Tata Elxsi reports 27.3% yoy growth at Rs 3,144.70 crore in FY23

19 May 2023 , 12:12 PM

Tata Elxsi Limited, a prominent global provider of technology services driven by design, unveiled its financial results for the fourth quarter and financial year ending on March 31, 2023.

The company reported revenue of Rs 3,144.75 crore in FY23, up by 27.30% y-o-y. 

During the financial year, the company achieved a profit before tax (PBT) of Rs 937.5 crore. The company’s profit after tax (PAT) for the year stood at Rs 755.2 crore, demonstrating a year-on-year growth of 37.4%.

The company reported revenue of Rs 837.90 crore in Q4FY23, up by 22.90% y-o-y. The EBITDA margin of 29.80%. The company’s Profit after Tax stood at Rs 201.50 crore, registering a growth of 25.9% y-o-y, for Q4FY23.

The Industrial Design & Visualization segment experienced a robust growth of 52.8% year-on-year in constant currency terms. This growth can be attributed primarily to the heightened influx of engineering deals driven by design.

The company said that, “System Integration and Support (SIS) division exhibited a remarkable year-on-year growth of 77.6% in constant currency terms, despite starting from a comparatively smaller base.”

The Board of Directors has proposed a final dividend of 606% (equivalent to Rs 60.60 per equity share with a par value of Rs 10 each) for the fiscal year ending on March 31, 2023. 

This dividend reflects a significant increase of 42.6% compared to the previous year.

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