TVS Electronics Reports Wider Q1 Loss Amid Revenue Decline
TVS Electronics Limited reported a net loss of Rs 35.50 million in Q1, compared to a loss of Rs 12.60 million in the same period last year. Revenue decreased by 12.13% to Rs 966.60 million from Rs 1.10 billion year-over-year. EBITDA fell to Rs 12.60 million from Rs 32.00 million, with the EBITDA margin contracting to 1.30% from 2.84%. The company also announced a change in its statutory auditors' structure, with M/s Guru & Jana converting to an LLP.
17May 25
TVS Electronics Reports Q4 Loss Despite Revenue Growth
TVS Electronics' Q4 results show an 18.46% increase in revenue to 1.15 billion rupees. However, the company faced profitability challenges, with EBITDA margin declining from 2.68% to 2.26%. The company reported a net loss of 5.70 million rupees, compared to a profit of 5.70 million rupees in the same quarter last year. Annual performance for FY 2024 showed modest revenue growth but significant declines in EBITDA and net profit.