TVS Electronics Ltd Share Price – NSE  /  BSE

IT - Hardware, Small Cap

TVS Electronics Ltd fell 2.47% today to trade at Rs 280.35. The S&P BSE IT Sector index is down 0.16% to quote at 35752.03. The index is down 6.62 % over last one month. Among the other constituents of the index, 3i Infotech Ltd decreased 1.93% and Control Print Ltd lost 1.5% on the day. The S&P BSE IT Sector index went up 25.95 % over last one year compared to the 25.24% surge in benchmark SENSEX.

TVS Electronics Ltd has lost 12.62% over last one month compared to 6.62% fall in S&P BSE IT Sector index and 0.29% rise in the SENSEX. On the BSE, 573 shares were traded in the counter so far compared with average daily volumes of 13511 shares in the past one month. The stock hit a record high of Rs 432 on 11 Jul 2023. The stock hit a 52-week low of Rs 235 on 14 Mar 2024.

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Net loss of TVS Electronics reported to Rs 1.74 crore in the quarter ended December 2023 as against net profit of Rs 1.39 crore during the previous quarter ended December 2022. Sales declined 1.74% to Rs 86.90 crore in the quarter ended December 2023 as against Rs 88.44 crore during the previous quarter ended December 2022.

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TVS Electronics will hold a meeting of the Board of Directors of the Company on 10 February 2024.

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Total expenses rose by 1% YoY to Rs 91.47 crore in the second quarter due to higher employee expenses (up 19% YoY), higher other expenses (up 7% YoY) and higher depreciation charge (up 22% YoY).

Profit before tax in Q2 FY24 stood at Rs 1.24 crore, down by 72% from Rs 4.38 crore in Q2 FY23.

TVS Electronics has traditionally been an IT peripheral manufacturer. The company is currently a transaction automation IT product manufacturer and service provider.

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