TVS Electronics Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 869 million compared to INR 884.4 million a year ago. Revenue was INR 874.7 million compared to INR 883.2 million a year ago. Net loss was INR 17.4 million compared to net income of INR 13.9 million a year ago. Basic loss per share from continuing operations was INR 0.93 compared to basic earnings per share from continuing operations of INR 0.74 a year ago. Diluted loss per share from continuing operations was INR 0.93 compared to diluted earnings per share from continuing operations of INR 0.74 a year ago.
For the nine months, sales was INR 2,686 million compared to INR 2,677.9 million a year ago. Revenue was INR 2,704.8 million compared to INR 2,699.2 million a year ago. Net loss was INR 2.9 million compared to net income of INR 80.1 million a year ago. Basic loss per share from continuing operations was INR 15 compared to basic earnings per share from continuing operations of INR 4.3 a year ago. Diluted loss per share from continuing operations was INR 0.15 compared to diluted earnings per share from continuing operations of INR 4.3 a year ago.