Tata Elxsi reports Rs66cr Q3 profit

MUMBAI: The Tata ELXSI Ltd has posted a net profit of Rs65.99 crore for the quarter ending December 31, 2018 compared with Rs62.77 crore the company had posted for the same period last year, thus representing a marginal year to year growth of 5.13 per cent.

However, sequentially the profit dropped substantially from Rs82.18 crore the company reported for the quarter ending September 30, 2018.

The revenue for the period under review saw a modest increase of 17.79 per cent as it grew from Rs345.54 crore to Rs407.01 crore for the quarter ending December 31, 2018.

The total expenditure of the company for the period were at Rs309.90 crore compared with Rs258.33 crore the company incurred for the same period last year, representing 20 per cent year to year growth.

A statement said the company has been structured into two industry verticals – software development & services and system integration and support services.

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