You are here: Home » PTI Stories » National » News
Business Standard

Tata Elxsi Delivers Another Steady Quarter With a 3.6% Revenue Growth and 7.5% PBT Growth QoQ

Topics
Business Finance

Press Trust of India  |  BANGALORE 

/ -- Tata Elxsi (BSE: 500408) (NSE: TATAELXSI), among the world's leading providers of design-led technology services, announced its results for the fourth quarter ended March 31, 2020.

Highlights & Recognitions for Q4 FY20:

Revenue from operations at ? 4388.9 million; growth of 3.6% QoQ, 8.3% YoY


Growth across both key divisions

EPD grew by 4.1% QoQ, 10.6% YoY

IDV grew by 7.6% QoQ, 5.4% YoY

Media & Communication vertical grew by 8.6% QoQ, 25.5% YoY

Tata Elxsi won the coveted IF Design Award 2019 for the design concept of Mixed Reality (MR) Based Smart Assistive Wearable Devices

The company reported growth in both the key divisions - Embedded Product Design (EPD) and Industrial Design & Visualization (IDV) in the financial quarter ending Dec 31, 2019.

Within EPD, the growth was driven by Media & Communications vertical with 8.6% growth QoQ. Transportation vertical was flat showing initial signs of Covid-19 impact. Healthcare delivered another steady quarter.

"We delivered another quarter of steady performance despite the current global situation. The performance was aided by key wins in OTT video, broadband technology and digital transformation in the Media & Communications space, Regulatory compliance and new product development in the Healthcare vertical and connected car and infotainment programs in the automotive segment. We also added key customers in the rail and off-road segments, aiding the diversification into adjacent segments," said Manoj Raghavan, CEO and Managing Director, Tata Elxsi.

About Tata Elxsi

Tata Elxsi is amongst the world's leading providers of design and technology services across industries including Automotive, Broadcast, Communications, Healthcare and Transportation.

Tata Elxsi is helping customers reimagine their products and services through design thinking and application of digital technologies such as IoT (Internet of Things), Cloud, Mobility, Virtual Reality and Artificial Intelligence.

Logo: https://mma.prnewswire.com/media/742257/Tata_Elxsi_Logo.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, April 21 2020. 12:14 IST
RECOMMENDED FOR YOU