TSF INVESTMENTS LIMITED Earnings Summary — Q1 FY2027

• TSF Investments Limited (formerly Sundaram Finance Holdings) delivered a robust Q1 FY2027 performance, with standalone profit after tax surging 155% YoY to ₹17,656 lakhs.
• The revenue growth was primarily driven by a substantial increase in Dividend Income, which rose to ₹17,044 lakhs in Q1 FY2027 compared to ₹4,779 lakhs in the same period last year.
• Consolidated total income remained stable at ₹30,627 lakhs, though consolidated net profit attributable to owners declined YoY due to lower share of profit from associates (₹9,174 lakhs vs ₹11,361 lakhs).
• Standalone EPS significantly improved to ₹7.95, while consolidated EPS moderated to ₹5.50 compared to ₹7.25 in the year-ago quarter.
• The Manufacturing segment continues to be the largest contributor to consolidated revenue, generating ₹24,720 lakhs during the quarter.
• Standalone other comprehensive income saw a massive swing to ₹123,335 lakhs, reflecting significant fair value gains on investments that did not flow through the P&L.

Management maintains a long-term 'buy and hold' philosophy for its strategic automotive and industrial assets. The recent renaming to TSF Investments reflects a brand consolidation effort within the larger TVS-Sundaram group structure.

Improving

Standalone results show massive improvement in liquidity via dividends, though consolidated associate contributions moderated slightly.

The outlook remains tied to the cyclic performance of the Indian automotive sector through its core holdings in Brakes India and Wheels India. Minimal leverage and high-quality dividend-yielding assets provide a strong defensive buffer.