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Earnings Call

TVS Electronics Earnings Call: Key Takeaways

TVS Electronics reported FY26 revenue of ₹455 crores (+6% YoY) and turned profitable with ₹1 crore PAT. Management is pivoting towards higher-margin services and EMS while exiting non-profitable geographies.

Why this was an Alfa AlertNot a filter event. Management explicitly declined to give specific numerical guidance and growth was in the single digits.
Highlights
Revenue growthFY26 +6% YoY; Q4 FY26 +2% YoY.
MarginsStructural improvement: FY26 EBITDA margin at 4.2% (up 172 bps).
Order bookOrders in hand delayed by customers due to price increases.
Demand visibilityStrong demand in BFSI, warehouse logistics, and Auto/Power electronics segments.
Management confidenceConfident in structural margin improvement and reaching 50:50 revenue mix eventually.

Growth

FY26 revenue grew 6% YoY; EBITDA grew 77% to ₹20 crores. Q4 FY26 PAT rose to ₹3 crores.

Outlook

Targeting double-digit growth in FY27. EMS capacity utilization (currently 30-40%) expected to rise; ₹40 crore expansion capex completed.

Risks

Supply chain disruptions, rising memory prices, and inventory build-up affecting working capital and debt-to-equity ratios.

Source

Earnings Call filed with BSE, NSE: TVSELECT. Summary written with AI assistance from the document.

Read the document ↗

TVS Electronics Ltd: key numbers

Share price
₹383.30
Market cap
₹714.9 Cr
Revenue (annual)
₹455.2 Cr
Net profit (annual)
₹1.26 Cr
P/E (TTM)
-395.0×Sector 41.4×
Promoter holding
59.77%+0.00% QoQ
FII holding
0.34%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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15:21 IST BSE
Legal & Regulatory

TVS Electronics Legal & Regulatory

TVS Electronics Limited received a GST show cause notice from Uttarakhand authorities alleging excess Input Tax Credit. The expected financial implication is ₹1.75 Crore including interest and penalties.

Value
₹1.75 Cr