Tata Elxsi continues with its growth trajectory.
Q2FY23 highlights:
- Revenues from operations at Rs. 763.2 Cr, + 5.1% QoQ, + 28.2% YoY.
- BITDA Margin at 29.7%
- Profit after tax at Rs. 174.3 Cr, growing 39.1.% YoY
The company’s growth was primarily volume led,
- Transportation grows 3.8% QoQ and 30.4% YoY.
- Healthcare continues to witness strong growth of 8.2% QoQ and 55.9% YoY.
- Media and Communications reports growth at 2.1% QoQ and 22.2% YoY.
We are gaining market share in both Automotive and Media & Communications, especially in Europe. The numbers are muted in the region due to unfavourable currency movement.
With a net add of 1532, added the highest number of Elxsians in our history in a single quarter, while the attrition rate declined for the second consecutive quarter.
Investor Presentation
Financial Results
EBITA margin declined by 3% qoq pertaining to Employee and other expenses.
Though I am surprised by how they continue to increase revenue from USA and Europe on qoq basis even after all things happening there.
| Subscribe To Our Free Newsletter |
