InvestorQ : Will the quarterly results of Tata Elxsi be positive for the stock?
Rashi Mehra made post

Will the quarterly results of Tata Elxsi be positive for the stock?

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sarah Leo answered.
3 months ago
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Tata Elxsi has solid stellar results with its net profits surging up by 41% to Rs.68.80 crore for the Jun-20 quarter. Revenues from operations were also up by 10.7% to Rs.401 crore for the quarter. Despite there being a good deal of sluggishness across most verticals, the healthcare, media and communication verticals did extremely well.

In terms of business mix, Tata Elxsi reported that more than 96% of the revenues for the quarter came from software development and services with just about 4% coming from system integration and support services. EPD continued to be its growth engine and Tata Elxsi is one of the key suppliers of advanced design services to Tata Motors.

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