Tata Elxsi shares rose as a lot as 9.64 per cent to hit an all-time excessive of Rs 3,340.
Tata Elxsi shares rose as a lot as 9.64 per cent to hit an all-time excessive of Rs 3,340 on the BSE a day after it reported March quarter earnings. The Bengaluru-based design-led know-how companies supplier – Tata Elxsi – reported internet revenue of Rs 115.16 crore in January-March quarter that marked a rise of 40 per cent from internet revenue of Rs 82 crore throughout the identical quarter final yr. (Track Tata Elxsi share value right here)
Tata Elxsi’s income from operations rose 18 per cent yearly to Rs 518 crore in contrast with Rs 438.8 crore through the March quarter of final yr.
For monetary yr 2021, the corporate reported income of Rs 1,826.2 crore, registering a development of 13.4 per cent year-on-year (YOY). During the interval, firm generated revenue bfore tax of Rs 511.9 crore, registering a development of 45.3 per cent YoY and crossing Rs 500 crore mark for the primary time within the firm’s historical past.
The development was led by America and India with each reporting 21.1 per cent sequential development whereas Europe grew by 1.6 per cent, Tata Elxsi stated in a press launch.
“It was a satisfying quarter with continued growth across offerings, industries and geographies. We continue to execute strongly on our growth aspirations with over 9% QoQ revenue growth in constant currency. Both Transportation and Media and Communications reported another steady quarter of sustained growth while our Healthcare business continues to grow faster. We have seen new customer additions and large deals in all three industry segments in the quarter,” Manoj Raghavan, CEO and Managing Director, Tata Elxsi stated in a press release.
As of 1:43 pm, Tata Elxsi shares traded 6.35 per cent greater at Rs 3,239, outperforming the Sensex which was down 0.28 per cent.
