Hold Tata Elxsi; target of Rs 8190: Sharekhan
Sharekhan recommended Hold rating on Tata Elxsi with a target price of Rs 8190 in its research report dated October 17, 2023.18-10-2023
18-10-2023
TATA ELXSI LTD. - 500408 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation on loss of share certificates is enclosed.18-10-2023
Tata Elxsi Results Earnings Call for Q2FY24
Conference Call with Tata Elxsi Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.17-10-2023
TATA ELXSI LTD. - 500408 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation is attached17-10-2023
Q2FY24 Quarterly Result Announced for Tata Elxsi Ltd.
IT Consulting & Software company Tata Elxsi announced Q2FY24 results: 1. Financial Performance: - In the second quarter of FY24, Tata Elxsi reported revenues from operations of Rs 881.7 crore, representing a 3.7% QoQ growth and 15.5% YoY growth. - The company achieved an operating margin of 29.9% and a net margin (PBT) of 28.9%. - Profit Before Tax (PBT) increased by 6.3% QoQ and 20.4% YoY, reaching Rs 263.9 crore. - Profit After Tax (PAT) registered a growth of 5.9% QoQ and 14.8% YoY, amounting to Rs 200.0 crore. - Earnings Per Share (EPS) stood at Rs 32.12, showing a 5.9% QoQ increase and a 14.8% YoY increase. 2. Business Highlights: - Transportation segment achieved a QoQ growth of 7.1% and a YoY growth of 26.1%, driven by large deals and strong traction in Software Defined Vehicle (SDV) engagements. - Healthcare segment experienced a QoQ growth of 3.6% and a YoY growth of 8.5%, attributed to new product engineering, digital health, and regulatory services. - Media and Communications segment witnessed marginal QoQ growth of 0.1% and YoY growth of 2.8%, supported by platform-led deals and growth in key accounts. - Industrial Design division crossed Rs 100 crore in revenue for the first time, achieving a growth of 35.4% YoY. 3. Talent Acquisition: - Tata Elxsi added 585 employees during the quarter, emphasizing its commitment to investing in talent and building a strong talent pipeline. - The company's employee engagement and talent retention strategies contributed to attrition further improving to 13.7%. Manoj Raghavan, CEO and Managing Director, Tata Elxsi, commenting on the company’s performance in the second quarter of FY24, said, “We are happy to report a healthy performance in the second quarter with a top-line growth of 3.7% QoQ and 15.5% YoY in a challenging quarter for the industry. Our EBITDA has grown 4.8% QoQ and 16.3% YoY and our EBITDA margin has improved by 31 bps to 29.9%. This underlines our strong focus on delivery and operational excellence, key account management and differentiated offerings. Our Transportation business, which accounts for 46.2% of the revenue coming from three verticals, witnessed strong growth of 7.1% QoQ and 26.1% YoY. During the quarter, we also won a landmark multi-year large deal for SDV from one of the leading Automotive OEMs. Our Healthcare & Lifesciences business too registered a healthy growth of 3.6% QoQ and 8.5% YoY. Our strong design capabilities are helping us win multi-year innovation deals with leading device manufacturers. Our Media & Communication business continues to face a cautious industry environment and grew marginally at 0.1% QoQ and 2.8% YoY. We continue to closely engage with our key customers and are developing new offerings and relevant partnerships that will help them drive efficiencies and create new revenue streams in a challenging business environment. Our Design-Digital strategy is playing out well and has helped our Industrial Design division to crore Rs 100 crore revenue mark for the first time in company history. The division grew by 4.1% QoQ and 35.4% on a YoY basis, driven by strong demand for Design-Led engineering services. We continue to invest in building our talent pipeline with a net add of 585 Elxsians in the quarter. Our employee engagement and talent retention strategies have contributed to attrition further improving to 13.7%. We are starting our third quarter with confidence in our differentiated Design-Digital capabilities and a strong deal pipeline.” Result PDF17-10-2023
TATA ELXSI LTD. - 500408 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed the Press Release dated October 17, 2023 titled "Tata Elxsi delivers healthy growth in Q2 FY24 with revenue from operations growing at 3.7% QoQ and 15.5% YoY, and EBITDA margin at 29.9%."17-10-2023
TATA ELXSI LTD. - 500408 - Audited Financial Results For The Quarter And Half-Year Ended September 30, 2023
Audited Financial Results for the quarter and half year ended September 30, 202317-10-2023
TATA ELXSI LTD. - 500408 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 this is to inform you that the Investors' Conference call in respect of the Financial Results of the Company for the quarter and half-year ended September 30, 2023 is scheduled to be held on Tuesday, October 17, 2023 at 19:00 Hrs (IST), during which the Leadership team will discuss the financial performance of the Company.12-10-2023
TATA ELXSI LTD. - 500408 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation on issuance of letter of confirmation in lieu of duplicate share certificates is enclosed.11-10-2023
TATA ELXSI LTD. - 500408 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation on loss of share certificates is enclosed.11-10-2023