The company s net profit rose to Rs 206 crore for the quarter ended December 31 from Rs 195 crore a year ago. Revenue from operations rose to Rs 914 crore from Rs 818 crore a year ago.
The share price of Tata Elxsi fell almost 5 percent in intra-day deals on Wednesday after the IT firm reported disappointing results for the quarter ended December (Q3FY24).
Tata Elxsi witnessed a nearly 5% decline in its share price during intra-day trading on Wednesday following the release of lackluster results for the quarter ending December (Q3FY24).
Tata Technologies generated about 88 per cent of its revenues from the auto vertical in the first half of the ongoing financial year while Tata Elxsi generated 46 per cent of its revenue from the vertical during the same period.