Integrated Filing — IndAS

General information about company
Scrip Code	532513
NSE Symbol	TVSELECT
MSEI Symbol	NA
ISIN	INE236G01019
Name of company	TVS ELECTRONICS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	17-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	06-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	17-May-2025   14:00:00
End date and time of board meeting	17-May-2025   18:10:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-02-13
Indicate Company website link for updated RPT policy of the Company	www.tvs-e.in
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
Not applicable as there is no default

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	1145600000	4305000000
	Other income	3000000	26000000
	Total income	1148600000	4331000000
2	Expenses
(a)	Cost of materials consumed	462200000	1429800000
(b)	Purchases of stock-in-trade	180400000	758900000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-46800000	-16400000
(d)	Employee benefit expense	184800000	722000000
(e)	Finance costs	14100000	53600000
(f)	Depreciation, depletion and amortisation expense	41700000	150700000
(f)	Other Expenses
1	Other Expenses	338600000	1295900000
	Total other expenses	338600000	1295900000
	Total expenses	1175000000	4394500000
3	Total profit before exceptional items and tax	-26400000	-63500000
4	Exceptional items	0	0
5	Total profit before tax	-26400000	-63500000
6	Tax expense
7	Current tax	-300000	-300000
8	Deferred tax	-20400000	-25200000
9	Total tax expenses	-20700000	-25500000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-5700000	-38000000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	-5700000	-38000000
17	Other comprehensive income net of taxes	-1000000	-2200000
18	Total Comprehensive Income for the period	-6700000	-40200000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	186500000	186500000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		742900000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-0.31	-2.03
	Diluted earnings (loss) per share from continuing operations	-0.31	-2.03
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-0.31	-2.03
	Diluted earnings (loss) per share from continuing and discontinued operations	-0.31	-2.03
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1 The above audited financial results have been reviewed and recommended by the Audit Committee of the Board and subsequently approved by the Board of Directors at its meeting held on May 17 2025. n n2. The Company has the following two business segments as per Ind AS 108 ni Products & Solutions ii Customer Support Services n nThe Company has incurred Rs 9 Crs towards new initiatives in existing business segments which has been charged off during the year n n3. The financial results are available on the website of BSE Limited Bombay Stock Exchange Limited www.bseindia.com National Stock Exchange of India Limited www.nseindia.com and the Company www.tvse.in. n n4. Figures for the previous periods have been regrouped wherever necessary to conform to current periods classification n n5. The company has no subsidiary associate joint venture companies as on March 31 2025 n n6. The Board of Directors of the Company at its meeting held on 11th November 2023 approved the Scheme of Amalgamation of TVS Investments Pvt Ltd with and into TVS Electronics Limited Scheme. Subsequently the shareholders and creditors of the Company at their meeting held on 4th April 2025 approved the Scheme and the order from Honble National Company Law Tribunal is awaited

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	384000000
	Capital work-in-progress	0
	Investment property	0
	Goodwill	0
	Other intangible assets	140500000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	13000000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	21700000
	Total non-current financial assets	34700000
	Deferred tax assets (net)	45600000
	Other non-current assets	212900000
	Total non-current assets	817700000
2	Current assets
	Inventories	646900000
	Current financial asset
	Current investments	67100000
	Trade receivables, current	719700000
	Cash and cash equivalents	26500000
	Bank balance other than cash and cash equivalents	25600000
	Loans, current	0
	Other current financial assets	127100000
	Total current financial assets	966000000
	Current tax assets (net)	0
	Other current assets	176400000
	Total current assets	1789300000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	2607000000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	186500000
	Other equity	742900000
	Total equity attributable to owners of parent	929400000
	Non controlling interest
	Total equity	929400000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	101600000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	106000000
	Total non-current financial liabilities	207600000
	Provisions, non-current	0
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	5700000
	Total non-current liabilities	213300000
	Current liabilities
	Current financial liabilities
	Borrowings, current	211200000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	55500000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	782500000
	Total Trade payable	838000000
	Other current financial liabilities	175600000
	Total current financial liabilities	1224800000
	Other current liabilities	65600000
	Provisions, current	173900000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	1464300000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	1677600000
	Total equity and liabilites	2607000000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Products and Solutions	810900000	3073200000
2	Customer Support Service	334800000	1231900000
	Total Segment Revenue	1145700000	4305100000
	Less: Inter segment revenue
	Revenue from operations	1145700000	4305100000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Products and Solutions	37100000	84800000
2	Customer Support Service	-52100000	-120600000
	Total Profit before tax	-15000000	-35800000
	i. Finance cost	14200000	14200000
	ii. Other Unallocable Expenditure net off Unallocable income	-2900000	-2900000
	Profit before tax	-26300000	-63400000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Products and Solutions	1308200000	1308200000
2	Customer Support Service	1032600000	1032600000
	Total Segment Asset	2340800000	2340800000
	Un-allocable Assets	266200000	266200000
	Net Segment Asset	2607000000	2607000000
4	Segment Liabilities
	Segment Liabilities
1	Products and Solutions	807600000	807600000
2	Customer Support Service	557200000	557200000
	Total Segment Liabilities	1364800000	1364800000
	Un-allocable Liabilities	312800000	312800000
	Net Segment Liabilities	1677600000	1677600000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Item that will not be reclassified to profit / (loss)	-1000000	-3000000
	Total Amount of items that will not be reclassified to profit and loss	-1000000	-3000000
2	Income tax relating to items that will not be reclassified to profit or loss	0	-800000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-1000000	-2200000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			-63500000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			53600000
	Adjustments for decrease (increase) in inventories			-95500000
	Adjustments for decrease (increase) in trade receivables, current			-90200000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			4500000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-25400000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			119400000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			44600000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			150700000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			34100000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			2900000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-16000000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-1900000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			175000000
	Net cash flows from (used in) operations			111500000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			55400000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			56100000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			88700000
	Proceeds from sales of investment property			1700000
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			3100000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			200100000
	Net cash flows from (used in) investing activities	116200000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			58700000
	Payments of lease liabilities			57200000
	Dividends paid			18700000
	Interest paid			42400000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-177000000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-4700000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-4700000
	Cash and cash equivalents cash flow statement at beginning of period			31200000
	Cash and cash equivalents cash flow statement at end of period			26500000