TATA ELXSI Q1FY23 result : PAT grew 15.4% and income up 5.2% Transportation grew 6.3% QOQ, PAT up 62% YoY

Transportation grows 6.3% QoQ and 41.8% YoY, aided by large deals and engagements in EV and Software Defined Vehicles. • Healthcare continues to witness strong growth of 10% QoQ and 53.6% YoY, driven by digital health and global regulatory services. • Media and Communications reports a quarter of steady and consistent growth at 4.7% QoQ and 29% YoY, aided by continued growth in key accounts and large deals in network transformation and AdTech.

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Tata Elxsi Ltd the product design arm of the multi-billion Tata Group was incorporated in March 30th 1989 as Tata Elxsi (India) Ltd. The company provides product design and engineering services to the consumer electronics communications and transportation industries and systems integration and support services for enterprise customers.

It provides digital content creation for media and entertainment industry. The company is having their state-of-the-art design centers and operates through delivery centers in Bangalore Pune Chennai Mumbai and Thiruvanathapuram. It has only one subsidiary namely Tata Elxsi (Singapore) Pte Ltd. The Company operates in two segments namely Software Development and Services and Systems Integration and Support.

The company has posted its Q1FY23 financial results today, the details are as below :

(I) Unaudited Consolidated Financial Results for Quarter Ended (QOQ comparison):

The company has reported, a consolidated Total Income of ₹736.20 crore in the quarter ended on June 30, 2022 as against ₹ crore in the last quarter ended on Mar 31, 2022, increased by 5.21%.

The company has posted a consolidated Net Profit of ₹184.72 crore in the quarter ended on March 31, 2022 as against ₹ crore in the previous quarter ended on June 30, 2022. The PAT surges up by 15.44%.

The status of the EPS of the company stood at ₹29.66 as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹25.69, up by 15.45%.

₹*June 30, 2022 (Q1FY23) Mar 31, 2022 (Q4FY22)
Total Income736.20699.82
Total Expenses5083.18479.56
PBT /(Loss)228.02220.26
Total Tax /(credit)43.3060.25
PAT /(Loss) [to the owners]184.72160.01
*figures are in Crores

(I) Unaudited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹736.20 crore in the financial year ended on June 30, 2022 as against ₹ crore for the same quarter ended on last year June 30, 2021 that increased by 27.85%.

The company has posted a consolidated Net Profit of ₹184.72 crore in the financial year ended on June 30, 2022 as against ₹ crore for the same quarter ended on last year June 30, 2021. The PAT surges up by 62.93%.

The status of the EPS of the company stood at ₹29.66 as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹18.21, up by 62.88%.

₹*June 30, 2022 (Q1FY23)June 30, 2021(Q1FY22)
Total Income736.20575.81
Total Expenses508.18421.88
PBT /(Loss)228.02153.93
Total Tax /(credit)43.3040.55
PAT /(Loss) [to the owners]184.72113.37
*figures are in Crores
Market Times

(III) Key Highlights about the Performance :

Highlights of the Quarter Ended June 30, 2022
• Revenues from operations at Rs. 725.9 Cr, up 6.5% QoQ, up 30.0% YoY
• EBITDA grows 7.6% QoQ and 58.8% YoY to 238.2 Cr
• Industry-leading EBITDA Margin at 32.8%

Q1 Business Highlights:
Industries:
• Transportation grows 6.3% QoQ and 41.8% YoY, aided by large deals and engagements in EV and Software Defined Vehicles.
• Healthcare continues to witness strong growth of 10% QoQ and 53.6% YoY, driven by digital health and global regulatory services.
• Media and Communications reports a quarter of steady and consistent growth at 4.7% QoQ and 29% YoY, aided by continued growth in key accounts and large deals in network transformation and AdTech.

Shares of Tata Elxsi Ltd was last trading in BSE at ₹7798.00 as compared to the previous close of ₹7711.50. The total number of shares traded during the day was 32662 in over 9161 trades

The stock of Tata Elxsi Ltd last hit in BSE,

  • Intraday High of ₹ 7844.85
  • Intraday low of ₹ 7635.05