Tata Elxsi Q2 profit up 39%; revenues from operations at Rs 763.2 crore
For the quarter that ended September 30, the company reported a 28.2 per cent, year-on-year (YoY), rise in its revenue from operations, which came at Rs 763.2 crore.14-10-2022
14-10-2022
TATA ELXSI LTD. - 500408 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Tata Elxsi delivers steady growth in Q2FY23 with 5.1% QoQ growth in revenues and industry leading EBITDA margin of 29.7%14-10-2022
Q2FY23 Quarterly Result Announced for Tata Elxsi Ltd.
IT Consulting and Software company Tata Elxsi announced Q2FY23 results: Revenues from operations at Rs. 763.2 crore, +5.1% QoQ, +28.2% YoY Industry-leading EBITDA Margin at 29.7% Profit after tax at Rs. 174.3 crore, growing 39.1% YoY EPS grows 39.0% YoY to Rs. 27.98 Crosses 11,000 employee mark with 1,532 net additions in the quarter Q2 Business Highlights: Transportation grows 3.8% QoQ and 30.4% YoY, aided by large deals in EV, ADAS and adjacencies in rail and offroad vehicles. Healthcare continues to witness strong growth of 8.2% QoQ and 55.9% YoY, driven by new product engineering and regulatory services. Media and Communications reports growth at 2.1% QoQ and 22.2% YoY, aided by platform-led deals and entry into new operator accounts. Mr. Manoj Raghavan, CEO and Managing Director, Tata Elxsi, commenting on the company’s performance, said: “We have delivered a quarter of steady growth amidst macro-economic uncertainty and currency headwinds in our key markets. We are seeing strong and sustained growth in the automotive and adjacent segments, led by our EV and digital capabilities. We are gaining market share in both Automotive and Media & Communications, especially in Europe. The numbers are muted in the region due to unfavorable currency movement. We won multi-year deals in EV and autonomous driving systems in the automotive space, and a next-gen platform for connectivity and infotainment with a leading offroad equipment maker. We have won strategic platform-led deals in media and communications, with new SaaS and managed services models. For us, this has been a quarter of investing strongly in growth for the future. With a net add of 1532, we have added the highest number of Elxsians in our history in a single quarter, while the attrition rate declined for the second consecutive quarter. We have also invested in expanding our facilities in existing locations of Bengaluru, Chennai and Pune, and new talent bases in Kozhikode and Hyderabad. We are also making significant investments in growing our leadership pipeline for delivery, technology and sales. This is essential for us to establish the next base of talent to win, manage and grow the increasing number of strategic accounts and new offerings we are bringing to market. We are entering the second half of the financial year with a strong order book and a healthy deal pipeline across key markets and industries, and the confidence of customers in our technology capabilities and differentiated delivery models. Importantly, we have invested in capacity and capability building for engineering talent, leadership and technology that will drive our next phase of growth.” Result PDF14-10-2022
TATA ELXSI LTD. - 500408 - Announcement under Regulation 30 (LODR)-Investor Presentation
Q2 FY23 Earnings Presentation and Fact Sheet14-10-2022
TATA ELXSI LTD. - 500408 - Audited Financial Results For The Quarter And Half Year Ended September 30, 2022
Please find enclosed, the audited financial results of the Company in the prescribed format for the quarter and half year ended September 30, 2022, which were approved and taken on record by the Board of Directors of the Company at their Meeting held today - October 14, 2022. The Auditors' Report with an unmodified opinion on the said financial statement is also attached herewith.14-10-2022
TATA ELXSI LTD. - 500408 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Certificate under Regulation 74 (5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 202211-10-2022
TATA ELXSI LTD. - 500408 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
This is to inform you that the Investors' Conference call on the Q2 FY23 results of Tata Elxsi Limited will be held on Friday, October 14, 2022 at 19:30 Hrs, IST, during which the Leadership team will discuss the financial performance of the Company and take questions.11-10-2022
TATA ELXSI LTD. - 500408 - Board Meeting Intimation for To Consider And Approve The Audited Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2022.
TATA ELXSI LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/10/2022 ,inter alia, to consider and approve the Audited Financial Results of the Company for the quarter and half year ended September 30, 2022.05-10-2022
1 lakh turns to 13 crore in 27 years as IT stock gave one bonus share
Tata Elxsi share price has given 50% return to its shareholders in last one year time24-09-2022