Tata Elxsi : Q1FY18 result
DSIJ Intelligence / 27 Jul 2017
Total sales for this quarter, Q1FY18, came in at Rs. 323.22 crores. This represents a 1.15 per cent sequential decline and 9.25 per cent YoY increase.
Tata Elxsi Ltd. reported its results for the quarter ended June 30, 2017 today.
Total sales for this quarter, Q1FY18, came in at Rs. 323.22 crores. This represents a 1.15 per cent sequential decline and 9.25 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 66.93 crores and the EBIT margin stood at 20.71 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 49.74 crores which represents a sequential QoQ increase of 14.37 per cent and a YoY increase of 19.34 per cent.
The company's stock which opened for trading at Rs. 1681 on the BSE, rose by 2.5 per cent after the results were declared and is currently trading around the Rs. 1718 mark.
Tata Elxsi operates in the design and development of computer hardware and software. The Company operates in two segments: System integration & support, and Software Development & Services.
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