Tata Elxsi, a supplier of design and know-how companies throughout industries together with automotive, broadcast, communications, healthcare and transportation from the Tata secure, stated its FY23 internet revenue grew 37.4% to ₹755.2 crore whereas income grew 27.3% at ₹3,144.7 crore.
For the quarter ended March 31, 2023, the corporate reported ₹837.9 crore of income, a growth of twenty-two.9% over the identical quarter of the earlier yr (YoY). During the interval, its internet revenue stood at ₹201.5 crore, registering a growth of 25.9% YoY.
All three segments together with Embedded Product Design (24.0%), Industrial Design & Visualisation (IDV) (25.7%) and System Integration & Support (SIS) (54.4%) delivered sturdy growth in FY23, stated Manoj Raghavan, CEO and Managing Director, Tata Elxsi.
“In a matter of just two financial years, our top line has grown by 72% to ₹3144.7 crore and our PAT has almost doubled to ₹755.2 crore.”
Tata Elxsi would proceed to speculate in constructing a expertise pipeline to gasoline future growth, he stated.
“Our employee-friendly policies have ensured that our attrition numbers are one of the lowest amongst our peers and industry at large,” he additional stated.
