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Shares of Tata Elxsi zoomed 16 per cent to Rs 4,089.70 on the BSE in intra-day trade on Tuesday, extending its previous week s rally after the Tata Group IT company reported a stellar set of March quarter (Q4FY21) numbers. In the nine trading sessions since April 22, the stock has surged 36 per cent, as compared to 2.4 per cent rise in the S&P BSE Sensex. In the past one year, it has zoomed 432 per cent, against 54 per cent jump in the benchmark index. In Q4FY21, Tata Elxsi’s revenues increased 8.7 per cent quarter-on-quarter (QoQ) to Rs 518 crore, mainly led by 3.9 per cent QoQ growth in transportation, 5.8 per cent QoQ growth in broadcast & communication and 13.3 per cent QoQ growth in healthcare. Earnings before interest, taxes, depreciation, and amortization (Ebitda) margin increased from 30.1 per cent to 32.4 per cent on account of higher offshoring and fixed price projects. The profit after tax, meanwhile, rose 9.5 per cent QoQ to Rs 115.20 crore. ....
Tata Elxsi share price soared 11 per cent to hit a new high of Rs 2,299 on the BSE on Wednesday after the company reported strong December quarter results (Q3FY21) with double digit quarter on quarter (QoQ) revenue growth and industry leading operating margins. Tata Elxsi’s revenues increased 10.9 per cent QoQ at Rs 477 crore. In constant currency terms revenues grew 10 per cent QoQ mainly led by growth in transportation, broadcast & communication and healthcare segment. Ebit (earnings before interest and tax) margins increased around 300 basis points (bps) to 27.8 per cent. Profit after tax (PAT) increased 33.3 per cent QoQ to Rs 105 crore. ....