Tata Elxsi Q3 2024 Results :Revenues from operations at Rs. 914.2 Cr, PAT at Rs. 206.4 Cr

India:

Tata Elxsi Q3 2024 Results Highlights :

In the quarter concluding on December 31, 2023, the company disclosed operating revenue of Rs. 914.2 Cr, reflecting a quarter-on-quarter growth of 3.7%.

•  Operating revenues reached Rs. 914.2 Cr, marking a 3.7% quarter-on-quarter increase and an 11.8% year-on-year growth.
•  On a constant currency basis, the growth in operating revenue stood at +3.0% QoQ and +9.4% YoY.
• The operating margin reached 29.5%, while the net margin (PBT) stood at 28.9%.
•  Profit Before Tax (PBT) amounted to Rs. 274.1 Cr, reflecting a robust 14.2% year-on-year growth.
•  Profit After Tax (PAT) totaled Rs. 206.4 Cr, with a 3.2% quarter-on-quarter increase and a solid 6.0% year-on-year growth.
•  Earnings Per Share (EPS) were reported at Rs. 33.15, showing a 3.2% quarter-on-quarter rise and a 6.0% year-on-year increase.

Key Business Highlights:

• Transportation exhibited a 2.7% quarter-on-quarter growth and an impressive 15.6% year-on-year growth, attributed to successful deal acquisitions and the progressive implementation of Software Defined Vehicle (SDV) engagements.
•  Healthcare saw a robust growth of 4.6% QoQ and 13% YoY, fueled by advancements in new product engineering and regulatory services.
• Media and Communications demonstrated resilience with a 0.6% QoQ growth and a commendable 3.4% YoY growth, despite challenges in the broader media, telecom, and technology industry.
•  Industrial Design revenue experienced substantial growth at 12.3% QoQ, led by the success of Design Digital initiatives.
• System Integration services recorded a notable growth of 14.7% QoQ, supported by significant deal victories and the expansion of managed services.