Chennai-based TVS Electronics, part of TVS Group has reported net loss after tax of Rs 4.70 crore during the third quarter ended December 31, 2008, as compared to loss of Rs 0.68 crore for the same period last year.
Company also reported 26 per cent drop in sales at Rs 37 crore during the last quarter, as compared to Rs 50 crore last year.
Total income also dropped to Rs 38 crore from Rs 51 crore, drop of 25 per cent.
During the quarter, employee cost had rose by 26 per cent to Rs 4.13 crore as compared to Rs 3.27 crore.
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