Tata Elxsi announces Q4 results: Revenues rise 7.2 per cent

The global product engineering company Tata Elxsi announced Q4FY16 results today; in line with the expectations.

Tata Elxsi has reported standalone Revenues at Rs 293.95 crore as against Rs 274.08 crore in the last quarter, an increase of 7.2 per cent. Revenues from System Integration and Support Services have risen 64 per cent to Rs 20.41 crore. EBITDA rose 1.2 per cent at Rs 67.15 crore as against Rs 66.35 crore in the last quarter. Company’s Net Profit has come in at Rs 41.09 crore as against Rs 39.9 crore, an increase of 3 per cent.

The Year on Year (YOY) results show that, Company’s standalone Revenues have risen by 27.1 per cent from Rs 231.28 crore in the same quarter last year. EBITDA of company has risen by 41.7 per cent from Rs 47.4 crore. YoY Net profit (PAT) has seen an exceptional increase of 37.7 per cent from Rs 29.84 crore.

On a yearly basis Tata Elxsi has posted standalone revenues from operations at Rs 1075.21 crore for the year ended March 2016 compared to Rs 849.40 crore in March 2015, an increase of 26.6 per cent. Net profit too has risen from Rs 102.9 crore in FY15 to 154.81 crore in FY16, an increase of 50.4 per cent. Net profits from software development & services have increased 47 per cent from Rs 176.33 crore to Rs 259.66 crore for FY16.

Tata Elxsi is engaged in the design and development of computer hardware and software. The Company deals in two segments viz; software development and services, and system integration and support.

The stock closed at Rs 1907.95 on Thursday, a decrease of 6.53 per cent.