TVS Supply Chain Solutions · tone and specificity signals across the available quarters.
Language signals
The integrated business in Europe is now led by John Prouden. John brings over 30 years of experience in operations and logistics. He began his journey with TVS as a managing director within the IFM business in the UK and Europe and subsequently elevated to the CEO of IFM in 2023 and he has been successfully leading the turnaround for that business.
As they keep developing more warehousing assets and transferring it to the trust there will be a depending upon the market conditions there will be a gain. Right now as of now for next few quarters we will not get any such gains.
It's very difficult in the current environment to look at what impact it will be. And one of the things the new segmentation does is for investors like you to see the GFS impact on the GFS based on all of the things that we seeing around us.
This has been truly a landmark quarter for us. Not only have we delivered strong year-on-year and sequential PBT growth, but this also marks our best PBT since our public listing, reflecting the impact of focused execution, rigor in operations, and disciplined cost management.
We stay absolutely focused on the fact that we will deliver 4% PBT by Q4 of FY27 and then we will aim for the benchmark numbers as the next step. It's a combination of the kind of markets that we operate in plus the kind of services and the pricing that we are able to command from the market.
We are cautiously optimistic given the overall macro environment. Our strategic initiatives including project one in the UK and Europe, right sizing and right sharing across all our regions are on track and will deliver the estimated benefits as outlined earlier.
Q3 demonstrates that the building blocks we have been putting in place over the last few quarters are now translating into stronger growth and profitability. India is growing with better margins. Europe continues to strengthen. GFS shows volume growth and our cost and transformation programs are yielding tangible results.
Freight rates continue to be under pressure as Ravi mentioned earlier. The macroeconomic uncertainties and the tariff volatility continue to impact this segment.
This particular customer in Europe decided to insource because of challenges internally. It was a very large outsourcing engagement and within a year of outsourcing there was a change in their management and the new management came in and decided that insourcing of a crucial activity like supply chain needed to happen.
We've had a spectacular finish to the year and I'm excited to share with you the highlights of our performance.
We delivered a strong performance in Q4 achieving 13.9 crores of adjusted PBT compared to 18 crores in Q4 FY25. And we also grew sequentially by 23%.
This year we added nine new Fortune 500 customers taking the total number of active Fortune 500 clients from 91 last year to 100. A significant milestone that speaks of the growing relevance of our offerings in the global marketplace.