TVS Holdings Ltd. (formerly Sundaram Clayton Ltd.) reported a marginal decline in standalone net profit for the June-ended to ₹28 crore on account of one-time cost of ₹3.33 crore associated with voluntary separations.
Revenue from operations increased by 15% to ₹589 crore, the auto components maker said in a regulatory filing.
Post the merger, interest income of ₹32.28 crore arising out of investments is now included in other income and also the dividend payable of non-convertible redeemable preference shares of ₹17.05 crore is considered as interest under finance cost. Earlier, they were treated as exceptional income.
