Tata Elxsi stock up 9.5%. Hits New 52-week High

Tata Group’s design and technology services providing company Tata Elxsi’s shares jump on Wednesday’s intra-day trading 9.5% after its stellar performance in Q3 FY 22.

Its net profit jumped to Rs 150.95 crore, a 43.49% growth YoY. Its revenue from operations in Q3 December 2021 stood at  Rs. 635.41 Cr., a 33.18% increase YoY.

The innovative and design led company’s net profit registered a 20.4% growth in its net profit QoQ, while its revenue from operations posted a 6.7% growth QoQ. Its Constant Currency Revenue grew 6.5% QoQ and 32.7% YoY.

Its Q3 FY 22 EBITDA grew 14.8% QoQ and 46.8% YoY to 210.8 Cr. Its Q3 FY 22 Profit Before Tax (PBT) rose to 200.3 Cr., with an increase of 17.1% QoQ and 36.9% YoY.

During Q3 FY 22, its PBT margin stood at 31.2%. Its Q3 EBITDA margin stood at 33.2% and  Q3 net margin was at 23.5%.

The company’s largest division Embedded Product Design (EPD) posted a growth of 9.9% QoQ and 36% YoY, respectively. This helped the company to cross the 200 Cr. Profit before tax and 150 Cr. Profit after tax milestones for the first time since its establishment.

It also said that its Industrial Design & Visualisation (IDV) business continues to help strategic design-led digital deal wins for the company with a growth of 12.4% YoY and 61.7% on a YTD basis.

The company is providing multiple innovative and design solutions for the Tata Group’s Electric Vehicles projects.