look news india
Tata Group Stock: Tata Elxsi Limited, a Tata group company, announced its March quarter results on Tuesday, April 23. The Tata group company's net profit fell 4.6 per cent sequentially to ₹196.9 crore. Tata Elxsi reported a net profit of ₹206.4 crore in the last October-December quarter. Tata Elxsi's revenue also declined one per cent on quarter-on-quarter (QoQ) basis to Rs 905.9 crore. The company's revenue in the October-December quarter stood at Rs 914.2 crore. The company's shares closed with a slight fall today at Rs 7390.
what's in detail
Tata Elxsi's revenue for the year ending March 31, 2024 grew 13% year-on-year (YoY) to ₹3,552.1 crore, while profit before tax increased 11.9% to ₹1,048.7 crore. EBITDA margin for the year stood at 29.5 percent, while PBT margin stood at 28.5 percent.
Company is paying dividend
The company has announced a dividend of Rs 70 per share to the shareholders. It is noteworthy that the Tata group company has a good dividend track record and has been declaring dividends continuously for the last five years. Tata Elxsi had declared an equity dividend of 606 per cent in the financial year ending March 2023, at Rs 60.6 per share. These shares are giving tremendous benefits to the investors.