TVS Holdings (520056) Q1 24/25 earnings summary

Executive summary

• Approved unaudited standalone and consolidated financial results for the quarter ended 30th June 2024, with limited review by statutory auditors.

• Board approved alteration and adoption of Memorandum and Articles of Association to align with Companies Act and CIC registration requirements, subject to member approval.

Financial highlights

• Consolidated revenue from operations for Q1 FY25 was ₹10,475.65 crore, up from ₹9,583.81 crore in Q1 FY24.

• Consolidated net profit after tax for Q1 FY25 stood at ₹481.03 crore, compared to ₹409.41 crore in Q1 FY24.

• Standalone net profit after tax for Q1 FY25 was ₹12.82 crore, compared to ₹27.95 crore in Q1 FY24.

• Earnings per share (consolidated, not annualised) for Q1 FY25 was ₹107.20, up from ₹97.09 in Q1 FY24.

Outlook and guidance

• Company issued ₹650 crore of 8.65% Redeemable Unsecured Non-Convertible Debentures during the quarter, proceeds utilised for intended purposes.

• Emerald Haven Realty Limited became a wholly owned subsidiary after acquisition of an additional 10.74% stake.