Tata Elxsi Q3 PAT up 43.49% at Rs150.95cr led by automotive, digital and healthcare deals

19 Jan 2022 , 01:14 AM

Tata Elxsi Ltd reported 33.18% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs635.41cr. On a sequential basis, the total revenues were up 6.73%.

The company operates in the niche design led technology services. Even constant currency revenues were up over 32% yoy and 6.5% on sequential basis.

The largest division of Embedded Product Design (EPD) saw 36% robust yoy growth and 9.9% sequential growth, spurring sales higher. Transportation and connected technologies were key sales drivers.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 43.49% at Rs150.95cr on the back of EBITDA growing by 46% yoy at Rs211cr.

The EBITDA was up 14.8% on sequential basis led by EPD and connected technologies operating profits. The EBITDA margins came in at 33.2% for the quarter.

The IDV business has driven deal wins with 61.7% growth yoy. PAT margins rose from 22.05% in Dec-20 quarter to 23.76% in Dec-21 quarter.

Financial highlights for Dec-21 compared yoy and sequentially

	Tata Elxsi
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 635.41	₹ 477.10	33.18%	₹ 595.33	6.73%
Net Profit (Rs cr)	₹ 150.95	₹ 105.20	43.49%	₹ 125.33	20.44%
Diluted EPS (Rs)	₹ 24.24	₹ 16.89		₹ 20.13
Net Margins	23.76%	22.05%		21.05%