TVSE Q4 PAT declines by six percent

Chennai based TVS Electronics has reported a 6.34 percent
decline in Profit after Tax (PAT) for the quarter ended December 31, 2003 which
stood at Rs 59 lakh against Rs 63 lakh of the corresponding quarter last year.
The company’s sales revenue for Q4 increased to Rs 64.64 crore against Rs
59.87 crore over the corresponding quarter last year.

The company reported a 66 percent increase in PAT during the
year ended December 31, 2003, which stood at Rs 361 lakh as against Rs 218 lakh
in the previous year. Revenue for the financial year ended Dece-mber 31, 2003
stood at Rs 262 crore, a growth of 19 percent.

TVS eTechnology Ltd com-pleted the merger formalities of the
erstwhile TVS Electronics Ltd with itself and adopted TVS Electronics Ltd as its
new name consequent to merger. Hence, for the purpose of better under-standing,
the combined finan-cials of the entities prior to mer-ger have been used as
reference for last year. Listing formalities for the merged Entity has been
completed.

Cyber Media News Service

Chennai