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TVS Supply Chain files addendum to DRHP as it turns profitable in H1

The company had filed the DRHP in February to mop up at least Rs 4,000 crore from the market. The addendum includes financial information for FY22 and H1FY23.

November 25, 2022 / 09:41 PM IST
Representative image (Source: ShutterStock)

Representative image (Source: ShutterStock)

TVS Supply Chain Solutions, seeking to raise around Rs 4,000 crore through a share sale, on Friday submitted an addendum to the DRHP that was filed with the markets regulator Sebi in February.

TVS Supply Chain, present in over 25 countries and serving over 60 Fortune 500 companies, is among the largest player in terms of revenue.

In the first six months of the current fiscal, its revenue jumped 27.8 percent to Rs 5,419 crore from which it earned a net profit of Rs 38.05 crore against a loss of Rs 57.8 crore in the year-ago period, according to the addendum filed with the Sebi.

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