Tata Elxsi Share Price (NSE: TATAELXSI): Tata Group Share’s Tata Elxsi has reported results for the third quarter that ended December 31, 2023 (Q3FY24).
Tata Elxsi has disclosed a 6.04% increase in its net profit, amounting to Rs. 206.43 crores for the current quarter, compared to Rs. 194.68 crores for the corresponding quarter in the previous year.
Tata Elxsi, a global design and technology services company, experienced significant growth in its Operating Profit, reaching 3050.76 million in the quarter ending December 2023, up from 2659.92 million.
Tata Elxsi Finacial Reports
The company’s net income saw a 3% growth, reaching Rs 200.2 crore in the quarter ending September 2023. Operating revenue also experienced a 3% quarterly increase, reaching Rs 881.6 crore in the second quarter of FY24.
Tata Elxsi’s net profits showed a significant surge, rising by 77% to Rs 595.3 crore in the nine months spanning March to December 2023, compared to Rs 553.6 crore in December 2022. During the same period, revenue from operations increased from Rs 2,355 crore in December to Rs 2,734.5 crore by March-December 2023, marking a 16% increase.
In the quarter from October to December, the transportation sector witnessed a 2.7% quarter-on-quarter (QoQ) expansion and a 15.6% year-on-year (YoY) growth. Design Digital, a prominent player in industrial design, played a pivotal role in driving business growth, with a 12.8% increase in QoQ and a remarkable 25% YoY rise.
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Tata Elexsi Share – Quarterly Result
Bangalore, January 23, 2024: Tata Elxsi (BSE: 500408 | NSE: TATAELXSI), a prominent global provider of design-led technology services, has disclosed its third-quarter results for the period ending December 31, 2023.
In the quarter concluding on December 31, 2023, the company reported operating revenue of Rs. 914.2 Cr, reflecting a growth of 3.7% QoQ.
Key Highlights for the Quarter Ended December 31, 2023:
- Revenues from operations reached Rs. 914.2 Cr, with a growth of 3.7% QoQ and 11.8% YoY.
- Operating revenue growth was +3.0% QoQ and +9.4% YoY on a constant currency basis.
- Operating Margin stood at 29.5%, with Net Margin (PBT) at 28.9%.
- Profit Before Tax (PBT) amounted to Rs. 274.1 Cr, reflecting a growth of 14.2% YoY.
- Profit After Tax (PAT) was Rs. 206.4 Cr, showing a 3.2% QoQ increase and 6.0% YoY growth.
- Earnings Per Share (EPS) reached Rs. 33.15, marking a 3.2% QoQ increase and 6.0% YoY growth.
Business Highlights:
- The transportation sector witnessed growth at 2.7% QoQ and 15.6% YoY, driven by deal wins and the ramp-up of Software Defined Vehicle (SDV) engagements.
- The healthcare sector experienced growth at 4.6% QoQ and 13% YoY, fueled by new product engineering and regulatory services.
- Media and Communications sector grew by 0.6% QoQ and 3.4% YoY, performing well in an unfavorable environment for the entire media, telecom, and technology industry.
- Industrial Design revenue showed strong growth at 12.3% QoQ, leading with Design Digital.
- System Integration services grew by 14.7% QoQ, supported by key deal wins and managed services.
About Tata Elxsi
Established in 1989 in Bangalore and headquartered in Bengaluru, Tata Elxsi boasts a workforce of 11,639 employees as of 2023. Additionally, it operates a subsidiary, Tata Elxsi (Singapore) Pte. Ltd.
Tata Elxsi stands as a global leader in providing design and technology services across diverse industries, including Automotive, Broadcast, Communications, Healthcare, and Transportation.
By leveraging design thinking and deploying digital technologies such as IoT (Internet of Things), Cloud, Mobility, Virtual Reality, and Artificial Intelligence, Tata Elxsi is actively assisting customers in reimagining their products and services. If you’d like to learn more, please visit their website at www.tataelxsi.com.
Tata Elxsi Share Price History After IPO
The historical share price performance of Tata Elxsi from 1992 to 2024 is detailed below. In 1992, the share price started at ₹26.69 and fluctuated between a high of ₹59.30 and a low of ₹20.76. Over the years, the share price experienced various ups and downs. Notable changes include a significant drop of 57.8% in 1993, a substantial increase of 330.6% in 1999, and a drastic decline of 67% in 2000. The share price reached its peak in 2021 at ₹5867.80, showcasing a remarkable growth of 222.1%. However, in 2024, it saw a decrease of 11.3%, with the share price ranging between ₹8949 (high) and ₹7744 (low). These fluctuations in Tata Elxsi’s share price reflect the dynamic nature of the market and the company’s performance over the years.
From 1992 to 2024, Tata Elxsi has delivered a total return of +7,750.00 (22,142.86%). In 1992, the share price commenced at ₹26.69, and by 2024, it had reached ₹7,785.00 INR.
Conclusion
This article serves as a comprehensive guide to the 752.87% Return in 5 years of Tata Elexsi Tata Group Share. The information and forecasts are derived from our analysis, research, company fundamentals, historical data, experiences, and various technical analyses. The article delves into the share’s prospects and growth potential in detail. Feel free to comment below if you have any further queries. We are more than happy to address all your questions. If you find this information helpful, consider sharing the article with as many people as possible.
Disclaimer:
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