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Press Release |
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TVS-E printers maintain market leadership despite revenue drop in Q1’05 |
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Chennai, July 25th 2005 – TVS Electronics
Limited (TVS-E) announced the results for the
quarter ended June 30th 2005 today.
Concentration on the entry level models in
printers and delay in deployment of POS
terminals by financial institutions led to a
drop in revenues which stood at Rs 53.28 Cr as
against Rs.70.91 Cr in the corresponding quarter
in 2004.
A change in the product-mix adversely affected
the realization which resulted in negative
Profit After Tax (PAT) of Rs. 79 Lakhs.
TVS-E however sustained its leadership position
in the Dot Matrix Printer (DMP) segment in the
AMJ ’05 quarter with a market share of over 39%.
The Set Top Box (STB) business has already
gained momentum with the company having shipped
over 15000 nos. till date to both cable and
satellite customers.
Commenting on the occasion Mr. Gopal Srinivasan,
Director TVS Electronics Limited said “We are
continuing to face price pressure in our core
DMP business and efforts are in place to offset
this with cost improvement programs. We’ve made
significant progress in our new businesses in
the Digital Home Access, Telecom & PC components
area and I’m sure this will help the company
grow in the subsequent quarters”
TVS-E was awarded the “Most Trusted Company”
during this period by VAR India, a leading media
group
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About TVS Electronics: |
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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 |
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