Tata Elxsi Ltd reported a remarkable 26% year-on-year increase in net profit for the fourth quarter of the fiscal year 2022-23, reaching ₹201.5 crore. This is a significant growth compared to the profit of ₹160.01 crore in the same period last year. Despite a slight decline of 1.35% in Tata Elxsi Ltd's share price, which closed at ₹7,001.85 on the BSE, the company's revenue from operations witnessed a substantial 23% YoY rise, reaching ₹838 crore in Q4FY23 from ₹681.7 crore in Q4FY22. Sequentially, the revenue increased by 2.5% from ₹817.7 crore.
Tata Elxsi Ltd's total income for Q4FY23 also exhibited a notable increase, rising by 23.4% YoY to ₹863.6 crore from ₹699.8 crore in the corresponding period of the previous fiscal year. The company's EBITDA margin for Q4FY23 stood at 29.8%, a slight decrease compared to the 32.5% margin recorded in the same quarter last year. However, the EBITDA for Q4FY23 amounted to ₹249.5 crore, reflecting a YoY growth of 12.8% from ₹221.2 crore.
The board of directors has proposed a final dividend of 606% at ₹60.60 per share for the financial year 2022-23.
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Tata Elxsi Ltd's CEO and managing director, Manoj Raghavan, highlighted the impressive growth in the transportation business, constituting over 43% of the Embedded Product Design (EPD) segment, which experienced a remarkable 32.8% growth in constant currency terms. The Healthcare & Medical Devices segment also demonstrated substantial growth, with a 28.4% increase in constant currency terms. Additionally, the Media & Communications business achieved a commendable constant currency growth of 14.6% throughout the financial year.
Raghavan expressed confidence in the company's strong operational performance and its ability to maintain growth momentum in the upcoming financial year, emphasizing the continued trust of customers in Tata Elxsi Ltd's distinct design-led engineering capabilities.
