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Thursday, January 21, 2016

Tata Elxsi profit surges 39.5% at Rs 39.9 cr in Dec quarter

Bangalore-based Tata Elxsi Ltd, an arm of Tata Group, on Wednesday reported a rise of 39.5 per cent in its standalone net profit after taxes (PAT) at Rs 39.9 crore for the third quarter ended December 31, 2015, supported by rise in its sales. “The standalone net profit of the company stood at Rs 28.60 crore during the same period a year ago,” said Tata Elxsi Ltd in a filing to the BSE. Further, it’s standalone total income too grew by 23.6 per cent at Rs 275.04 crore during Q3 2015-16, as compared to Rs 222.58 crore during the same period last year. Company’s standalone net sales for the third quarter marked a 23.7 per cent growth at Rs 274.08 crore, up from Rs 221.49 crore a year earlier. Undermining earnings, shares of the company closed at Rs 1,704.70 apiece, down 1.71 per cent, from previous close on BSE.