TVS Holdings Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	444,485	373,012	336,199	289,957	255,907	202,987
Other Revenue	23,823	14,584	10,088	8,131	-	-
Revenue	468,308	387,596	346,287	298,087	255,907	202,987
Revenue Growth (YoY)	24.21%	11.93%	16.17%	16.48%	26.07%	2.22%
Cost of Revenue	326,292	273,897	249,661	217,381	168,364	133,590
Gross Profit	142,016	113,699	96,626	80,707	87,542	69,397
Selling, General & Admin	60,832	53,165	46,730	39,319	28,858	24,927
Other Operating Expenses	69,970	53,685	44,341	36,464	28,727	20,218
Operating Expenses	144,232	117,518	101,181	85,636	66,026	51,571
Operating Income	-2,216	-3,819	-4,555	-4,929	21,517	17,826
Interest Expense	-25,886	-22,120	-20,195	-14,127	-9,268	-9,032
Interest & Investment Income	76,358	61,082	51,871	37,681	134.8	375.9
Earnings From Equity Investments	-416.8	-745.4	-436.2	-397.3	34.5	-28.8
Currency Exchange Gain (Loss)	-23	-23	5.1	86.5	2.6	-124.8
Other Non Operating Income (Expenses)	229.8	160.2	160.9	54.1	-454.1	-239.8
EBT Excluding Unusual Items	48,046	34,535	26,851	18,369	11,967	8,776
Merger & Restructuring Charges	-	-	-50.7	-189.7	-183.9	-191.9
Gain (Loss) on Sale of Investments	-988	1,253	658.9	846.6	8	13.7
Gain (Loss) on Sale of Assets	148.3	148.3	52.1	29.5	-13	-23.8
Other Unusual Items	-504	-	-	1,078	64.4	-31.7
Pretax Income	46,703	35,936	27,511	20,133	11,842	8,543
Income Tax Expense	15,049	12,069	10,040	6,802	3,597	2,622
Earnings From Continuing Operations	31,654	23,868	17,471	13,332	8,245	5,921
Earnings From Discontinued Operations	33.9	224.9	353	-	-	-
Net Income to Company	31,688	24,093	17,824	13,332	8,245	5,921
Minority Interest in Earnings	-16,142	-12,451	-9,820	-6,835	-3,838	-2,684
Net Income	15,546	11,642	8,004	6,497	4,407	3,237
Net Income to Common	15,546	11,642	8,004	6,497	4,407	3,237
Net Income Growth	39.62%	45.45%	23.20%	47.40%	36.17%	-3.99%
Shares Outstanding (Basic)	20	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	20	20
Shares Change (YoY)	-0.00%	-	-	-	-	-
EPS (Basic)	768.37	575.41	395.60	321.10	217.84	159.98
EPS (Diluted)	768.37	575.41	395.60	321.10	217.84	159.98
EPS Growth	39.62%	45.45%	23.20%	47.40%	36.17%	-3.99%
Free Cash Flow	-	10,523	-19,863	-55,959	-25,844	2,343
Free Cash Flow Per Share	-	520.12	-981.78	-2765.84	-1277.40	115.82
Dividend Per Share	-	93.000	94.000	59.000	44.000	26.000
Dividend Growth	-	-1.06%	59.32%	34.09%	69.23%	-16.13%
Gross Margin	30.33%	29.33%	27.90%	27.07%	34.21%	34.19%
Operating Margin	-0.47%	-0.98%	-1.31%	-1.65%	8.41%	8.78%
Profit Margin	3.32%	3.00%	2.31%	2.18%	1.72%	1.59%
Free Cash Flow Margin	-	2.71%	-5.74%	-18.77%	-10.10%	1.15%
EBITDA	3,795	2,441	2,038	2,002	27,874	22,866
EBITDA Margin	0.81%	0.63%	0.59%	0.67%	10.89%	11.26%
D&A For EBITDA	6,011	6,260	6,592	6,931	6,357	5,040
EBIT	-2,216	-3,819	-4,555	-4,929	21,517	17,826
EBIT Margin	-0.47%	-0.98%	-1.31%	-1.65%	8.41%	8.78%
Effective Tax Rate	32.22%	33.58%	36.50%	33.78%	30.38%	30.69%
Revenue as Reported	544,144	450,329	399,161	336,903	256,252	203,617
Advertising Expenses	-	8,451	6,284	3,848	3,275	3,226

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.