TVS Electronics Reports Strong Q3 FY26 Performance with 13.6% Revenue Growth
TVS Electronics Limited reported strong Q3 FY26 results with revenue growing 13.6% YoY to INR 1,136 Mn and EBITDA margins improving by 262 bps to 5.72%. The Products & Solutions Group led growth with 19.7% increase to INR 826 Mn, while Customer Support Services maintained steady performance. For nine months, revenue reached INR 3,378 Mn with 6.9% growth, demonstrating the company's robust operational performance across its electronics manufacturing and service segments.
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TVS Electronics Limited has announced strong financial results for Q3 FY26, demonstrating significant improvement in operational performance and profitability metrics. The Chennai-based electronics manufacturer and service provider reported robust revenue growth across its key business segments.
Financial Performance Highlights
The company delivered impressive financial results for the quarter ended December 31, 2025, with substantial improvements in key performance indicators.
| Metric | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Revenue from Operations | INR 1,136 Mn | INR 1,000 Mn | +13.6% |
| EBITDA | INR 65 Mn | INR 31 Mn | +109.7% |
| EBITDA Margin | 5.72% | 3.10% | +262 bps |
| PAT | INR 4 Mn | INR (7) Mn | Positive |
| EPS | INR 0.22 | INR (0.35) | Positive |
The revenue growth of 13.6% year-on-year to INR 1,136 Mn reflects the company's strong market position and effective execution of its business strategy. EBITDA margins showed remarkable improvement, expanding by 262 basis points to 5.72%, primarily driven by reduction in other expenses and material costs.
Segment-wise Performance Analysis
TVS Electronics operates through two primary business verticals, both contributing to the overall growth momentum.
Products & Solutions Group Performance
The Products & Solutions Group emerged as the key growth driver, generating revenue of INR 826 Mn in Q3 FY26, representing a substantial 19.7% increase compared to the same quarter in the previous year. This growth was attributed to higher volumes of existing products and the introduction of new products and solutions offerings. The segment continues to benefit from the company's focus on point-of-transaction products and track-and-trace solutions.
Customer Support Services Segment
The Customer Support Services vertical maintained steady performance with revenue of INR 310 Mn in Q3 FY26, remaining flat compared to the previous year quarter. However, for the nine-month period, this segment demonstrated resilience with 9.0% year-on-year growth, primarily driven by increased volumes in Infrastructure Managed Services (IMS) offerings, supported by deployments through the TVSE AIKYA platform.
Nine-Month Performance Overview
For the nine-month period ending December 31, 2025, TVS Electronics achieved consolidated revenue of INR 3,378 Mn, marking a 6.9% increase compared to INR 3,159 Mn in the corresponding period of the previous year.
| Parameter | 9M FY26 | 9M FY25 | Growth |
|---|---|---|---|
| Revenue from Operations | INR 3,378 Mn | INR 3,159 Mn | +6.9% |
| Products & Solutions Group | INR 2,400 Mn | INR 2,262 Mn | +6.1% |
| Customer Support Services | INR 978 Mn | INR 897 Mn | +9.0% |
| EBITDA | INR 126 Mn | INR 89 Mn | +41.6% |
| EBITDA Margin | 3.73% | 2.82% | +91 bps |
The company's EBITDA for the nine-month period reached INR 126 Mn, representing a significant 41.6% improvement over the previous year, with margins expanding by 91 basis points to 3.73%.
Strategic Business Focus
TVS Electronics continues to strengthen its position as a comprehensive solution provider in the electronics manufacturing and services sector. The company operates through a robust infrastructure including 970+ employees, 5 branch offices, 14 warehouses, and an extensive network of 740+ authorized service partners. The company's 70,000 sq. ft ESD compliant factory in Tumakuru, Karnataka, operates with Industry 4.0 standards and features automated SMT lines, supporting its manufacturing capabilities and Make in India initiatives.
Historical Stock Returns for TVS Electronics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.75% | -4.45% | -4.25% | -9.97% | +18.11% | +135.92% |
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