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

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TATA ELXSI Announces Quarterly Results (4QFY20); Net Profit Up 15.1%
Wed, 22 Apr

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

TATA ELXSI Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m4,0514,2344,3893.6%8.3%
Other incomeRs m150205134-34.8%-10.7%
TurnoverRs m4,2014,4404,5231.9%7.7%
ExpensesRs m3,0663,2923,3030.3%7.7%
Gross profitRs m9859421,08615.3%10.3%
DepreciationRs m67112108-3.8%61.2%
InterestRs m014140.0%0.0%
Profit before taxRs m1,0681,0211,0987.5%2.8%
TaxRs m3552662773.9%-22.0%
Profit after taxRs m7137548218.8%15.1%
Gross profit margin%24.322.224.7
Effective tax rate%33.226.125.2
Net profit margin%17.017.018.1
* 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 8.3% on a year-on-year (YoY) basis. The expenses were up by 7.7% YoY during the same period.
  • The company's operating profit increased by 10.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.7% in 4QFY20 as against 24.3% in 4QFY19.
  • Depreciation charges increased by 61.2% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 10.7% YoY during the quarter.
  • Net profit for the quarter increased by 15.1% YoY. Net profit margins during the quarter increased from 17.0% in 4QFY19 to 18.1% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit increased by 15.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.7% in 4QFY20 as against 22.2% in 3QFY19.
  • Net profit for the quarter increased by 8.8% QoQ, while net profit margins increased from 17.0% in 3QFY19 to 18.1% in 4QFY20.

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 down from Rs 958.0 to Rs 712.4, registering a Loss of Rs 245.7 or around 25.6%.

Meanwhile, the S&P BSE IT Index is trading at Rs 12,570.6 (up 0.3%). Over the last one year it has moved down from 15,650.7 to 12,570.6, a loss of 3,080 points (down 19.7%).

Overall, the S&P BSE SENSEX is down 20.8% over the year.

Current Valuations

At the current price of Rs 712.4, the price to earnings (P/E) ratio of TATA ELXSI stands at 17.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.1 times.

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