TVS Supply Chain shares fall after stake worth Rs 107 cr sold via block deal

TVS Supply Chain block deal: Parties involved in the stake sale could not be identified immediately.

Shares of TVS Supply Chain Solutions fell over a percent in opening trade on February 13 after equity worth Rs 107.40 crore was sold through block deals on the exchanges.

As many as 67.1 lakh shares of the company, representing a 1.5 percent stake in the company changed hands through a block deal. The shares were sold at a floor price of Rs 160, marking a near 10 percent premium to Wednesday's closing price.

Moneycontrol could not immediately ascertain the parties involved in the block deal.

At 09.37 am, shares of TVS Supply Chain Solutions were trading at Rs 144.93 on the NSE.

The stake sale comes just days after the company reported a dismal earnings for the December quarter. The company reported a consolidated net loss of Rs 24.65 crore in Q3 FY25 as against net profit of Rs 9.56 crore posted in corresponding quarter last year.

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The net loss was attributed to delays in the commissioning of a major project for a key customer in Europe, as well as lower volumes during a traditionally weaker quarter. Accordingly, EBITDA margin also contracted to 6.2 percent in Q3, down from 7.8 percent in the year ago period.

Looking ahead, Raviprakash Bhagavathula, Global CFO, TVS Supply Chain Solutions, said that he expects margins to normalise for its Europe business by Q1 of FY26. Aside from that, Bhagavathula highlighted steady Q3 margins delivered by the company's supply chain businesses in India and North America.

"Our year-on-year revenue growth reflects the resilience of our business. We continue to secure large deals and capitalise on significant market opportunities, leveraging our global capabilities and technology expertise. With a robust order pipeline, bolstered by strong customer engagements, we remain bullish about our long-term growth outlook," Ravi Viswanathan, MD, TVS Supply Chain Solutions, said in an exchange filing.