TATA ELXSI Announces Quarterly Results (2QFY19); Net Profit Up 43.6%

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Markets will remain closed on 21st October 2019, due to Assembly Elections in Maharashtra.

TATA ELXSI Announces Quarterly Results (2QFY19); Net Profit Up 43.6%
Wed, 10 Oct

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

TATA ELXSI Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,4223,8204,0285.4%17.7%
Other incomeRs m8978233197.2%162.5%
TurnoverRs m3,5103,8994,2619.3%21.4%
ExpensesRs m2,5812,7552,9617.5%14.7%
Gross profitRs m8401,0651,0670.2%27.0%
DepreciationRs m646161-0.3%-5.6%
InterestRs m0000.0%0.0%
Profit before taxRs m8641,0831,24014.5%43.4%
TaxRs m29237841810.6%43.0%
Profit after taxRs m57270582216.6%43.6%
Gross profit margin%24.627.926.5
Effective tax rate%33.834.933.7
Net profit margin%16.318.119.3
* 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 17.7% on a year-on-year (YoY) basis. The expenses were up by 14.7% YoY during the same period.
  • The company's operating profit increased by 27.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.5% in 2QFY19 as against 24.6% in 2QFY18.
  • Depreciation charges declined by 5.6% YoY respectively.
  • Other income increased by 162.5% YoY during the quarter.
  • Net profit for the quarter increased by 43.6% YoY. Net profit margins during the quarter increased from 16.3% in 2QFY18 to 19.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.5% QoQ during the same period.
  • The company's operating profit declined by 0.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.5% in 2QFY19 as against 27.9% in 1QFY18.
  • Net profit for the quarter increased by 16.6% QoQ, while net profit margins increased from 18.1% in 1QFY18 to 19.3% in 2QFY19.

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 864.5 to Rs 1,004.6, registering a Gain of Rs 140.1 or around 16.2%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,913.4 (down 1.4%). Over the last one year it has moved up from 10,220.9 to 14,913.4, a gain of 4,693 points (up 45.9%).

Overall, the S&P BSE SENSEX is up 8.8% over the year.

Current Valuations

At the current price of Rs 1,004.6, the price to earnings (P/E) ratio of TATA ELXSI stands at 22.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.5 times.

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