Tata Elxsi financial results for Q1FY24; details inside

Yesterday Tata Elxsi Ltd reported audited financial results for the quarter that ended on June 2023 or Q1FY24. In comparison to the same quarter last year, the company’s net profit for the first quarter which ended on June 30, 2023, increased by 2.23% to Rs 188.85 crore from Rs 184.72 crore. In Q1FY24, the company’s total net revenue increased by 18.51% from Rs 736.21 crore to Rs 872.48 in the similar quarter the year prior.    

Talking about sequentially the company’s net profit for the quarter which ended on June 30, 2023, decreased by 6.29% to Rs 188.85 crore from Rs 201.52 crore. In Q1FY24, the company’s total net revenue increased by 1.03% from Rs 863.61 crore to Rs 872.48 in the similar quarter the year prior.    

In the last trading session, the scrip closed at Rs 7710.85. Today it opened at Rs 7379.95 and touched a high of Rs 7655.45 and a low of Rs 7352.55. It was closed at Rs 7542.85, down by 2.18%. Today around 19,587 shares have exchanged hands over the counter at BSE. 

The BSE group ‘A’ stock has a market cap of around Rs 46,900 crore and it has a 52-week high of Rs 10,760.40, and it has a 52-week low of Rs 5708.10. In the last 6 months company has generated a return of around 19.46% and in the last one year, it was down by 6.82%. In the last 5 years company has generated an unbelievable return of around 439.84%. 

Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy to electronics and mechanical design, software development, validation and deployment, and is supported by a network of design studios, global development centres and offices worldwide.    

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.