TATA ELXSI Announces Quarterly Results (3QFY21); Net Profit Up 39.5%

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TATA ELXSI Announces Quarterly Results (3QFY21); Net Profit Up 39.5%
Wed, 13 Jan

TATA ELXSI has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

TATA ELXSI Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m4,2344,3024,77110.9%12.7%
Other incomeRs m20544151242.3%-26.5%
TurnoverRs m4,4404,3464,92213.3%10.9%
ExpensesRs m3,2923,1213,3356.8%1.3%
Gross profitRs m9421,1811,43621.7%52.5%
DepreciationRs m112112111-1.4%-1.5%
InterestRs m1413133.6%-6.6%
Profit before taxRs m1,0211,1001,46333.1%43.3%
TaxRs m26631141132.2%54.3%
Profit after taxRs m7547891,05233.4%39.5%
Gross profit margin%22.227.430.1
Effective tax rate%26.128.328.1
Net profit margin%17.018.221.4
* 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 12.7% on a year-on-year (YoY) basis. The expenses were up by 1.3% YoY during the same period.
  • The company's operating profit increased by 52.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.1% in 3QFY21 as against 22.2% in 3QFY20.
  • Depreciation charges declined by 1.5% and finance costs declined by 6.6% YoY, respectively.
  • Other income declined by 26.5% YoY during the quarter.
  • Net profit for the quarter increased by 39.5% YoY. Net profit margins during the quarter increased from 17.0% in 3QFY20 to 21.4% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 10.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.8% QoQ during the same period.
  • The company's operating profit increased by 21.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.1% in 3QFY21 as against 27.4% in 2QFY20.
  • Net profit for the quarter increased by 33.4% QoQ, while net profit margins increased from 18.2% in 2QFY20 to 21.4% in 3QFY21.

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

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TATA ELXSI Share Price Performance

Over the last one year, TATA ELXSI share price has moved up from Rs 891.2 to Rs 2,270.9, registering a Gain of Rs 1,379.7 or around 154.8%.

Meanwhile, the S&P BSE IT Index is trading at Rs 26,726.6 (down 0.1%). Over the last one year it has moved up from 16,052.1 to 26,726.6, a gain of 10,674 points (up 66.5%).

Overall, the S&P BSE SENSEX is up 18.7% over the year.

Current Valuations

At the current price of Rs 2,270.9, the price to earnings (P/E) ratio of TATA ELXSI stands at 42.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.1 times.

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Related Views on News

TATA ELXSI Announces Quarterly Results (2QFY21); Net Profit Up 58.4% (Quarterly Result Update)

Oct 16, 2020 | Updated on Oct 16, 2020

For the quarter ended September 2020, TATA ELXSI has posted a net profit of Rs 789 m (up 58.4% YoY). Sales on the other hand came in at Rs 4 bn (up 11.5% YoY). Read on for a complete analysis of TATA ELXSI's quarterly results.

TATA ELXSI Announces Quarterly Results (4QFY20); Net Profit Up 15.1% (Quarterly Result Update)

Apr 22, 2020 | Updated on Apr 22, 2020

For the quarter ended March 2020, TATA ELXSI has posted a net profit of Rs 821 m (up 15.1% YoY). Sales on the other hand came in at Rs 4 bn (up 8.3% YoY). Read on for a complete analysis of TATA ELXSI's quarterly results.

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