Tata Elxsi Ltd reports QoQ drop in Q1FY24 net profit at Rs. 188.85 crores

Tata Elxsi Limited has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 872.4811 crores during the period ended June 30, 2023 as compared to Rs. 863.6067 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 188.8527 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 201.5161 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 30.32 for the period ended June 30, 2023 as compared to Rs. 32.36 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹872.4811 crs	₹863.6067 crs	1.03%
Net Profit	₹188.8527 crs	₹201.5161 crs	-6.28%
EPS	₹30.32	₹32.36	-6.30%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs.872.4811 crores during the period ended June 30, 2023 as compared to Rs.736.2075 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.188.8527 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.184.7211 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.30.32 for the period ended June 30, 2023 as compared to Rs.29.66 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹872.4811 crs	₹736.2075 crs	18.51%
Net Profit	₹188.8527 crs	₹184.7211 crs	2.24%
EPS	₹30.32	₹29.66	2.23%

Shares of Tata Elxsi Limited was last trading in BSE at Rs. 7710.85 as compared to the previous close of Rs. 7734.05. The total number of shares traded during the day was 29952 in over 7553 trades.

The stock hit an intraday high of Rs. 7849.95 and intraday low of 7666.70. The net turnover during the day was Rs. 232852828.00.

Source : Equity Bulls

Keywords

TataElxsi Q1FY24 ResultUpdate