The Board of TVS Holdings at its meeting held today, 10 May 2024 has inter alia, approved the acquisition of 88,09,45,401 equity shares of Home Credit India Finance (HCIFPL) (80.74%) from Home Credit India B.V., an entity based in Netherlands and Home Credit International A.S., an entity based in Czech Republic, for an aggregate consideration of Rs 554.06 crore. HCIFPL is engaged in the business of providing unsecured loans and is one of the leading players in the consumer financing market and the personal loans segment. HCIFPL reported an Assets under Management of Rs. 5,535 crore as of 31March 2024. During the year 2022-23, HCIFPL generated a turnover of Rs. 1,720 crore. Profit after tax of Rs. 80 crore and net-worth of Rs. 1,922 crore.Powered by Capital Market - Live News

TVS Holdings announced that the Annual General Meeting(AGM) of the company will be held on 8 August 2024.Powered by Capital Market - Live News

Net profit of TVS Holdings rose 51.23% to Rs 232.23 crore in the quarter ended March 2024 as against Rs 153.56 crore during the previous quarter ended March 2023. Sales rose 18.34% to Rs 9909.71 crore in the quarter ended March 2024 as against Rs 8373.94 crore during the previous quarter ended March 2023.For the full year,net profit rose 23.20% to Rs 800.39 crore in the year ended March 2024 as against Rs 649.65 crore during the previous year ended March 2023. Sales rose 19.45% to Rs 39238.78 crore in the year ended March 2024 as against Rs 32848.47 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales9909.718373.94 18 39238.7832848.47 19 OPM %15.5213.70 -14.8613.11 - PBDT1012.80739.28 37 3821.482910.29 31 PBT742.99464.14 60 2791.491924.47 45 NP232.23153.56 51 800.39649.65 23 Powered by Capital Market - Live News

Net profit of TVS Holdings rose 35.86% to Rs 219.22 crore in the quarter ended March 2024 as against Rs 161.36 crore during the previous quarter ended March 2023. Sales declined 41.01% to Rs 370.28 crore in the quarter ended March 2024 as against Rs 627.72 crore during the previous quarter ended March 2023.For the full year,net profit rose 24.03% to Rs 338.74 crore in the year ended March 2024 as against Rs 273.11 crore during the previous year ended March 2023. Sales declined 26.29% to Rs 1598.91 crore in the year ended March 2024 as against Rs 2169.30 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales370.28627.72 -41 1598.912169.30 -26 OPM %63.6429.43 -32.0917.17 - PBDT252.13177.87 42 452.81335.91 35 PBT251.43150.64 67 415.19235.97 76 NP219.22161.36 36 338.74273.11 24 Powered by Capital Market - Live News

TVS Holdings will hold a meeting of the Board of Directors of the Company on 9 May 2024.Powered by Capital Market - Live News