Tata Elxsi addresses the communications, consumer products, defence, healthcare, media & entertainment, semiconductor and transportation sectors. This is supported by a talent pool of over 4000 employees and a network of design studios, development centers and offices worldwide. Key services include embedded product design, industrial design, animation & visual effects and systems integration.

Headquartered in Bangalore, India, its global network of offices includes Dubai, France, Germany, Japan, Malaysia, Singapore, South Africa, UAE, UK, and USA.

q-o-q results

On sequential basis, Tata Elxsi registered 2% rise in sales to Rs 382.03 crore for the quarter ended June 2018. OPM rose 250 basis points to 27.9% which took OP up 12% to Rs 106.52 crore.

Other income crashed 60% to Rs 7.85 crore. As depreciation fell 1% to Rs 6.10 crore, PBT stayed unchanged at Rs 108.26 crore. Provision for tax fell 1% to Rs 37.77 crore, after which PAT stagnated at Rs 70.50 crore.

y-o- y results

On y-o-y basis, sales were up 18% and OPM jumped 520 basis points to 27.9%. OP was up 45%. PBT grew 45% and PAT jumped 42%.

FY 2018 results

For FY 2018, Tata Elxsi registered a 12% rise in sales to Rs 1386.30 crore. OPM improved 100 basis points to 25.0% which took OP up 17% to Rs 346.01 crore

Other income jumped stood at a profit of Rs 43.25 crore against a loss of Rs 5.41 crore. As depreciation fell 6% to Rs 25.35 crore, PBT grew 38% to Rs 363.91 crore. Provision for tax grew 38% to Rs 123.87 crore, after which PAT rose 37% to Rs 240.04 crore.

Valuation

The stock trades at Rs 1454.