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Hot Pursuit News

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(24 Apr 2024, 11:19)

Tata Elxsi declines as Q4 PAT slides to Rs 197 cr; board recommends dividend of Rs 70/sh

Tata Elxsi slipped 3.72% to Rs 7,119 after the design led technology service provider’s net profit declined 2.28% to Rs 196.93 crore in Q4 FY24 as against Rs 201.52 crore posted in Q4 FY23.


Revenue from operations rose 8.12% year on year (YoY) to Rs 905.94 crore in the quarter ended 31 March 2024.

Profit before tax (PBT) stood at Rs 262.41 crore in the March quaurter, registering a growth of 4.9% YoY.

EBITDA stood at Rs 261.2 crore in the quarter ended 31 March 2024 (up 4.7% YoY). EBITDA margin was at 28.8% in Q4 FY24 as compared to 29.8% posted in Q4 FY23.

On full year basis, the company’s net profit rose 4.91% to Rs 792.24 crore on 14.15% increase in revenue from operations to Rs 3,674.10 crore in FY24 over FY23.

Transportation continued to grow strongly, registering a revenue growth of 24.6% YoY, supported by deal wins in electric, software defined vehicles and OEMs.

Healthcare delivered sustained growth of 10.8% YoY. Media and Communications grew 0.2% ...

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