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TVS Electronics Limited Q2 FY26 earnings call summary

NSE: TVSELECT · BSE: 532513

Earnings call of 14 Nov 2025, summarised by AI from the filing.

R&D spend targeted at 2% to 3% of revenue; margins should improve as revenue scales with fixed costs stable.

Key takeaways

  1. Guidance R&D spend targeted at 2% to 3% of revenue; margins should improve as revenue scales with fixed costs stable.
  2. Change PSG revenue grew 27% YoY to ₹93 cr, driven by higher volumes and new products in manufacturing and logistics.
  3. Driver Long-term growth initiatives started showing results, with revenue growing in both PSG and CSS.
  4. Risk Growth initiatives' results are subject to market fluctuations.

Original filing on BSE

TVS Electronics Limited Q1 FY27 results

As filed: Revenue ₹106 cr (+9% year on year), EBITDA −₹2.4 cr (−220% year on year), PAT −₹6.6 cr, EBITDA margin -2.3% (−432 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹117 cr (+2% year on year), EBITDA ₹7.0 cr (+250% year on year), PAT ₹2.9 cr, EBITDA margin 6.0% (+422 bps). Score 49 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA growth was well above it. EBITDA margin rose 422 bps year on year. Other income 67% of PBT. Tax rate 8%. Share price after the results: +3.5% in 28 days (Nifty 500: +2.2%).
  • Q3 FY26: Revenue ₹114 cr (+14% year on year), EBITDA ₹6.5 cr (+118% year on year), PAT ₹0.4 cr, EBITDA margin 5.8% (+275 bps). Score 56 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA growth was well above it. EBITDA margin rose 275 bps year on year. Other income 58% of PBT. Tax rate -8%. Revenue fell 11% from last quarter. Share price after the results: −11.9% in 29 days (Nifty 500: −9.6%).
  • Q2 FY26: Revenue ₹128 cr (+22% year on year), EBITDA ₹5.0 cr (+150% year on year), PAT ₹2.0 cr, EBITDA margin 3.9% (+200 bps). Score 84 of 100, Above trend. Revenue growth was above the company's own trend; EBITDA growth was well above it. EBITDA margin rose 200 bps year on year. Other income 200% of PBT. Tax rate 0%. Revenue grew on the previous quarter, against its usual seasonal pattern. Revenue rose ₹23.0 cr on a year ago, more than the ₹13.0 cr it added the year before. Share price after the results: −26.2% in 30 days (Nifty 500: −0.6%).
  • Q1 FY26: Revenue ₹97.0 cr (−13% year on year), EBITDA ₹2.0 cr (−33% year on year), PAT −₹4.0 cr, EBITDA margin 2.1% (−64 bps). Score 15 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA growth was below it. EBITDA margin fell 64 bps year on year. Revenue fell 16% from last quarter. Share price after the results: +3.0% in 30 days (Nifty 500: +2.2%).
  • Q4 FY25: Revenue ₹115 cr (+19% year on year), EBITDA ₹2.0 cr (−33% year on year), PAT −₹1.0 cr (−200% year on year), EBITDA margin 1.7% (−135 bps). Score 20 of 100, Below trend. Revenue growth was above the company's own trend; EBITDA growth was below it. EBITDA margin fell 135 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Revenue rose ₹18.0 cr on a year ago, more than the ₹12.0 cr it added the year before. Share price after the results: +7.1% in 30 days (Nifty 500: +1.0%).
  • Q3 FY25: Revenue ₹100 cr (+15% year on year), EBITDA ₹3.0 cr, PAT −₹1.0 cr, EBITDA margin 3.0% (+300 bps). Score 45 of 100, In line with trend. Revenue growth was in line with the company's own trend. EBITDA margin rose 300 bps year on year. Revenue fell 5% from last quarter.
  • Q2 FY25: Revenue ₹105 cr (+14% year on year), EBITDA ₹2.0 cr (−50% year on year), PAT −₹1.0 cr (−200% year on year), EBITDA margin 1.9% (−244 bps). Score 20 of 100, Below trend. EBITDA margin fell 244 bps year on year. Not enough history for a trend yet: scored on growth alone. Revenue fell 5% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

TVS Electronics Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.