EBITDA stood at Rs 249.5 crore in the quarter ended 31 March 2023 (up 1.1% QoQ and up 12.8% YoY). EBITDA margin was at 29.8% in Q4 FY23 as compared to 30.2% in Q3 FY23 and 32.5% posted in Q4 FY22.

During the quarter, Industrial Design & Visualization recorded a strong growth of 52.8% YoY in constant currency terms. This is primarily due to increased flow of design-led engineering deals. System Integration and Support (SIS) division reported a robust 77.6% YoY growth in constant currency terms on a relatively smaller base.

The company's total headcount at the end of the March 2023 stood at 11,864. The company's Last Twelve Months (LTM) attrition rate stood at 17.3% in Q4 FY23

The company stated that transportation continues to grow strongly, registering a revenue growth of 23.2% YoY in the fourth quarter in constant currency terms, supported by deal wins in electric and autonomous. Media and Communications grew by 3.9% YoY in constant currency terms in a challenging business environment for industry. Healthcare delivered consistent and sustained growth of 11.2% YoY in Q4 in constant currency terms.

On full year basis, the company's net profit jumped 37.4% to Rs 755.19 crore on 27.35 rise in net sales to Rs 3,144.72 crore in FY23 over FY22.

Manoj Raghavan, chief executive officer (CEO) and managing director, Tata Elxsi, said, “During the financial year, our transportation business, which accounts 43% of our Embedded Product Design (EPD) division grew strongly by 32.8% in constant currency terms. The Healthcare & Medical Devices business too registered a robust growth of 28.4% in constant currency terms. Our Media & Communications business witnessed a stable and sustained growth of 14.6% in constant currency terms during the financial year.

The key strategies deployed over the last two years have played out well with strong synergies between the design, product engineering and deployment support services of Tata Elxsi, allowing us to address upstream and downstream product lifecycle requirements. This is enhancing deal sizes, durations and value delivered to customers. It is reflected in the strong Q423 growth from IDV (52.8% YoY in constant currency terms) and SIS (77.6% YoY in constant currency terms).

We are entering the new financial year with a strong commitment to keep our growth momentum going, and the continued confidence of our customers in our differentiated design-led engineering capabilities.”

Meanwhile, the board has recommended a dividend of Rs 60.60 per equity share for FY23, subject to approval of shareholders .

Further, the company has collaborated with Orbit Showtime Network (OSN), a multinational premium entertainment content company to develop OSNtv Box - an all-in-one new product that will bring together OSN exclusive and curated live TV channels, streaming, and free-to-air entertainment across a single android device.

The OSNTv Box is powered by Tata Elxsi's AndroidTV solution suite, which includes a custom operatortier launcher, OTA and iCX. Tata Elxsi's customised OTA (over the air) platform helps deliver seamless software updates for an enhanced customer experience, while the iCX (intelligent CX) platform offers intelligent monitoring, real-time diagnostics and troubleshooting.

Tata Elxsi is amongst the world's leading providers of design and technology services across industries including automotive, broadcast, communications, healthcare and transportation. Tata Elxsi is helping customers reimagine their products and services through design thinking and application of digital technologies such as IoT (Internet of Things), Cloud, Mobility, Virtual Reality and Artificial Intelligence.

The scrip declined 3.06% to Rs 6,787.80 on the BSE.