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

CRISIL Ratings stated that the outlook revision factors the healthy improvement in credit profile of its main operating company, TVS Motor Company (TVSM). The improvement is driven by healthy gain in market share for TVSM over the past 3-4 fiscals in motorcycle and scooter segments backed by expansion of product portfolio including launch of electric scooters and market reach through dealership expansion. The growth momentum of TVSM will continue over the medium term as well supported by healthy market position in motorcycle and scooter segment. Operating profitability at consolidated level is constrained on account of losses in the overseas subsidiaries due to product development costs and muted demand scenario in Europe. The losses are expected to gradually decline over the medium term with launch of new products and ramp up of utilization levels. which will aid TVSM's overall operating profitability. Besides, TVSM's financial risk profile also continues to improve over time, driven by healthy cash generation and prudent capital spend. In addition, TVSHL holds 50.26% stake in TVSM which is valued at Rs 68,718 crore as on 27 September 2024 which translates to healthy debt cover of over 100x (debt of Rs 650 crore as on date). The healthy debt cover provides adequate financial flexibility for TVSHL. Owing to healthy relationships with lending community and comfortable debt cover because of the holding in TVSM, refinancing will not be a challenge. However, material decline in debt cover, including debt raised for sizeable additional acquisition or investments in subsidiaries, or fall in share price of TVSM will remain monitorables, the rating agency said. 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 lost 0.41% to end at Rs 13290.30 on the BSE today. Powered by Capital Market - Live

TVS Holdings has received revision in credit ratings from CRISIL as under: Bank loan facility (Rs 650 crore) - CRISIL AA/ Positive (Rating reaffirmed; Outlook revised from Stable) Non convertible debentures (Rs 1,000 crore) - CRISIL AA/ Positive (Rating reaffirmed; Outlook revised from Stable) Powered by Capital Market - Live

TVS Holdings announced that the Competition Commission of India (CCI) has by way of its letter dated 24 September, 2024 intimated that CCI, at its meeting held on 24 September 2024 considered the proposed acquisition of 80.74% of the issued, subscribed and paid-up share capital of Home Credit India Finance from Home Credit India B.V., an entity based in Netherlands and Home Credit International A.S., an entity based in Czech Republic. Powered by Capital Market - Live

Net profit of TVS Holdings rose 10.41% to Rs 216.89 crore in the quarter ended June 2024 as against Rs 196.44 crore during the previous quarter ended June 2023. Sales rose 9.58% to Rs 10211.18 crore in the quarter ended June 2024 as against Rs 9318.82 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales10211.189318.82 10 OPM %14.6114.50 - PBDT979.69878.64 12 PBT732.28614.04 19 NP216.89196.44 10 Powered by Capital Market - Live