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 1% fall in sales to Rs 323.23 crore for the quarter ended June 2017. OPM fell 10 basis points from 22.8% to 22.7% which took OP down 2% to Rs 73.42 crore.

Other income stood at a profit of Rs 7.93 crore against a loss of Rs 2.09 crore. Other income includes foreign exchange gains of Rs 4.19 crore against a loss of Rs 2.28 crore.

As depreciation fell 5% to Rs 6.48 crore, PBT grew 14% to Rs 74.87 crore. Provision for tax grew 13% to Rs 25.13 crore, after which PAT rose 14% to Rs 49.74 crore.

y-o- y results

On y-o-y basis, sales were up 9% and OPM fell 60 basis points from 23.3% to 22.7%. OP was up 6%. Other income grew to Rs 7.93 crore against Rs 83 lakh. PBT grew 19% and PAT was up 19%.

FY 2017 results

For FY 2017, Tata Elxsi registered a 15% rise in sales to Rs 1233.04 crore. OPM improved 80 basis points from 23.0% to 23.8% which took OP up 19% to Rs 293.23 crore

Other income stood at a loss of Rs 4.81 crore against a profit of Rs 11.86 crore. Other income includes foreign exchange loss of Rs 21.19 crore against a profit of Rs 50 lakh.

As depreciation grew 19% to Rs 26.92 crore, PBT grew 11% to Rs 261.50 crore. Provision for tax grew 8% to Rs 88.21 crore, after which PAT rose 12% to Rs 173.29 crore.

Valuation

The share price trades at Rs 1745.