{"id":134692,"date":"2022-10-14T10:27:14","date_gmt":"2022-10-14T14:27:14","guid":{"rendered":"https:\/\/44.250.171.167\/?p=134692"},"modified":"2022-10-14T10:27:16","modified_gmt":"2022-10-14T14:27:16","slug":"tata-elxsi-delivers-stellar-performance-in-q2fy23-profit-rises-39","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tata-elxsi-delivers-stellar-performance-in-q2fy23-profit-rises-39\/","title":{"rendered":"Tata Elxsi delivers stellar performance in Q2FY23, Profit rises 39%"},"content":{"rendered":"\n

On Friday, Tata Elxsi reported its financial results for the quarter ended September 30,2022. The net sales of the company rose 28 per cent to INR 763 crores against INR 595 Crores in June 2021. While net profit rose 39 per cent to INR 174 crore from INR 125 Crores a year ago. Earnings per share (EPS) rose to INR 27.98 in September 2022 quarter from INR 20.12, a year ago in the same quarter.<\/p>\n\n\n\n

The company\u2019s growth was primarily volume led, with all three segments of EPD, IDV and SIS showing robust
growth of 3.8%, 13.5% and 26.2% QoQ respectively.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Witnessing such stellar performance, Mr. Manoj Raghavan, MD and CEO said – ” <\/p>\n\n\n\n

We won multi-year deals in EV and autonomous driving systems in the automotive space, and a next-gen
platform for connectivity and infotainment with a leading off road equipment maker. We have won strategic
platform-led deals in media and communications, with new SaaS and managed services models. <\/p>\n\n\n\n

For us, this has been a quarter of investing strongly in growth for the future. With a net add of 1532, we
have added the highest number of Elxsians in our history in a single quarter, while the attrition rate declined
for the second consecutive quarter. We have also invested in expanding our facilities in existing locations of
Bengaluru, Chennai and Pune, and new talent bases in Kozhikode and Hyderabad.
We are also making significant investments in growing our leadership pipeline for delivery, technology and
sales. This is essential for us to establish the next base of talent to win, manage and grow the increasing
number of strategic accounts and new offerings we are bringing to market.”<\/p>\n\n\n\n

Tata Elxsi is among the leading providers of design and technology services across industries including automotive, broadcast, communications, healthcare and transportation. It is a subsidiary of Tata Sons.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Friday, Tata Elxsi reported its financial results for the quarter ended September 30,2022. The net sales of the company rose 28 per cent to INR 763 crores against INR 595 Crores in June 2021. While net profit rose 39 per cent to INR 174 crore from INR 125 Crores a year ago. Earnings per […]<\/p>\n","protected":false},"author":1863,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5,8],"tags":[80,10471,9050],"class_list":["post-134692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-latest","category-technology-stocks","tag-automobile","tag-system-integration","tag-technology-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":141446,"url":"https:\/\/alphastreet.com\/india\/tata-elxsi-q3fy23-net-profit-rises-by-29\/","url_meta":{"origin":134692,"position":0},"title":"Tata Elxsi Q3FY23 net profit rises by 29%","author":"Chirag Gupta","date":"February 14, 2023","format":false,"excerpt":"Net profit of Tata Elxsi rose 28.96% to INR 194.68 crore in the quarter ended December 2022 as against INR 150.96 crore during the previous quarter ended December 2021. While, sales rose 28.69% to INR 817.74 crore in the quarter ended December 2022 as against INR 635.41 crore during the\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":139208,"url":"https:\/\/alphastreet.com\/india\/tata-elxsi-delivers-29-growth-in-its-net-profits-in-q3fy23-results\/","url_meta":{"origin":134692,"position":1},"title":"Tata Elxsi delivers 29% growth in its net profits in Q3FY23 results","author":"Chirag Gupta","date":"January 25, 2023","format":false,"excerpt":"Net profit of Tata Elxsi rose 28.96% to INR 194.68 crore in the quarter ended December 2022 as against INR 150.96 crore during the previous quarter ended December 2021. While, sales rose 28.69% to INR 817.74 crore in the quarter ended December 2022 as against INR 635.41 crore during the\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":135007,"url":"https:\/\/alphastreet.com\/india\/tata-consumer-products-ltd-reported-its-q2fy23-earnings-net-profit-up-by-36\/","url_meta":{"origin":134692,"position":2},"title":"Tata Consumer Products Ltd reported its Q2FY23 earnings: Net profit up by 36%","author":"Chirag Gupta","date":"October 21, 2022","format":false,"excerpt":"On Thursday, Tata Consumer Product Ltd (TCPL) reported a 36.25 per cent rise in consolidated net profit at INR 389.43 crore for the second quarter. While, revenue from operations rose by 10.87 per cent to INR 3,363.05 crore during the quarter under review as against INR 3,033.12 crore in the\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139888,"url":"https:\/\/alphastreet.com\/india\/tata-consumers-net-profit-soars-by-26-in-its-q3fy23-earnings\/","url_meta":{"origin":134692,"position":3},"title":"Tata Consumer’s net profit soars by 26% in its Q3FY23 earnings","author":"Chirag Gupta","date":"February 2, 2023","format":false,"excerpt":"Tata Consumer Products Ltd (TCPL) on Thursday reported a 25.63 per cent increase in consolidated net profit at INR 364.43 crore for the quarter ended December. The company had posted a net profit of INR 290.07 crore for the October-September period a year ago, TCPL, earlier known as Tata Global\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4c4ad392-ecc3-4b21-a850-0ba3e6d14098.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4c4ad392-ecc3-4b21-a850-0ba3e6d14098.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4c4ad392-ecc3-4b21-a850-0ba3e6d14098.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4c4ad392-ecc3-4b21-a850-0ba3e6d14098.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4c4ad392-ecc3-4b21-a850-0ba3e6d14098.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4c4ad392-ecc3-4b21-a850-0ba3e6d14098.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":135311,"url":"https:\/\/alphastreet.com\/india\/tata-steel-q2fy23-results-out-net-profit-down-by-90\/","url_meta":{"origin":134692,"position":4},"title":"TATA Steel Q2FY23 results out: Net profit down by 90%","author":"Chirag Gupta","date":"November 1, 2022","format":false,"excerpt":"Tata Steel reported a consolidated net profit at INR 1,297 crore in July to September quarter (Q2FY23), down by 90 per cent, on the back of declining margins. In the year-ago period, net profit was at INR 12,548 crore. Revenues from operations at INR 59,877.52 crore was marginally down by\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140669,"url":"https:\/\/alphastreet.com\/india\/tci-express-q3fy23-net-profit-plummeted-by-9-to-inr-32-crore\/","url_meta":{"origin":134692,"position":5},"title":"TCI Express Q3FY23 net profit plummeted by 9% to INR 32 crore","author":"Chirag Gupta","date":"February 9, 2023","format":false,"excerpt":"Express logistics firm TCI Express posted 8.57 per cent drop in net profit to INR 32 crore for the quarter ended December 30, 2022. The consolidated net profit of the company in the year-ago period stood at INR 35 crore, according to a regulatory filing. The company\u2019s total income from\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/134692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=134692"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/134692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/49407"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=134692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=134692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=134692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}