Tata Elxsi Q4 results- Net profit jumps to Rs 160 crore, revenue to Rs 681.7 crore

Design and technology services provider Tata Elxsi on Wednesday reported a 38.95 percent year-on-year (YoY) rise in net profit at Rs 160 crore for the fourth quarter ended March 31, 2022.

In the corresponding quarter last year, the company posted a net profit of Rs 115 crore. Its revenue from operations rose 31.51 percent YoY to Rs 681.7 crore from Rs 518.39 crore in the year-ago quarter, it said.

The company has delivered the highest annual growth in its history, with full-year operating revenues growing by 35.3 percent and Profit after Tax (PAT) growing by 49.3 percent to Rs 549.7 crore, crossing Rs 500 crore for the first time. CNBCTV18