Tata Elxsi Shares Fall The Most In Three Months After Q4 Profit Miss

The net profit of Tata Elxsi fell 4.6% to Rs 196.9 crore in the quarter ended March 31, missing Bloomberg's estimate of Rs 207.37 crore.
24-04-2024
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TATA ELXSI LTD. - 500408 - Grant Of Stock Options Under 'Tata Elxsi Limited - Performance Stock Option Plan- 2023

Pursuant to Regulation 30 of SEBI LODR, 2015, we wish to inform that the Board of Directors on April 23, 2024, based on the recommendation of the Nomination and Remuneration Committee approved the additional Grant of 43,169 Performance Stock Options to the eligible employees.
23-04-2024

Tata Elxsi Ltd. Results Earnings Call for Q4FY24

Conference Call with Tata Elxsi Ltd. Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
23-04-2024
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Q4FY24 Quarterly & FY24 Annual Result Announced for Tata Elxsi Ltd.

IT Consulting & Software company Tata Elxsi announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenues from operations amounted to Rs 905.9 crore, showing a decrease of 0.9% QoQ but an increase of 8.1% YoY. Operating revenue growth was -0.6% QoQ and +7.2% YoY on a constant currency basis. EBITDA Margin was at 28.8%, with PBT at 27.9%. Profit Before Tax (PBT) reached Rs 262.4 crore, reflecting a 4.9% YoY increase. FY24 Financial Highlights: Revenues from operations reached Rs 3,552.1 crore, marking a 13.0% YoY increase. EBITDA Margin stood at 29.5%, with Profit before Tax (PBT) margin at 28.5%. PBT experienced growth of 11.9% to Rs 1,048.7 crore. Software Development and Services (SDS) saw a YoY growth of 9.3% in constant currency. System Integration & Support (SIS) witnessed a YoY growth of 18.6% in constant currency. The Board of Directors have recommended a final dividend of 700% (Rs 70 per equity share of par value of Rs 10 each) for FY24, subject to approval by the shareholders of the company at the Annual General Meeting. FY24 Industry Highlights: Transportation exhibited strong growth, with a revenue increase of 24.6% YoY, supported by deal wins in Electric, Software Defined Vehicles, and OEMs. Healthcare sustained growth at 10.8% YoY. Media and Communications experienced a modest growth of 0.2% YoY amidst a challenging business environment for the industry. Manoj Raghavan, CEO and Managing Director, Tata Elxsi, commenting on the company’s performance in the financial year 2023-24, said: “The financial year 2024 has been a year of consistent operational performance with a revenue growth of 13% despite global macroeconomic uncertainties, and volatility in the media and communications industry over the last few quarters. We have done well to maintain an industry-leading EBITDA margin at 29.5% for the year, even while we continued to invest in expanding our talent base through all four quarters, with a net addition of 1,535 Elxsians through the year. We had laid down a strategy of integrating our design business deeply with our key industry verticals, complementing our software and digital business with a design-led proposition. This is now complete, with a seamless end-to-end proposition from ideation to market introduction. This is enhancing our competitive differentiation, providing early visibility into customer product roadmaps, and croreeating larger downstream development deals. Starting with this quarter, we are reporting this integrated view of design-digital in all three verticals, under the Software and Design Services segment (SDS)." Result PDF
23-04-2024
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TATA ELXSI LTD. - 500408 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

Tata Elxsi delivers 13% revenue growth in FY24; EBITDA margin at 29.5%
23-04-2024
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TATA ELXSI LTD. - 500408 - Board Meeting Outcome for Dividend For FY 23-24

Recommendation of dividend for FY 23-24
23-04-2024
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