TVS Holdings (520056) Q3 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter and nine months ended 31st December 2024 were approved and released, with a limited review by statutory auditors and an unmodified opinion issued.

• The company sold its 100% stake in TVS Emerald Limited during the quarter, resulting in a gain of Rs. 102.68 crore, with proceeds earmarked for future investments.

• CRISIL upgraded the company's credit rating from 'CRISIL AA/Positive' to 'CRISIL AA+/Stable' on 9th January 2025.

Financial highlights

• Consolidated revenue for Q3 FY25 was Rs. 11,476.63 crore, up from Rs. 10,020.94 crore in Q3 FY24; nine-month revenue reached Rs. 33,521.99 crore.

• Consolidated net profit after tax for Q3 FY25 was Rs. 685.45 crore, compared to Rs. 532.27 crore in Q3 FY24; nine-month net profit was Rs. 1,765.29 crore.

• Standalone net profit after tax for Q3 FY25 was Rs. 85.07 crore, up from Rs. 8.57 crore in Q3 FY24; nine-month standalone net profit was Rs. 110.33 crore.

• Earnings per share (consolidated, not annualised) for Q3 FY25 was Rs. 190.81, up from Rs. 110.86 in Q3 FY24.

• Exceptional gain of Rs. 102.68 crore from the sale of TVS Emerald Limited recognized in the quarter.

Outlook and guidance

• Proceeds from the sale of TVS Emerald Limited are to be deployed for future investments.

• Upgraded credit rating reflects improved financial stability and outlook.