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Tata Elxsi is a design company that blends technology, creativity and engineering to help customers transform ideas into world-class products and solutions.
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 sales of Rs 405.10 crore against Rs 407.01 crore for the quarter ended March 2019. OPM fell 110 basis points to 24.3% which saw OP go down 5% to Rs 98.47 crore.
Other income stood at a profit of Rs 14.99 crore against a loss of Rs 2.69 crore.
Other income includes forex gains of Rs 60 lah against froex loss of Rs 11.76 crore.
As depreciation grew 8% to Rs 6.69 crore, PBT grew 13% to Rs 106.76 crore. Provision for tax grew 25% to Rs 35.47 crore, after which PAT went up 8% to Rs 71.29 crore.
y-o- y results
On y-o-y basis, sales were up 18% and OPM fell 160 basis points. OP was up 11%. PBT stayed at Rs 94.41 crore and PAT grew 5%.
FY 2019 results
In FY 2019, Tata Elxsi registered 15% rise in sales to Rs 1596.93 crore. OPM improved 100 basis points to 26.0% which saw OP grow 20% to Rs 415.03 crore.
Other income stood at Rs 43.46 crore against Rs 43.25 crore.
Other income includes forex gain of Rs 3.49 crore against Rs 14.54 crore.
As depreciation fell 1% to Rs 25.10 crore, PBT grew 19% to Rs 433.40 crore. Provision for tax grew 16% to Rs 143.43 crore, after which PAT went up 21% to Rs 289.97 crore.
Valuation
The board recommended dividend of Rs 13.50 per share for FY 2019.
The scrip trades around Rs 929
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