TVS Electronics Ltd

Q1 FY26IT - Hardware

TVS Electronics Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹382

Market cap₹752 Cr

Updated24 Sept 2026

Read4 min read

Based on TVS Electronics Ltd's Q1 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Q1-FY26 revenue from operations: INR 967 Mn, down 13.1% YoY from INR 1,113 Mn in Q1-FY25 (Page 11). Q1-FY26 EBITDA: INR 13 Mn, down 59.4% YoY (from INR 32 Mn in Q1-FY25) - Q1-FY26 EBITDA Margin: 1.34%, a decrease of 154 basis points YoY (from 2.88% in Q1-FY25) - Q1-FY26 PAT: INR (36) Mn (a loss), down from INR (13) Mn loss in Q1-FY25 - Q1-FY26 PAT Margin: (3.72)%, down 255 basis points YoY (from (1.17)% in Q1-FY25) - No explicit margin outlook is stated in the presentation.

From TVS Electronics Ltd's Q1 FY26 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Q1-FY26 revenue from operations: INR 967 Mn, down 13.1% YoY from INR 1,113 Mn in Q1-FY25 (Page 11).
Product & Solutions vertical revenue: INR 645 Mn, down 23.3% YoY from INR 841 Mn (Page 9).
Customer Support Services vertical revenue: INR 322 Mn, up 18.4% YoY from INR 272 Mn (Page 9).
The Products and Solutions vertical revenue is in line with Q1-FY25 excluding project orders executed in the previous year (Page 10).

2 more points management made on revenue & sales performance

Profitability & Margins

Q1-FY26 EBITDA: INR 13 Mn, down 59.4% YoY (from INR 32 Mn in Q1-FY25)
Q1-FY26 EBITDA Margin: 1.34%, a decrease of 154 basis points YoY (from 2.88% in Q1-FY25)
Q1-FY26 PAT: INR (36) Mn (a loss), down from INR (13) Mn loss in Q1-FY25

2 more points management made on profitability & margins

See what TVS Electronics Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The presentation does not explicitly mention any specific capex amounts, new plant constructions, or capacity expansion projects with detailed timelines or status updates. However, it indicates the following related points: - Expansion of manufacturing capabilities at the Tumakuru factory through SKD (Semi Knocked Down) and CKD (Completely Knocked Down) assembly to cater to evolving customer needs (Page 7). - Investment in new Surface Mount Technology (SMT) lines at the Tumakuru facility, reflecting commitment to advanced manufacturing technology and integration of Electronics Manufacturing Services (EMS) (Page 7). - Higher depreciation and finance costs in Q1-FY26 attributed to new business initiatives and capability-building investments aimed at future returns (Page 9). No specific capex amounts, status updates, or project timelines are detailed in the presentation.

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Fundraising & Capital Structure

The presentation does not explicitly mention any new fundraising through debt or equity in the narrative or highlights.
From the Balance Sheet (Page 13), borrowings show changes over FY23 to FY25:
Non-current borrowings increased from INR 62 Mn in FY23 to INR 150 Mn in FY24, then decreased slightly to INR 102 Mn in FY25.
Current borrowings rose significantly from INR 33 Mn in FY23 to INR 221 Mn in FY24 and slightly decreased to INR 211 Mn in FY25.
Net Debt to Equity ratio (Page 14) has gradually increased from -0.02x in FY23 to 0.33x in FY24 and 0.34x in FY25, indicating some increase in net debt levels.

2 more points management made on fundraising & capital structure

See what TVS Electronics Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation for TVS Electronics Limited does not explicitly report or mention any details about: - Order book - Order inflow - Pending orders The presentation primarily focuses on financial performance, business segments, operational highlights, strategic overview, and shareholding patterns, without quantifying or providing data on order bookings or order inflows.

TVS Electronics Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024

Mar 2025

Jun 2025

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Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹117 Cr, net profit ₹3 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What TVS Electronics Ltd's management said in earlier quarters

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Frequently Asked Questions

What were TVS Electronics Ltd Q1 FY26 results?

What is TVS Electronics Ltd share price analysis?

TVS Electronics Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹752 Cr. Investors should review the full earnings analysis for detailed insights.

Is TVS Electronics Ltd planning capital expenditure?

The presentation does not explicitly mention any specific capex amounts, new plant constructions, or capacity expansion projects with detailed timelines or status updates.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.