TVS Electronics Limited has informed the Exchange about Investor Presentation
BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001
National Stock Exchange of India Limited Exchange Plaza, 5th Floor Plot No. C/1 G Block Bandra - Kurla Complex, Bandra - (E) Mumbai - 400 051
Dear Sir/ Madam,
Sub: Earnings Presentation – Q2 FY 2025-26
12th November 2025
Scrip Code - 532513
Scrip Symbol - TVSELECT
Pursuant to Regulation 30(2) and other respective Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are herewith enclosing the copy of Earnings Presentation – Q2 FY 2025-26.
Kindly take the above information on record.
Thanking you,
Yours truly, For TVS Electronics Limited
K Santosh Company Secretary
TVS Electronics Limited
“Arihant E-Park”, No.117/1, 9th Floor, L.B. Road, Adyar, Chennai – 600 020. Tel.: +91-44-42005200 Registered Office: Harita Towers, 2nd Floor, No.119, St. Mary’s Road, Abhiramapuram, Chennai- 600 018 Corporate Identity Number: L30007TN1995PLC032941 E-mail id: webmaster@tvs-e.in Website: www.tvs-e.in
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EARNINGS PRESENTATION
Q2/H1-FY26
TVS Elecronics Limited
Earnings Presentation Q1-FY25
2
Snapshot
PRODUCTS & SOLUTIONS
CUSTOMER SUPPORT SERIVCES
Electronics Manufacturing Services
OPERATIONS
FY25 FINANCIALS
State-of-the-art hardware solutions for retail, BFSI & logistics industries.
Integrated service provider for Global OEMs
70,000 Sq. ft of ESD compliant factory
700+ Employees
Revenue: INR 4,305 Mn
Indian electronics manufacturer with presence of 3+ decades
Field Support Services – Warranty Management solutions.
Industry 4.0 Standards
6 Branch Offices 13 Warehouses
EBITDA: INR 115 Mn
Market leaders in Touch POS systems and Thermal printers
Infra-managed Services – IT, Solar
Automated SMT line
Pioneers in Dot matrix, Keyboards and mice
Repair & Manufacturing Services
Located in Tumakuru, 70 kms from Bangalore
57 Drop Points 740+ Authorized Service Partners
700+ Authorized Distribution Partners 100+ Channel Distribution Partners
Net Profit: INR (38) Mn
ROCE: (0.79)%
Local Value addition - Make In India
E-Auction Services
Easy access to all key National Highways
345+ Walk in Centers
ROE: (4.09)%
Unique edge of customizing & bundling hardware and software solutions
Serving 200k customers a month, 19,250+ pin codes served, Logistics coverage > 90% (of total districts).
Closer to KG, International Airport & Chennai Port
Repair Factory: 1,500 Sq. Ft. Clean Room located in Tumakuru
Debt to Equity ratio 0.34x
3
Company Overview
TVS Electronics (TVS-E) Limited was incorporated in 1986, under the leadership of Mr. Gopal Srinivasan
The company has emerged as one of the frontrunners in the IT peripherals, point-of- sale solutions, field support services and infra managed services for IT
The company caters to vast customer segments including, Retail, BFSI, Shipping & Logistics, Government.
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It is headquarters out of Chennai, India and has 1 state-of-the-art manufacturing plant, located at Tumakuru, Karnataka.
TVS-E offers a diversified portfolio of products and solutions with more than 20 products across categories and also customer support services.
Revenue (INR Mn) & EBITDA Margins (%)
Segmental Revenue (INR Mn)
5.60%
3,535
3,660
4,305
2.61%
2.67%
2,242
2.72%
1,075
987
2,460
2,673
1,232
3,073
667
1,575
FY23 Revenue (INR in Mn)
FY24
FY25
H1-FY26
EBITDA Margin (%)
FY23 FY24 Products & Solutions
FY25
H1-FY26 Customer Support Service
PSG Segment Geographic Contribution (FY25)
19%
23%
37%
21%
South
North
West
East
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Business Segments
Product & Solutions Group (PSG) 70%
Track & Trace Products
Point of Transaction Products
Business Mix Percentage as on H1-FY26
Customer Support Services (CSS) 30%
IT Infrastructure Managed Services
E-Auction
Field Support Services
Manufacturing Services
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Marquee Clientele
Products & Solutions
RETAIL
Customer Support Services
IT & Peripherals
Top 10 Customer Concentration
41%
37%
36%
28%
27%
30%
Manufacturing
Health Care & Hospitality
Government Entities
Banks
FY20
FY21
FY22
FY23
FY24
FY25
IT IMS
Banking & Technology
Solar
BFSI
Audio Lifestyle and Consumer Electronics
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Strategic Overview
Electronics Manufacturing Services (EMS)
• We seamlessly integrate Electronics Manufacturing Services (EMS) with Product and Solution Groups (PSG), Customer Support Services (CSS), and Go-To-Market (GTM) support. Driven by innovation, we develop products that enhance quality of life and build strong customer end-to-end solutions. Our new Surface Mount Technology (SMT) lines at our Tumakuru facility demonstrate our commitment to leading-edge technology, offering complete solutions including supply chain management, PCB assembly, box build, aftersales services, and product testing to meet diverse customer needs locally and globally.
comprehensive,
partnerships
through
Hardware devices with software solutions •The retail and parking sectors are undergoing a digital transformation and software solutions play a crucial role in optimizing operations. TVS-E provides total solutions by bundling hardware products with inbuilt solutions.
