVSSCS2024-01-012024-03-31in-bse-fin:FourOperatingExpenses04Member TVSSCS2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543965 TVSSCS NOTLISTED Tvs Supply Chain Solutions Limited Equity 2023-04-01 2024-03-31 2024-05-27 2024-05-18 INR Crores Yearly 18:00:00 21:00:00 2024-05-27 2024-05-27 true Cash Flow Indirect Declaration of unmodified opinion Single segment INTEGRATED SUPPLY CHAIN SOLUTIONS 2024-01-01 2024-03-31 Audited Standalone 4744100000.00 468800000.00 5212900000.00 0.00 0.00 0.00 1115500000.00 129100000.00 482700000.00 3315200000.00 5042500000.00 170400000.00 0.00 170400000.00 49200000.00 -5500000.00 43700000.00 0.00 126700000.00 0.00 0.00 0.00 0.00 126700000.00 -7600000.00 119100000.00 0.00 0.00 440500000.00 1 0.29 0.29 0.00 0.00 0.29 0.29 1) The standalone financial results of TVS Supply Chain Solutions Limited (the Company ) has been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meeting held on May 27, 2024.The audit of standalone financial results have been carried out by the Statutory auditors of the company. 2) 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. The figures for the quarter ended March 31, 2023 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. The figures for the quarter ended March 31, 2024 are the balancing figures between the audited figures in respect of the financial year ended March 31, 2024 and unaudited figures for the nine months period ended December 31, 2023. 3) The audited 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. 4) 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. The total offer expenses are estimated to be Rs.102.97 Crores (inclusive of taxes wherever applicable) which are proportionately allocated between the selling shareholders and the Company as per respective offer size. The utilization of IPO proceeds of Rs.525 Crores (net of provisional IPO expenses of Rs.75 Crores) 5) Details of the exceptional items are as follows: a) On September 30, 2023, the Company 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 these financial results. b) Compulsorily Convertible Preference Shares (CCPS) aggregating Rs.556.16 Crores were converted into equity shares on July 27, 2023 at a price of Rs.167.55 per Equity Share. During the year ended March 31, 2024, 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. 6) The Company's operations predominantly relate to Integrated Supply Chain Solutions ( ISCS ). As the Company's business activity falls within a single business segment and the revenues substantially being in the domestic market, there are no separate reportable segment under Ind AS 108 Operating Segments . Single segment 2023-04-01 2024-03-31 Audited Standalone 19382700000.00 2013800000.00 21396500000.00 0.00 500000.00 0.00 4876300000.00 606900000.00 2069200000.00 12791400000.00 20344300000.00 1052200000.00 260400000.00 1312600000.00 315200000.00 -57100000.00 258100000.00 0.00 1054500000.00 0.00 0.00 0.00 0.00 1054500000.00 -21100000.00 1033400000.00 0.00 0.00 440500000.00 1 25163700000.00 2.50 2.50 0.00 0.00 2.50 2.50 Freight charges 1500100000.00 Impairment losses on financial instrument 127900000.00 Other expenses 631600000.00 Sub-contracting costs and casual labour charges 1055600000.00 Freight charges 5771300000.00 Impairment losses on financial instrument 53800000.00 Other expenses 2454700000.00 Sub-contracting costs and casual labour charges 4511600000.00 1653000000.00 8900000.00 528800000.00 2563900000.00 19000000.00 19063000000.00 60400000.00 0.00 1076700000.00 20200100000.00 683000000.00 256900000.00 25913600000.00 26400000.00 0.00 3451300000.00 756000000.00 603100000.00 1194000000.00 2092900000.00 8097300000.00 0.00 2163200000.00 10286900000.00 0.00 0.00 36200500000.00 440500000.00 25163700000.00 25604200000.00 25604200000.00 27500000.00 1723400000.00 1750900000.00 173500000.00 1924400000.00 2448700000.00 3576100000.00 2031700000.00 8056500000.00 545100000.00 70300000.00 8671900000.00 0.00 0.00 10596300000.00 36200500000.00 606900000.00 4400000.00 -879400000.00 0.00 163600000.00 0.00 0.00 0.00 0.00 -652800000.00 0.00 -2212700000.00 0.00 2069200000.00 53800000.00 37400000.00 0.00 0.00 0.00 -187000000.00 0.00 128300000.00 16800000.00 0.00 0.00 -55000000.00 -939200000.00 -10800000.00 0.00 -2113100000.00 -800500000.00 -24000000.00 0.00 -41000000.00 -248000000.00 0.00 -617500000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 137200000.00 453000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21600000.00 180100000.00 0.00 -6177500000.00 0.00 -6291600000.00 0.00 0.00 9567800000.00 0.00 0.00 0.00 0.00 0.00 -1758500000.00 612400000.00 0.00 0.00 0.00 289800000.00 0.00 -2122400000.00 4784700000.00 -2124400000.00 0.00 -2124400000.00 2880400000.00 756000000.00 -10100000.00 -28200000.00 -2500000.00 -7100000.00 0.00 0.00