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TVS-E Q3 Profit from operations improves; Retains strong position in DMP |
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Chennai, 31st January 2008 – TVS Electronics
Limited announced the results for the quarter
ended 31st December 2006 today. The company has
reported revenue of Rs.76.59 Crs for this period
as against revenue of Rs.73.55 Crs in the
corresponding quarter in 2005.
The company reported a PBT of Rs.201 Lacs in
this period, improvement over Rs.102 Lacs
reported during the corresponding quarter of the
last year. The company’s cost management
initiatives have also helped deliver an EBIDTA
of 7.1% of net sales as against 6.3% during
corresponding quarter last year.
Products & Solutions:
TVS-E consolidates its leadership position in
Dot Matrix Printers in OND Quarter with an
estimated market share of 38%. The company
launched Pro Series range of Dot Matrix Printers
for the Retail and SME Segment and the market
has received it well. During the period the
company also launched built-in UNICODE support
for 9 Indian languages. Major orders won during
this quarter include Bank of Baroda, LIC, UP
eSuvidha project, Goa Government among others.
The keyboards business had also delivered a
growth of over 100% in volumes as it shipped
over 200,000 units during the OND quarter. The
company’s introduction of new multi media and
optical mouse combo keyboards and aggressive
channel expansion has contributed to this
growth.
The company was awarded Best Brand in DMP and
Keyboard category by VAR India during this
quarter.
Services:
On the Contract Customer Support business the
company further strengthened its customer base
in telecom vertical by acquiring one more major
handset brand owner during this period. The
company launched its Branded service centers TVS
iCare -outlets in 31 locations across 6 cities.
With the positive response it has received from
its customers the company now plans to increase
this to 150 outlets across 12 cities in the near
future.
Commenting on the company’s performance, Mr.
Gopal Srinivasan, Director, TVS Electronics
Limited said, “Our Total cost management
initiatives have helped the company’s
bottom-line during this quarter, the company is
focusing on new products in the dot Matrix
Printers which will help retain its leadership
share in the coming months" |
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