Srotaswini Mohapatra
Pune, 11 July 2024
Tata Elxsi, renowned for its design-driven technology services, unveiled its financial results for the first quarter ending June 30, 2024.
For the quarter ending 30th June 2024, company reported Rs. 926.5 Cr of operating revenue, a growth of 2.3% QoQ.
Highlights of the Quarter Ended 30th June 2024:
- Revenues from operations at Rs. 926.5 Cr, + 2.3% QoQ, + 9.0% YoY
- Operating (EBITDA) Margin at 27.2%; Net Margin (PBT) at 26.3%
- Profit Before Tax (PBT) at Rs. 252.4 Cr, +1.6% YoY
Business Highlights:
- Transportation grew strongly at 5.3% QoQ CC, aided by deal wins and ramp-up of Software Defined Vehicle (SDV) engagements
- Media and Communications grew 0.5% QoQ CC, performing creditably in a difficult environment for the media and telecom industry
- System Integration services grew strongly at 8.7% QoQ CC
Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Broadcast, Communications, Healthcare and Transportation.
