Tata Elxsi drops after weak Q4 earnings

The company announced Q4 results on Friday, 19 April 2013.

Meanwhile, the S&P BSE Sensex was up 19.96 points or 0.13% at 19,041.47.

On BSE, 3,491 shares were traded in the counter as against average daily volume of 14,054 shares in the past one quarter.

The stock hit a high of Rs 199 and a low of Rs 195 so far during the day. The stock had hit a 52-week low of Rs 182.90 on 28 March 2013. The stock had hit a 52-week high of Rs 254.10 on 16 July 2012.

The stock had underperformed the market over the past one month till 18 April 2013, sliding 7.58% compared with the Sensex's 1.43% fall. The scrip had also underperformed the market in past one quarter, declining 13.33% as against Sensex's 5.1% fall.

The small-cap company has equity capital is Rs 31.14 crore. Face value per share is Rs 10.

Tata Elxsi's consolidated net profit declined 38.4% to Rs 21.31 crore on 15.4% growth in net sales to Rs 621.67 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

Tata Elxsi's board of directors at a meeting held on Friday, 19 April 2013, recommended a dividend of Rs 5 per share for FY 2013.

Tata Elxsi is a design company that blends technology, creativity and engineering to help customers transform ideas into world-class products and solutions. A part of Tata group, Tata Elxsi addresses the communications, consumer products, defence, healthcare, media & entertainment, semiconductor and transportation sectors. The company has a network of design studios, development centers and offices worldwide.

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