Latest news with #ISCS
Time of India
5 days ago
- Business
- Time of India
TVS Supply Chain Solutions narrows net loss by 83% QoQ to ₹3.9 crore in Q4FY25
TVS Supply Chain Solutions narrowed its consolidated net loss by 83.61per cent quarter-on-quarter to ₹3.9 crore in Q4FY25, compared to a consolidated net loss of ₹23.8 crore in Q3FY25. On a year-on-year basis, however, the Chennai-headquartered company swung into a loss in the fiscal fourth quarter that ended March 31, 2025. The company had posted a profit after tax (PAT) of ₹5.4 crore in Q4FY24. For the full fiscal year (FY) 2025, the company's net loss shrank by 83per cent year-on-year to ₹9.7 crore, compared to a net loss of ₹57.7 crore in FY24. TVS Supply Chain Solutions attributed this to its continued cost operational discipline, focused business development initiatives, and 'effective cost optimisation ' activities. The company's revenue from operations remained largely flat on a sequential basis at ₹2,498.8 crore in Q4FY25, compared to ₹2,444.6 crore in Q3FY25. For the full fiscal year, the company's revenue from operations increased by 8.6per cent year-on-year to ₹9,995.7 crore in FY25, up from ₹9,200 crore in FY24. 'We delivered a strong performance this year in a challenging macroeconomic environment. Our consistent focus on deepening engagement with marquee clients has been pivotal in driving our growth,' said Ravi Viswanathan, MD, TVS Supply Chain Solutions. Viswanathan added that the company won ₹1,009 crore of new contracts in FY25, underscoring the effectiveness of the company's business development initiatives. 'Our Global Fortune 500 customer base expanded from 78 to 91, a testament to the trust leading organisations place in our capabilities,' he said. Performance across segments The company operates through two segments: Integrated Supply Chain Solutions (ISCS) and Network Solutions (NS). The NS segment reported revenue of ₹1,078 crore in Q4FY25, up from ₹1,047 crore in the same quarter last year, reflecting a 3 per cent year-on-year growth. For the full year ended March 31, 2025, revenue from the segment reached ₹4,499 crore, representing a robust 13.6 per cent increase over FY24. In the ISCS segment, revenue grew 4.9 per cent in FY25. North America operations remained strong, contributing consistently to the segment's performance. The India portfolio stayed resilient and supported stronger bottom-line margins.
CNA
22-05-2025
- CNA
Circle Line train services to end at 11pm on some days between Jun 15 to Jul 30 to prepare for stage 6 opening
SINGAPORE: Train services on the Circle Line (CCL) will end earlier on some days between Jun 15 and Jul 30 to prepare for the opening of the complete CCL loop in the first half of next year. To facilitate the works, services will end at 11pm from Sundays to Wednesdays, the Land Transport Authority (LTA) and rail operator SMRT said on Thursday (May 22). "Services on Thursdays, Fridays and Saturdays will remain unchanged," read the joint news release. LTA and SMRT said a series of works will be carried out on the existing CCL to renew its Integrated Supervisory Control System (ISCS) to ensure system compatibility with the new stretch of the line that will connect HarbourFront station to Marina Bay station. CCL stage 6 will close the circle between Marina Bay and Harbourfront stations via three new stations - Keppel, Cantonment and Prince Edward Road. When completed, there will be a total of 33 stations along the entire Circle Line. THE ISCS LTA and SMRT said that the ISCS monitors and manages the systems on the CCL, including power supply, communications and station facilities. It also supports communications between stations, control centres and trains. "The current system has been in use since the CCL began operations in 2009, and needs to be renewed to ensure it is compatible with the new CCL6 system," they said. Earlier closures of train services "are required to provide longer blocks of engineering hours necessary for testing and commissioning of the new servers and equipment to be carried out safely and rigorously," LTA and SMRT said. They advised commuters to plan their journeys in advance and to rely on alternative routes via other MRT lines and bus services to reach their destinations. Commuters can also refer to LTA's mobile app and LTA's and SMRT's social media platforms for more details. Posters will be put up at all CCL MRT stations and at stations that interchange with the CCL to inform commuters of the service adjustments, while station staff will also be deployed at affected stations to assist during the service adjustment period. LTA and SMRT noted that further service adjustments "will be needed to complete systems integration testing across the entire CCL, and ensure that the CCL6 stretch is well integrated with the existing CCL. "At present, we plan tentatively to carry out these adjustments from September to December 2025," they said. "These temporary service adjustments are necessary as we prepare for the opening of CCL6, so that there is sufficient time to conduct thorough and rigorous testing to ensure the safety of our commuters. "These works will bring us closer to the completion of the CCL6 extension, which will enhance connectivity, shorten travel times, and bring greater convenience to our commuters," said LTA and SMRT.
