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 share price: The company's profit rose marginally by 2.20 per cent year-on-year (YoY) to Rs 189 crore in the quarter ended on June 30, while revenue from operations climbed 17.10 per cent to Rs 850 crore. Tata Elxsi said some of its deal closures were delayed in Q1 FY24.