TATA ELXSI Announces Quarterly Results (1QFY19); Net Profit Up 41.7%

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TATA ELXSI Announces Quarterly Results (1QFY19); Net Profit Up 41.7%
Fri, 27 Jul

TATA ELXSI has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

TATA ELXSI Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m3,2323,7543,8201.8%18.2%
Other incomeRs m7919678-60.0%-1.1%
TurnoverRs m3,3123,9503,899-1.3%17.7%
ExpensesRs m2,4982,8032,755-1.7%10.3%
Gross profitRs m7349511,06512.0%45.1%
DepreciationRs m656161-0.6%-5.8%
InterestRs m0000.0%0.0%
Profit before taxRs m7491,0861,083-0.3%44.6%
TaxRs m251383378-1.4%50.3%
Profit after taxRs m4977037050.3%41.7%
Gross profit margin%22.725.327.9
Effective tax rate%33.635.334.9
Net profit margin%15.017.818.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 18.2% on a year-on-year (YoY) basis. The expenses were up by 10.3% YoY during the same period.
  • The company's operating profit increased by 45.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.9% in 1QFY19 as against 22.7% in 1QFY18.
  • Depreciation charges and finance costs declined by 5.8% YoY and 0.0% YoY, respectively.
  • Other income declined by 1.1% YoY during the quarter.
  • Net profit for the quarter increased by 41.7% YoY. Net profit margins during the quarter increased from 15.0% in 1QFY18 to 18.1% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.7% QoQ during the same period.
  • The company's operating profit increased by 12.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.9% in 1QFY19 as against 25.3% in 4QFY18.
  • Net profit for the quarter increased by 0.3% QoQ, while net profit margins increased from 17.8% in 4QFY18 to 18.1% in 1QFY19.

To see how TATA ELXSI has performed over the last eight quarters, please visit here.

TATA ELXSI Share Price Performance

Over the last one year, TATA ELXSI share price has moved up from Rs 867.4 to Rs 1,453.5, registering a Gain of Rs 586.1 or around 67.6%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,517.7 (down 0.0%). Over the last one year it has moved up from 10,253.0 to 14,517.7, a gain of 4,265 points (up 41.6%).

Overall, the S&P BSE SENSEX is up 0.8% over the year.

Current Valuations

At the current price of Rs 1,453.5, the price to earnings (P/E) ratio of TATA ELXSI stands at 35.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 12.4 times.

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For the quarter ended June 2019, TATA ELXSI has posted a net profit of Rs 488 m (down 30.8% YoY). Sales on the other hand came in at Rs 4 bn (down 5.3% YoY). Read on for a complete analysis of TATA ELXSI's quarterly results.

TATA ELXSI Announces Quarterly Results (4QFY19); Net Profit Up 1.4% (Quarterly Result Update)

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