|
|
|
home
/ media / news & events |
|
 |
|
 |
Press Release |
|
|
|
|
| |
|
| |
TVS-E Profit more than doubles in Q1, 2003 |
| |
|
| |
PAT grows 135% over a top-line growth of 37%
over sequential quarter.
Chennai based TVS Electronics, leaders in
manufacture of computer peripherals announced
their Q1 results for the year 2003, today. TVS-E
has begun the year with its top line growing by
37% in Q1 2003 sequential quarter, and a growth
of 18% over the consecutive quarter. Its sales
revenue for the quarter was Rs 670 Million
against Rs. 490 Million over the sequential
quarter. PAT more than doubled at Rs.11 Million
against Rs.4.7 Million over the sequential
quarter, with a similar growth over the
consecutive quarter. With efficiencies of
operations contributing to improving the bottom
line and new products continuing to do well and
help grow its top-line, the company is well
poised to further leverage growth opportunities
in the IT industry.
The Products & Solutions Business Group with
turnover of Rs.560 Million registered 40% growth
over sequential quarter. The new EDC (Electronic
Data Capture) business did well to add Rs. 150
Million to the top line. Besides the growth in
the EDC business, there were also strong
institutional sale of printers. The
institutional sale of new PoS (Point of Sale)
business has also taken off with orders of over
Rs.20 Million. This area holds good promise for
the future.
The Electronic Manufacturing Services Business
Group continues to grow steadily with 20% growth
over sequential quarter (Rs.102 Million against
Rs.86 Million), through its exports and foray in
domestic markets too.
Announcing the Q1 results, Mr. Gopal Srinivasan,
Director, TVS Electronics Limited said, "This
growth is achieved through the long term
strategy initiative deployed by TVS-E over the
last 3years. The result is that our new
businesses have taken-off and are contributing
to the top & bottom lines, while our old
businesses also continue to grow. With large IT
projects being planned by various State
Governments, we can expect major global players
to focus on India. TVS-E is well placed to take
on these challenges & opportunities."
One of the significant developments in this
quarter was the shareholders' approval for the
merger of TVS-E with TVS eTechnology (subject to
Court's approval). TVS eTechnology is a national
player in the areas of Customer Support,
Technology Support and Maintenance Services
(TMS). With the merger, TVS-E is in the BPO
market spanning from the SCM space from Sourcing
to manufacturing to Technology Support and field
repair services. |
| |
|
| |
About TVS Electronics: |
| |
|
| |
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 |
| |
|
|
|
|
|
|
|