Customer Support Services - One stop solution • Global brands and Indian customers depend on trusted partners for post sales support. We offer end-to-end service which includes:
o Field support services: IT products /peripherals, POS products,
Banking POS.
o Infra Managed Services:
IT device endpoint computing, network
centers, Solar invertors – onsite & offsite
o Repair services : PCBA and display panel repair o eAuction services: disposal of scrap, machinery, excess inventory, e-
Waste and end-of-life management support for B2B customers.
o Our in-house CRM AI/ML-enabled platform to connect brands,
service partners, parts management, and logistics.
Single point solution provider • Our aim is to be the trusted single-point solution provider, offering reliable point of transaction and track and trace products to our customers in the banking, retail, Govt. shipping, and logistics sector.
STRATEGIC PRIORITIES
Manufacturing IT Peripherals / Make in India • To capitalize on the demand, TVS-E focus is on enhancing manufacturing capabilities through SKD,CKD at Tumakuru factory and strengthening supply eco- system that cater to the evolving needs of our customers.
Contract Manufacturing Services for Tech Partners • Collaborating with our Technology partners presents a significant opportunity for growth. By leveraging our manufacturing capabilities and expertise, we assist our partners in bringing their products to market efficiently and cost-effectively. This strategic partnership will not only strengthen our relationships but also contribute to the "Make in India" initiative by promoting local manufacturing.
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Q2/H1-FY26 HIGHLIGHTS
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Q2/H1-FY26 Financial Highlights
Q2-FY26 Performance
H1-FY26 Performance
INR 1,275 Mn Revenue from Operations
INR 48 Mn EBITDA
3.76% EBITDA Margin
INR 2,242 Mn Revenue from Operations
INR 61 Mn EBITDA
2.72% EBITDA Margin
INR 16 Mn PAT
1.25% PAT Margin
INR 0.83/share EPS
INR (20) Mn PAT
(0.89)% PAT Margin
INR (1.07)/share EPS
Divisional Breakup:
INR Mn
Q2-FY26
Q2-FY25
Y-O-Y
H1-FY26
H1-FY25
Y-O-Y
Product & Solutions Group
Customer Support Services
930
345
731
315
Income from Operations
1,275
1,046
27.2%
9.5%
21.9%
1,575
667
2,242
1,572
587
2,159
0.2%
13.6%
3.9%
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Q2/H1-FY26 Operational Highlights
The Products and Solutions vertical generated revenue of INR 930 Mn in Q2-FY26, representing an increase of 44% on a Q-o-Q basis and 27% on a Y-o-Y basis. The increase was driven by higher volumes of existing products and new product and solution offerings for the manufacturing and logistics segments.
The Customer Support Services vertical generated revenue of INR 345 Mn in Q2-FY26, representing an increase of 7% on a Q-o-Q basis and 10% on a Y-o-Y basis. The increase was driven by higher volumes across business verticals in the CSS segment.
Overall entity revenue for Q2-FY26 stood at INR 1,275 Mn, representing an increase of 32% on a Q-o-Q basis and
22% on a Y-o-Y basis.
Consequent to the increase in overall revenue, the EBITDA margin improved by 242 Bps and the PBT margin
improved by 518 Bps on a Q-o-Q basis.
