TVS Holdings has allotted 30,000 Senior, Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures of the face value of Rs 1 Lakh each (NCDs) aggregating to Rs 300 crore on private placement basis. Powered by Capital Market - Live

CRISIL Ratings said that the rating upgrade reflects the improvement in the company's debt cover, due to expected lower debt. The rating continues to factor in the healthy credit risk profile of its main subsidiary, TVS Motor Company [TVSM]. The growth momentum of TVSM will likely sustain over the medium term supported by healthy market position in the motorcycle and scooter segments. The rating continues to reflect the healthy debt cover of TVSHL, reflecting ability to raise debt, the healthy credit risk profile of TVSM and the company's major shareholding in TVSM. These strengths are partially offset by exposure to market risks and high reliance on dividends for debt servicing. Factors like increase in market value of TVSM or sharp reduction in debt levels leading to continued strong debt cover and substantial Improvement in credit risk profile of key operating subsidiary, TVSM, could lead to a positive rating action. However, a material decline in the market value of investments in TVSM on a sustained basis, or higher than expected debt levels including for supporting subsidiaries, impacting debt cover and a significant decline in the credit profile of TVSM, could be negative for the ratings of TVSHL. TVS Holdings (TVSHL) [formerly Sundaram Clayton (SCL)] was a leading manufacturer of aluminium die-casting components. Until fiscal 2007, SCL's financials included the CV brakes business. With effect from March 28, 2008, the Madras High Court approved the de-merger of the brakes business into a separate company, Wabco India Ltd. The non-brakes business (aluminium die-casting) and investments in the TVS group entities remained with SCL. During fiscal 2012, SCL restructured its businesses, hiving off the non-automotive businesses into its erstwhile subsidiary, Sundaram Investments Ltd (SIL). In August 2023, the aluminium diecasting business of SCL was demerged into a separate entity, SCL DCD and SCL was renamed as TVSHL which retained the investments in TVS Motor Company (TVSM) and real estate entity TVS Emerald (TEL). The scrip fell 2.81% to currently trade at Rs 9951.50 on the BSE. Powered by Capital Market - Live

TVS Holdings will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live

Crompton Greaves Consumer Electricals Ltd, Godfrey Phillips India Ltd, CRISIL Ltd and NLC India Ltd are among the other losers in the BSE's 'A' group today, 01 January 2025.TVS Holdings Ltd tumbled 10.40% to Rs 9476.1 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 4355 shares were traded on the counter so far as against the average daily volumes of 424 shares in the past one month.Crompton Greaves Consumer Electricals Ltd lost 5.15% to Rs 375.15. The stock was the second biggest loser in 'A' group.On the BSE, 1.08 lakh shares were traded on the counter so far as against the average daily volumes of 34360 shares in the past one month.Godfrey Phillips India Ltd crashed 4.43% to Rs 4989.75. The stock was the third biggest loser in 'A' group.On the BSE, 6309 shares were traded on the counter so far as against the average daily volumes of 5605 shares in the past one month.CRISIL Ltd corrected 4.06% to Rs 6413.05. The stock was the fourth biggest loser in 'A' group.On the BSE, 7948 shares were traded on the counter so far as against the average daily volumes of 3564 shares in the past one month.NLC India Ltd dropped 3.42% to Rs 242.9. The stock was the fifth biggest loser in 'A' group.On the BSE, 97020 shares were traded on the counter so far as against the average daily volumes of 89168 shares in the past one month.Powered by Capital Market - Live

TVS Holdings has received approval of Reserve Bank of India (RBI) for the proposed direct change in control of Home Credit India Finance and consequent change in Board of Directors: - change in shareholding/control by way of transfer of 80.74%, 10.79% and 8.47% equity shares of Home Credit to TVS Holdings, PI Opportunities Fund II and STPL Trading and Services respectively; and - appointment of K Gopala Desikan as Non-Executive Director and B Sriram and Dr. Deepali Pant Joshi as Independent Directors of Home Credit. Powered by Capital Market - Live

TVS Holdings announced that CARE Ratings has assigned the rating CARE AA+; Stable for the company's proposed non-convertible debentures of Rs 750 crore. Powered by Capital Market - Live

Net profit of TVS Holdings rose 22.09% to Rs 278.27 crore in the quarter ended September 2024 as against Rs 227.92 crore during the previous quarter ended September 2023. Sales rose 8.64% to Rs 11228.49 crore in the quarter ended September 2024 as against Rs 10335.74 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales11228.4910335.74 9 OPM %14.9314.35 - PBDT1162.14979.22 19 PBT901.37727.68 24 NP278.27227.92 22 Powered by Capital Market - Live

Net profit of TVS Holdings declined 85.01% to Rs 12.44 crore in the quarter ended September 2024 as against Rs 82.98 crore during the previous quarter ended September 2023. Sales declined 88.26% to Rs 56.54 crore in the quarter ended September 2024 as against Rs 481.40 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales56.54481.40 -88 OPM %55.3428.60 - PBDT16.79109.62 -85 PBT16.1798.38 -84 NP12.4482.98 -85 Powered by Capital Market - Live

The Board of TVS Holdings will meet on 23 October 2024 to consider and approve the raising of funds by way of issuance of Non-Convertible Debentures on a private placement basis in one or more tranches/series, over a period of time. Powered by Capital Market - Live

TVS Holdings will hold a meeting of the Board of Directors of the Company on 23 October 2024.Powered by Capital Market - Live