Tata Elxsi - Q2FY21 Results - Angel Broking

Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd

"Tata Elxsi reported a good set of numbers for Q2FY2021. Revenues for the quarter was up by 11.5% YoY to ₹430.2 crore. EBIDTA for the quarter was up by 67.8% YoY to ₹118 crore while EBIDTA margins expanded by 920bps yoy to 27.4% due to decrease in raw material costs and other expenditure. Net profit for the quarter stood at ₹78.9 crore as compared to a net profit of ₹49.8 crore in Q2FY2020. The company was able to deliver a good set of numbers during the quarter which highlights the strong demand for IT services."

Shares of TATA ELXSI LTD. was last trading in BSE at Rs.1463.85 as compared to the previous close of Rs. 1456.95. The total number of shares traded during the day was 102008 in over 8316 trades.

The stock hit an intraday high of Rs. 1533.55 and intraday low of 1441. The net turnover during the day was Rs. 152337074.

Source : Equity Bulls

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