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Q2-FY26 Financial Performance
Particulars (INR Mn)
Revenue from Operations
Total Expenses
EBITDA
EBITDA Margin (%)
Other Income
Depreciation
Finance Cost
PBT
Tax
PAT
PAT Margin (%)
Other Comprehensive Income
Total Comprehensive Income
EPS (INR)(not annualised)
Q2-FY26
Q1-FY26
Q-o-Q
Q2-FY25
1,275
1,227
48
967
954
13
31.9%
28.6%
NA
1,046
1,020
26
Y-o-Y
21.9%
20.3%
84.6%
3.76%
1.34%
242 Bps
2.49%
127 Bps
18
37
17
12
(4)
16
12
49
17
(41)
(5)
(36)
50.0%
(24.5)%
NA
NA
20.0%
NA
7
34
14
(15)
(2)
(13)
NA
8.8%
21.4%
NA
NA
NA
1.25%
(3.72)%
497 Bps
(1.24)%
249 Bps
3
19
-
(36)
0.83
(1.90)
NA
NA
NA
(2)
(15)
(0.71)
NA
NA
NA
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H1-FY26 Financial Performance
Particulars (INR Mn)
Revenue from Operations
Total Expenses
EBITDA
EBITDA Margin (%)
Other Income
Depreciation
Finance Cost
PBT
Tax
PAT
PAT Margin (%)
Other Comprehensive Income
Total Comprehensive Income
EPS (INR)(not annualised)
H1-FY26
H1-FY25
2,242
2,181
61
2.72%
30
86
34
(29)
(9)
(20)
2,159
2,101
58
2.69%
14
71
27
(26)
-
(26)
(0.89)%
(1.20)%
4
(16)
(1.07)
(2)
(28)
(1.38)
Y-o-Y
3.8%
3.8%
5.2%
3 Bps
NA
21.1%
25.9%
(11.5)%
NA
23.1%
31 Bps
NA
42.9%
22.5%
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Historical Income Statement
Particulars (INR Mn)
Revenue from Operations
Total Expenses
EBITDA
EBITDA Margin (%)
Other Income
Depreciation
Finance Cost
PBT
Tax
PAT
PAT Margin (%)
Other Comprehensive Income
Total Comprehensive Income
EPS (INR)(not annualised)
FY23
3,535
3,337
198
5.60%
15
71
14
128
33
95
2.69%
(3)
92
5.11
FY24
3,660
3,564
96
2.62%
26
109
20
(7)
(10)
3
FY25
4,305
4,190
115
2.67%
26
151
54
(64)
(26)
(38)
H1-FY26
2,242
2,181
61
2.72%
30
86
34
(29)
(9)
(20)
0.08%
(0.88)%
(0.89)%
4
7
0.15
(2)
(40)
(2.03)
4
(16)
(1.07)
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Balance Sheet
Equity and Liabilities (INR Mn) Equity Share Capital Other Equity Total Equity Non Current Liabilities Financial liabilities (i) Borrowings (ii) Lease Liabilities Provisions Other non-current liabilities Total Non-Current Liabilities Current Liabilities Financial liabilities (i) Borrowings (ii) Lease Liabilities (iii) Trade Payables (iv) Other Financial liabilities Provisions Current Tax Liabilities (net) Other Current liabilities Total Current Liabilities Total Liabilities Grand Total – Equity and Liabilities
FY24
FY25
H1-FY26
186 801 988
150 5 2 3 160
221 28 719 134 119 - 74 1,295 1,455 2,443
186 743 929
102 59 2 4 167
211 54 838 168 174 - 66 1,511 1,678 2,607
186 727 913
68 86 2 - 156
415 59 778 188 176 - 71 1,687 1,843 2,756
Assets (INR Mn) Non Current Assets Property, Plant & Equipment Right of use assets Capital Work in Progress Intangible assets Intangible assets under development Financial assets (i) Investments (ii) Other financial assets Deferred tax assets (Net) Non Curent tax assets (Net) Other non-current assets Total Non-Current Assets Current Assets Inventories Financial assets (i) Investments (ii) Trade Receivable (iii) Cash and cash equivalents (iv) Other bank balances (v) Other financial assets Other current assets Total Current Assets Grand Total - Assets
FY24
FY25
H1-FY26
392 32 1 141 6
13 10 19 33 17 664
551
250 628 31 12 122 185 1,779 2,443
384 107 - 141 -
13 24 46 88 17 820
647
67 720 27 26 125 175 1,787 2,607
356 138 1 131 -
12 24 53 79 19 813
691
69 794 8 25 174 182 1,943 2,756
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Financial Highlights
Operational Revenue (INR Mn)
EBITDA (INR Mn) & EBITDA Margins (%)
PAT (INR Mn) & PAT Margins (%)
3,535
3,660
4,305
2,242
198
5.60%
96
115
2.62%
2.67%
61
2.72%
FY23
FY24
FY25
H1-FY26
FY23
FY24
FY25
H1-FY26
95
2.69%
3 0.08%
FY23
FY24
-0.88%
FY25 -38
-0.89%
H1-FY26 -20
Net Debt to Equity (x)
Net Worth (INR Mn)
ROE and ROCE (%)
0.49
0.33
0.34
1,018
988
929
913
-0.02
FY23
FY24
FY25
H1-FY26
FY23
FY24
FY25
H1-FY26
13.58%
9.33%
FY23
ROE (%)
ROCE (%)
1.15%
0.30%
FY24
-0.79%
FY25
-4.09%
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Capital Market Data
Stock Market Performance (As on 30th September 2025)
80%
60%
40%
20%
0%
-20%
-40%
Oct-24
Nov-24
Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
TVS Electronics
BSE Sensex
Price Data (As on 30th September 2025)
Face Value
Market Price
52 Week H/L
Market Cap (Mn)
Equity Shares Outstanding (Mn)
1 Year Avg Trading Volume (‘000)
INR
10.0
628.5
680.00/272.35
11,721.72
18.65
107.46
Shareholding Pattern (As on 30th September 2025)
Public, 40.04%
Promoters, 59.91%
FPI/FII/DII, 0.05%
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Disclaimer
TVS Electronics Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of TVS Electronics Limited (Company), which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.
This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.
Valorem Advisors Disclaimer: Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.
For further details, please feel free to contact our Investor Relations Representatives:
Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903-9500 Email: tvs-e@valoremadvisors.com Investor Kit-link: www.valoremadvisors.com/tvs
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Thank You