TVS Electronics revenue falls 13% amid mixed Q1 results

TVS Electronics reported revenue from operations of INR 967 Mn for Q1 FY26, down 13.1% from INR 1,113 Mn in the prior year.

The Products and Solutions Group generated INR 645 Mn, declining 23.3%, while Customer Support Services grew 18.4% to INR 322 Mn due to higher volumes and new business.

EBITDA fell 59.4% to INR 13 Mn with margins at 1.34%. The company posted a net loss of INR 36 Mn due to higher depreciation and finance costs.