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Press Release |
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TVS-E Records Rs.317.40 Crs revenue, Maintains PAT |
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Announces 15 months audited results for the
period ended 31st March 2005 |
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Chennai, June 13th 2005 – TVS Electronics
Limited announced the results for the quarter
ended March 31st 2005 today. With this, the
company also published audited results for the
period of 15 months ended 31st march 2005. The
company has reported revenues of Rs.317.40 Crs
for this period and profit after tax of Rs.4.28
Crs. For the Quarter ending 31st March’05 the
company’s revenues stood at Rs.61.12 Crs.
The Company’s continued efforts on cost
reduction to face the zero duty regime have
materialized as it was able to reduce material
cost by 3.5% of its revenue. The company
increased EBITDA by Rs.2.5 Crs during 2004-05
and also able to maintain PAT at the same level
as last year in spite of significant price
reduction in its dot matrix printers during the
JFM’05 quarter.
The board recommends a dividend of 9% for the
period ending 31st march 2005.
Products & Solutions Business Group
TVS-E gets back to leadership position in JFM
Quarter in Dot Matrix Printers with a market
share of over 39%, a significant jump from 32%
share from the previous quarter.
This business group delivered a turnover of
Rs.49.32 Cr, during this quarter as compared to
Rs.46.77 Cr in the corresponding period last
year. Also the Operating Profit (before
interest) has shown a significant increase at
Rs.2Cr against Rs.1.78Cr in the corresponding
period last year.
In the Point of Sale business the company
witnessed significant increase with its sales of
Electronic Data Capturing terminals that tripled
its turnover at Rs.3.97 Cr against Rs.1.25 Cr in
the corresponding quarter last year.
The company has also shipped over 12000 Set Top
boxes till date for both cable and satellite
customers.
TVS-E was awarded the “Most Trusted Company” by
VARIndia a leading media group during this
period.
Electronic Manufacturing Services Business Group
This business group recorded revenues of
Rs.39.19 Crs as compared to Rs.36.06 Crs during
corresponding quarter last year - a growth of
8%. External revenues were maintained at Rs.11
Crs.
The Customer Support business has acquired four
new global customers and also entered the
Telecom segment for servicing of VSats and Fixed
Wireless Terminals.
Commenting on the occasion Mr.Gopal Srinivasan,
Director TVS Electronics Limited said “Our focus
on cost management has helped the company
sustain efficiencies even in the post zero duty
regime and hence maintain profitability in the
last year.
With the growth witnessed in four key segments
including IT, Telecom and Digitization of home
entertainment TVS-E is focused on introducing
new Products & Services to take advantage of the
emerging markets”.
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About TVS Electronics: |
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TVS Electronics Limited, a part of the 90-year-old
TVS Group is one the largest manufacturer of Computer
Peripherals in the country. The range of offerings
includes Products - Dot Matrix printers, Keyboards,
Printing Supplies, Transaction Solutions, and Point
of Sale Products (PoS).
TVS-E has a large distribution and service network,
which reaches over 450 towns across the country
with two National Distributors, more than 200 Regional
Distributors and over 3,000 Authorized Dealer Partners.
The Company has manufacturing facilities in Tumkur,
Chennai and Himachal Pradesh |
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