TVSELECT

What TVS Electronics promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q4 FY26

what the last two calls moved 6 tracked 0 delivered 2 missed 4 open
  • R&D Expense as % of Revenue went quiet said Q2 FY26 Promised: I think our target is 2% to 3% to invest on the R&D and all the growth initiatives. Q4 FY26: No mention of R&D expenditure for Q4 or full year FY26 in the earnings call or presentation, making it impossible to verify against the 2-3% target for FY26.
  • EBITDA Margin on track said Q2 FY26 Promised: I think, as the revenue scales in fixed cost remains at the same level, I think the margins should improve. Q4 FY26: EBITDA margin improved to 5.96% in Q4 FY26, up 413 bps YoY and 24 bps QoQ. Management states the improvement is structural, validating the guidance.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 6 tracked commitments for TVS Electronics — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens