BBN Bureau
Final dividend at Rs42.50 per share
MUMBAI/April 20-2022: Tata Elxsi reported 38.95 per cent rise in net profit to Rs160.01 crore for the fourth quarter ended March 31 2022 on the back of a 31.51 per cent growth in revenues from operations to Rs681.73 crore during the said quarter, compared with the same period last year.
The sequential revenue growth was 7.3 per cent over previous quarter (QoQ). Profit before tax (PBT) stood at Rs220.26 crore, registering a growth of 10 per cent QoQ and 36.2 per cent YoY.
The company’s growth was powered by Embedded Product Design (EPD) growing at 7.5 per cent QoQ, while Industrial Design and Visualization (IDV) grew 8 per cent compared with the previous quarter.
In the year ended March 2022, the company reported revenue from operations of Rs2470.80 crore, a growth of 35.3 per cent year on year.
The company registered a net profit of Rs549.70 crore during the year, growing 49.3 per cent year on year, thus crossing the Rs500 crore threshold for the first time in the company’s history.
Dividend
The board recommended a final dividend of Rs42.50 per equity share for the financial year ended March 2022.
The company’s total headcount at the end of the March 2021 period stood at 9376. The trailing 12-month attrition rate at the end of the quarter stood at 20.8 per cent as against 18.2 per cent in Q3 FY22 and 7.4 per cent in Q4 FY21.
Manoj Raghavan, CEO and managing director, Tata Elxsi, said, “This has been the strongest year of growth in the company’s history when we achieved an all-round performance across business units, industries and geographies.”
Sector performance
He said the Transportation business is now on a path of accelerated growth, with the company’s differentiated EV, Autonomous, Connected and Digital capabilities powering large deal wins.
The Media and Communications business is continuing to grow strongly, supported by award-winning platforms and products that are powering digital transformation for some of the best global brands in the industry.
At the same time, the Healthcare business has grown 72.4 per cent year on year over FY21, powered by digital and connected health, regulatory services and innovation for next-generation medical devices and services.
Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including automotive, broadcast, communications, healthcare and transportation.
