Tata Elxsi Ltd: Q3FY17 results
Bhagyashree Vivarekar / 25 Jan 2017
Tata Elxsi Ltd. reported its results for the quarter ended December 31, 2016 post market hours today. The total sales for Q3FY17 came in at Rs 309.39 crore, which represents a 2.01 per cent sequential increase and 12.89 per cent YoY increase.
Tata Elxsi Ltd. reported its results for the quarter ended December 31, 2016 during market hours today.
The total sales for Q3FY17 came in at Rs 309.39 crore, which represents a 2.01 per cent sequential increase and 12.89 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 66.96 crore and the EBIT margin stood at 21.64 per cent.
The company reported PAT of Rs 43.78 crore, which represents a sequential QoQ increase of 1.65 per cent and a YoY increase of 9.72 per cent.
The company's stock which opened for trading at Rs 1525 on the BSE, has fallen by 3.14 per cent after the results were declared and is currently trading around Rs 1480.
Tata Elxsi Ltd is an Indian company engaged in the business of system integration and support services and software development and services. The company's business divisions include embedded products design, industrial design, visual computing labs and system integration. The company provide customised design solutions to companies across the globe, ranging from automotive to aerospace, enterprise to consumer electronics, entertainment to FMCG, media to storage, semiconductors to telecom.
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