Tata Elxsi Ltd Q4FY21 PAT climbs to Rs. 115.16 crore

TATA ELXSI LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.525.22 crores during the period ended March 31, 2021 as compared to Rs.492.18 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.115.16 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.105.20 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.18.49 for the period ended March 31, 2021 as compared to Rs.16.89 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 525.22 crs	₹ 492.18 crs	6.71%
Net Profit	₹ 115.16 crs	₹ 105.20 crs	9.47%
EPS	₹ 18.49	₹ 16.89	9.47%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.525.22 crores during the period ended March 31, 2021 as compared to Rs.452.27 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.115.16 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.82.08 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.18.49 for the period ended March 31, 2021 as compared to Rs.13.18 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 525.22 crs	₹ 452.27 crs	16.13%
Net Profit	₹ 115.16 crs	₹ 82.08 crs	40.3%
EPS	₹ 18.49	₹ 13.18	40.29%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1865.92 crores during the 12 months period ended March 31, 2021 as compared to Rs.1668.27 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.368.12 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.256.10 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.59.11 for the 12 months period ended March 31, 2021 as compared to Rs.41.12 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 1865.92 crs	₹ 1668.27 crs	11.85%
Net Profit	₹ 368.12 crs	₹ 256.10 crs	43.74%
EPS	₹ 59.11	₹41.12	43.75%

Commenting on the performance, Mr. Manoj Raghavan, CEO and Managing Director, Tata Elxsi said: "It was a satisfying quarter with continued growth across offerings, industries and geographies. We continue to execute strongly on our growth aspirations with over 9% QoQ revenue growth in constant currency.

Both Transportation and Media and Communications reported another steady quarter of sustained growth while our Healthcare business continues to grow faster. We have seen new customer additions and large deals in all three industry segments in the quarter.

We have added key new customers including a Tier 1 operator and a leading medical devices manufacturer in North America. We have also closed some large deals including a multi-million dollar deal with a global OEM for an integrated connected vehicle program in one of their key markets that will leverage our IoT platform.

Our design business continues to grow strongly, with improved deal flow and revenues from new deals as well as cross-selling into existing customers for upstream and design-led work. We are improving our ability to communicate the value of our integrated design and product engineering across customers in all our verticals, and will build on this traction in the coming quarters.

On the whole, it has been a great performance by the team in an extraordinary year and environment that posed huge challenges to maintaining business continuity and customer centricity, while ensuring the safety and wellbeing of our employees across the world.

The entire Tata Elxsi team has demonstrated great commitment and passion to ensure we stay focused on technology and delivery excellence, customer delight and opportunities for growth.

I am delighted to exit FY21 with all-round growth in revenues, margins and customer additions. We are entering a new financial year with the continued confidence of our customers in our differentiated capabilities in technology, design and digital, and a strong position in our chosen verticals."

Shares of TATA ELXSI LTD. was last trading in BSE at Rs.3046.25 as compared to the previous close of Rs. 2998.05. The total number of shares traded during the day was 17516 in over 1502 trades.

The stock hit an intraday high of Rs. 3064 and intraday low of 2997.95. The net turnover during the day was Rs. 53219270.

Source : Equity Bulls

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