Shares of design and technology services provider Tata Elxsi climbed 5 per cent today after the firm reported a 39 per cent rise in Q4 net profit. The large cap stock opened with a gain of 2.33 per cent at Rs 7,990 today. Later, it touched an intraday high of Rs 8,190.95, rising 4.9 per cent on BSE.
Tata Elxsi shares zoom nearly 10% after Q4 earnings
Shares of Tata Elxsi gained nearly 10 per cent in morning trade on Friday after the company s net profit increased 40.3 per cent in the March 2021 quarter.
The stock jumped 9.64 per cent to Rs 3,340 its 52-week high on the BSE.
At the NSE, it zoomed 9.57 per cent to its 52-week high of Rs 3,340.
Tata Elxsi on Thursday said its net profit has increased 40.3 per cent to Rs 115.16 crore in the March 2021 quarter.
The company had registered a net profit of Rs 82.08 crore in the year-ago period, Tata Elxsi said in a regulatory filing.
Shares of Tata Elxsi closed with a gain of nearly 6 per cent on Friday after the company s net profit increased 40.3 per cent in the March 2021 quarter. The stock, which jumped 9.64 per cent to Rs 3,340 its 52-week high on the BSE during the day, later closed at Rs 3,191.95, a gain of 4.78 per cent. On the NSE, it closed 5.72 per cent higher at Rs 3,222.75 after zooming 9.57 per cent to its 52-week high of Rs 3,340 during the day.
Tata Elxsi on Thursday said its net profit has increased 40.3 per cent to Rs 115.16 crore in the March 2021 quarter. The company had registered a net profit of Rs 82.08 crore in the year-ago period, Tata Elxsi said in a regulatory filing.
Tata Elxsi Q4 results: Net profit surges 40% to Rs 115 cr
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Last Updated: Apr 22, 2021, 10:30 PM IST
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Its revenue from operations rose 18.1 per cent to Rs 518.39 crore for the said quarter from Rs 438.88 crore in the corresponding period last fiscal, it added.
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The company had registered a net profit of Rs 82.08 crore in the year-ago period, Tata Elxsi said in a regulatory filing.
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Tata Elxsi on Thursday said its net profit has increased 40.3 per cent to Rs 115.16 crore in the March 2021 quarter.
The company had registered a net profit of Rs 82.08 crore in the year-ago period, Tata Elxsi said in a regulatory filing.