TVS Electronics reported a net loss of ₹1.41 crore for the second quarter ended September 30. Revenue fell 9.4% to ₹116.16 crore compared to last year. While hardware sales dragged the company down, customer support services returned to profit. The board also appointed Narayan Keelveedhi Seshadri as an Additional Director.
While sliding hardware product sales dragged the company into a net loss and compressed operating margins, customer support services returned to profitability on steady revenue growth. Discover how the newly appointed board member plans to turn around core segment losses in the coming quarters.
TVS Electronics Ltd on Saturday, November 14, reported a net loss of ₹1.41 crore for the second quarter ended September 30, compared with a net profit of ₹1.5 crore in the corresponding period last year, according to the company's regulatory filing.
Sequentially, however, the company narrowed its net loss from ₹6.62 crore reported in the June 2026 quarter.
Revenue from operations declined 9.4% year-on-year to ₹116.16 crore in Q2 FY27, down from ₹127.50 crore in the year-ago quarter. On a quarter-on-quarter basis, operational revenue increased 9.54% from ₹106.04 crore.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) fell 37% YoY to ₹3.36 crore, compared with ₹5.33 crore in Q2 FY26. EBITDA margin contracted to 2.90% during the quarter from 4.16% a year earlier.
Total expenses for the quarter stood at ₹118.48 crore, down 7.57% from ₹128.18 crore in the same period last year. Loss before tax came in at ₹1.89 crore, against a profit before tax of ₹1.15 crore in Q2 FY26.
Segment-wise, revenue from the Products & Solutions business declined 14.63% YoY to ₹79.39 crore from ₹92.99 crore, posting a segment loss before interest and tax of ₹1.74 crore compared with a profit of ₹4.27 crore a year ago. Meanwhile, revenue from Customer Support Services rose 6.52% YoY to ₹36.77 crore from ₹34.52 crore, returning to profitability with a segment profit of ₹1.01 crore against a loss of ₹3.24 crore in Q2 FY26.
Alongside the quarterly results, the Board of Directors approved the appointment of Narayan Keelveedhi Seshadri as an Additional Director in the category of Non-Executive, Non-Independent Director for a term of five consecutive years, effective November 14.