Bengaluru, April 23 (IANS) IT major Tata Elxsi on Tuesday declared its fourth quarter results, with 13 per cent revenue growth at Rs 3,552.1 crore and profit before tax (PBT) at Rs 1,048.7 crore for the first time, an 11.9 per cent growth (year-on-year).
Software development and services (SDS) grew by 9.3 per cent YoY while system integration and support (SIS) went up by 18.6 per cent.
The board has recommended a final dividend of 700 per cent (Rs 70 per equity share of par value of Rs 10 each) for the financial year ending March 31, the Tata Group company said in a statement.
“We have done well to maintain industry leading EBITDA margin at 29.5 per cent for the year, even while we continued to invest in expanding our talent base through all four quarters, with a net addition of 1,535 ‘Elxsians’ through the year,” said Manoj Raghavan, CEO and Managing Director, Tata Elxsi.
Transportation continued to grow strongly for the company, registering a revenue growth of 24.6 per cent YoY, supported by deal wins in electric, software-defined vehicles and OEMs.
“We are continuing to invest ahead in building our talent pipeline, and are expanding our presence across locations in India and overseas,” Raghavan said.
The company also appointed two new members to the board — Soumitra Bhattacharya who serves as Chairman of Bosch Limited and Ashu Suyash who served as MD and CEO of CRISIL.
–IANS
na/sha
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
