A shareholder of TVS Supply Chain Solutions Ltd. sold a 0.45% stake in the company for Rs 25 crore in an open market transaction on Monday.
Allanzers Fin offloaded 20 lakh shares at Rs 128.86 apiece, while TVS Motor Co. mopped the same number of shares, according to the block deal data on the National Stock Exchange.
As of December, TVS Motor held a 2.39% stake in the company, while promoters and promoter group, and public shareholders held 43.04% and 56.96% stakes respectively.
Q3 Performance
TVS Supply Chain Solutions revenue surged by 10% to Rs 2,444.62 crore for the quarter ended December as compared to Rs 2,221.84 crore for the same period last year.
The company incurred a loss of Rs 24.65 crore for the third quarter of the current fiscal 2025 as against a profit of Rs 9.56 crore for the year-ago period.
Its earnings before interest, taxes, depreciation and amortisation dipped by 18% to Rs 132.63 crore for the October-December quarter from Rs 162.07 crore for the same period in the corresponding year. Margins narrowed to 5.4% for the quarter under review from 7.3% for the same quarter in the previous fiscal.
Shares of TVS Supply Chain Solutions closed 3.10% lower at Rs 127.64 apiece on the NSE, compared to a 0.13% rise in the benchmark Nifty. The stock has fallen by 32.84% in the last 12 months.
Both analysts tracking the company have a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 48.9%.
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