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Tata Elxsi Q4 FY2024: Revenue Up 13%, Q4 PAT at Rs.19693.44 Cr, Down 4.60%, PAT Margin Slips 2.32%
Tanushree Jaiswal
24th April 2024
Key Highlights
- Tata Elxsi reported a 13% increase in its operating revenue on a YOY basis reaching Rs 3552.10 cr in FY2024.
- PAT marked at Rs. 19693.44 cr for Q4 FY2024 against Rs. 20643.24 cr in Q3 FY 2024, down by 4.60% on a quarterly basis.
- PAT margin down by 2.32% for Q4 FY2024 compared to Q4 FY2023.
Business Highlights
- Tata Elxsi's total revenue for Q4 FY 2024 was Rs. 93962.55 cr, down by 8.80% on a YOY basis from Rs. 86360.67 cr in FY 2023.
- Net profit for FY 2024 was Rs. 79223.79 cr against Rs. 75519.32 cr in FY 2023.
- The company’s yearly Profit Before Tax crossed the Rs. 1,000 cr mark for the first time.
- Tata Elxsi declared an Rs. 70 (700%) per share dividend.
- The company’s transportation business registered a growth in revenue at 24.6% on a YOY basis with increased deals in OEMs, defined vehicles, and electric vehicles.
- Healthcare & Lifesciences and Media & Communications segments grew at 10.8% and 0.2% on a YOY basis, respectively.
Commenting on the results, Mr. Manoj Raghavan, CEO and Managing Director, Tata Elxsi said, “Financial year 2024 has been a year of consistent operational performance with a revenue growth of 13% despite global macroeconomic uncertainties, and volatility in the media and communications industry over the last few quarters. We have done well to maintain industry leading EBITDA margin at 29.5% for the year, even while we continued to invest in expanding our talent base through all four quarters, with a net addition of 1535 Elxsians through the year.”
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