Tata Elxsi Q1 Results FY2023, PAT at Rs.184.7 Crore

Tata Elxsi Q1 Results FY2023

by Shreya Anaokar Last Updated: 2022-07-15T15:40:12+05:30 IST

On 14th July  2022, Tata Elxsi,  amongst the world’s leading providers of design-led technology services, announced its quarterly results for the first quarter of FY2023. 

Q1FY23 Key Highlights:

- The company reported revenues from operations at Rs. 725.9 Cr, with a growth of 6.5% QoQ, and 30.0% YoY 

- The EBITDA  was reported at Rs. 238.2 Crore with a growth of 7.6% QoQ and 58.8% YoY 

Industry-leading EBITDA Margin at 32.8% 

- Profit after tax was reported at Rs. 184.7 Crore, with a growth of 15.4% QoQ and 62.9% YoY 

- EPS grew by 15.5% QoQ and 62.9% YoY to Rs. 29.66 

- Employee mark crossed 10,000 employee mark with 771 net additions in the quarter

- The company’s growth was primarily volume-led, with all three segments of EPD, IDV, and SIS showing robust growth of 6.2%, 6.6%, and 19.8% QoQ respectively.

 

Business Highlights:

- Transportation grows 6.3% QoQ and 41.8% YoY, aided by large deals and engagements in EV and Software Defined Vehicles. 

- Healthcare continues to witness strong growth of 10% QoQ and 53.6% YoY, driven by digital health and global regulatory services. 

- Media and Communications reports a quarter of steady and consistent growth at 4.7% QoQ and 29% YoY, aided by continued growth in key accounts and large deals in network transformation and AdTech. 

 

Mr. Manoj Raghavan, CEO and Managing Director, Tata Elxsi, commenting on the company’s performance, said: “We are starting FY23 on a strong note with 6.5% QoQ revenue growth in constant currency. This was all volume-led and supported by robust growth across divisions, verticals and key markets. We continue to maintain and expand our margins with our EBITDA growing at 58.8% YoY and PAT growing at 62.9% YoY. Our differentiated delivery capability powered by Domain, Design, and Digital, is helping us continue to win deals which are of strategic importance to our customers.”

 


About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 

Disclaimer

Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.
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