Tata Elxsi Q4 net up 40% at Rs 115 cr

Bengaluru: Tata Elxsi on Thursday posted a net profit of Rs 115.2 crore for the fourth quarter of FY21, which was 40 per cent rise over the same period of previous fiscal year. Revenues of the engineering services firm were at ₨ 518.4 crore, registering a growth of 18 per cent on year-on-year basis. Operating margin of the company stood at 32.4 per cent during the January-March period.

For the fiscal year FY21, the Bengaluru-headquartered firm's net profit for the year stood at Rs 368 crore, a growth of 43.7 per cent on YoY basis. Revenues of the firm during the last fiscal year were at Rs 1,826 crore, a 13.4 rise on YoY basis. For the whole fiscal year, operating margin of the firm was at 28.6 per cent.

"It was a satisfying quarter with continued growth across offerings, industries and geographies. Both transportation and media & 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," said Manoj Raghavan, CEO and Managing Director at Tata Elxsi.

The engineering services firm also said that it closed some large deals including a multi-million dollar deal with a global OEM player for an integrated connected vehicle programme, which will leverage its IoT (internet of things) platform. In geographical term, growth was led by America and India with both reporting 21 QoQ (quarter on quarter) rise while Europe grew by 1.6 per cent on QoQ basis. Total headcount of the company was at 7,362, with an attrition level of 7.4 per cent by the end of March quarter. The company also announced total dividend of Rs 48 per share comprising a final dividend of Rs 24 and a special dividend of Rs 24 on Thursday.