TVS Holdings Ltd
š TVS Holdings Expands Financial Services with Key Acquisition & Reports Strong FY25 Dividend Income
- Acquired 81.04% stake in Home Credit India Finance (HCIF) in February 2025, strengthening financial services presence.
- Dividend income from TVS Motor Company: ā¹239 crore in FY25.
- Income sources include brand royalties and management fees from group companies.
- Holds 50.26% stake in TVS Motor Company, valued at ~ā¹88,699 crore as of February 2, 2026.
- Gross debt stood at ā¹944 crore as of December 31, 2025, with a debt cover ratio of ~94x based on TVSM investment value.
- Outlook is stable, supported by expected consistent dividend inflows and strong financial flexibility from investments.