TVS Electronics Q2 net loss ₹1.41 cr; revenue falls 9.4%

GreyOak summary

TVS Electronics reported a net loss of ₹1.41 crore for the quarter ended September 30, down from a profit of ₹1.5 crore in the same period last year. Revenue from operations declined 9.4% year-on-year to ₹116.16 crore, while EBITDA margins contracted to 2.90%. The company also appointed Narayan Keelveedhi Seshadri as an additional non-executive director.