TVS Holdings Ltd., (formerly known as Sundaram-Clayton Ltd.) consolidated net profit for the quarter ended March rose 43% YoY to ₹464 crore.
Revenue from operations increased to ₹10,125 crore from ₹8,523 crore, of which automotive components accounted for ₹202 crore, automotive vehicles and parts ₹8,412 crore and financial services ₹1,751 crore, the company said in a regulatory filing.
Total income included loss from fair value of investments of ₹48 crore against a net gain of ₹62 crore.
During the quarter, the company acquired an additional stake of 11.66% of Emerald Haven Realty Ltd. (EHRL), raising its total stake to 89.26%.
