Tata Elxsi net profit up 39.5% at Rs 105.2 crore in Dec quarter

Tata Elxsi on Tuesday said its net profit has increased 39.5 per cent to Rs 105.2 crore for the December 2020 quarter.

The company had registered a net profit of Rs 75.4 crore in the year-ago period, Tata Elxsi said in a regulatory filing.

Its revenue from operations rose 12.7 per cent to Rs 477.1 crore for the said quarter from Rs 423.4 crore in the corresponding period last fiscal, it added.

In a statement, Tata Elxsi CEO and Managing Director Manoj Raghavan said the company saw all-round growth across industries and geographies.

“We continue to execute strongly on both top line and bottom line, with double-digit quarter-on-quarter revenue growth and industry-leading operating margins.