- Company has registered impressive growth, in Q1, 2022, primarily led by volume in all the three segments
- EBITDA Margin of Tata Elxsi is leading in the industry at 32.8%.
- Company is concentrating on application segments that are anticipated to grow strongly, supported by broad, long-term trends in digital technology
- Tata Elxsi is aggressively forming alliances and partnerships with top businesses throughout the world
Tata Elxsi has adopted long-term growth strategy to create value for its stakeholders. The business is making investments to bolster its competitive advantages, maintain financial discipline, and continuously improve efficiency.
Company has announced its first quarter results for the period ending 30th June 2022. Company has registered impressive growth, primarily led by volume in all the three segments i.e. EPD, IDV and SIS
For the quarter ending 30 th June 2022, Revenues from operations has grew to Rs 725.9 Cr, marking 6.5% increase on a QoQ basis and 30% increase on YoY basis. EPS of the company has grown to Rs. 29.66. It has registered impressive growth of 15.5% on QoQ basis and 62.9% on YoY basis.
EBITDA of the company grew at 7.6% on a QoQ basis and 58.8% increase on YoY basis to Rs 238.2 Cr. EBITDA Margin of Tata Elxsi is leading in the industry at 32.8%. Profit after tax stood at Rs. 184.7 Cr, registering 15.4% increase on a QoQ basis and 62.9% increase in YoY
Driven by large deals and engagements in EV and Software Defined Vehicles, Transportation grows @ 6.3% QoQ and 41.8% YoY. Healthcare registered strong growth of 10% on QoQ basis and 53.6% on YoY basis, primarily driven by digital health and global regulatory services. Media and Communications reported a 4.7% growth on QoQ basis and 29% on YoY bais. Growth in Media and Communication is led by growth in key accounts, network transformation and AdTech.
According to CEO and Managing Director of Tata Elxsi, Mr. Manoj Raghavan, Tata Elxsi family has now 10,000 people strong workforce. Company has added 771 employees on a net basis in the quarter. Company is expanding is its delivery presence with a new centre in Kozhikode.
Company has a differentiated delivery capability which are backed by Domain, Design, and Digital expertise. These capabilities are helping company to win deals which are of strategic importance to its customers. In order to drive innovations and boost capabilities, Company has launched iGNITE program, which will be a global design and innovation contest, focussing on sustainable design.
Tata Elxsi is world’s leading providers of design and technology service, focussing on Automotive, Broadcast, Communications, Healthcare and Transportation Industry. It is working in the areas of emerging digital tech e.g. IoT, Mobility, Cloud, Virtual Reality and Artificial Intelligence and helping customers to redesign their products and services
The company is concentrating on application segments that are anticipated to grow strongly, supported by broad, long-term trends in digital technology. Tata Elxsi is one of the top players in the field of emerging trends, including autonomous systems, robotics, securely connected machines and personal devices, electrification of vehicles including digitisation, advanced network systems as well as communications equipment, and tech related to healthcare platforms. Tata Elxsi assists its clients in the creation of new goods and services relating to these applications.
It has broadened its portfolio of patents and IP solutions across industrial segments in order to position itself as a specialised player in cutting-edge technologies with the capacity to grow and create efficiency. The fact that it has invested in IPs like TEPlay, FalconEye, iCX, QoEtient, and Autonomai demonstrates how strongly it is focused on providing its clients with digital engineering-led transformation.
To offer its clients the finest value proposition and create long term value for shareholders, Tata Elxsi is aggressively forming alliances and partnerships with top businesses throughout the world. As on 18th July, 2022, Company stock closed 8099 in BSE and its Market Cap stood at Rs 50,438.31 Crores. In the last one-year Company stock has almost doubled, while giving its shareholders aver 800% return over the previous five years.