Tata Elxsi Q2FY23 PAT up 39.1% at Rs174.28cr as healthcare and transportation show profit surge

15 Oct 2022 , 05:54 PM

Tata Elxsi Ltd reported 30.79% growth in total sales revenues for the September 2022 quarter on consolidated basis at Rs781.84cr. Sequential revenues were up 6.20%.

During the quarter, the company growth was volume driven across the 3 segments viz. EPD, IDV and SIS. Transportation grew revenues 3.8% sequentially and 30.4% on yoy basis.

Healthcare grew revenues 8.2% sequentially and 55.9% on yoy basis. Media and Communications grew revenues 2.1% sequentially and 22.2% on yoy basis. Elxsi has managed to gain market share in automotive and media and communications in Europe region.

In automotive it had focused largely on EV capabilities. However, revenues would have been still better but for cross currency headwinds for the companies in the quarter.

Consolidated Profit after tax (PAT) for September 2022 quarter was up 39.06% at Rs174.28cr with EBITDA margins at industry leading levels of 29.7% in the quarter.

The operating profits of the software development and services grew by 32.96% yoy at Rs254.90 crore. Operating profits of the system integration and support services more than doubled albeit on a very small base.

Net profit margins for the quarter at 22.29% was higher than the 20.97% recorded in the yoy back quarter. However, on a sequential basis, the net margins were lower compared to 25.09%, largely due to sharply higher employee costs.

Financial highlights for Sep-22 compared yoy and sequentially

	Tata Elxsi
Rs in Crore	Sep-22	Sep-21	YOY	Jun-22	QOQ
Total Income (Rs cr)	₹ 781.84	₹ 597.76	30.79%	₹ 736.21	6.20%
Net Profit (Rs cr)	₹ 174.28	₹ 125.33	39.06%	₹ 184.72	-5.65%
Diluted EPS (Rs)	₹ 27.98	₹ 20.13		₹ 29.66
Net Margins	22.29%	20.97%		25.09%