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Tata Elxsi Q3FY14 Revenues grow by over 28%, PBT rises 159%
Revenues at Rs 200 crore up by 28% YoY from Rs 157 crore
PBT at Rs 33 crore up by 159% YoY from Rs 13 crore
On a YTD basis, PBT increased by 266% from FY13 to FY14
QoQ Revenues up by 5%; QoQ PBT up by 9%
Tata Elxsi, a global design company and part of the $ 100 billion Tata group, reported consolidated revenues of Rs 200 crores for the quarter ending 31st December, 2013, indicating a growth of 28 % YoY (Rs 157 crore in Q3FY13) and 5% QoQ (Rs 190 crore in Q2FY14).
PBT for Q3FY14 was Rs. 33 crores showing a growth of 159 % YoY (Rs 13 crore in Q3FY13) and 9% QoQ (Rs 30 crore in Q2FY14).
Its services segment, comprising Embedded / Electronic design, Industrial Design and VFx services, grew by 30% to Rs. 183 cr YoY.
Commenting on the Q3FY14 performance, Mr. Madhukar Dev, MD & CEO said“The company has registered continued growth across services and geographies. Its international revenues have grown QoQ inspite of the negative currency impact as compared to the previous quarter. Profits have also shown a consistent and significant increase on a YoY and QoQ basis. The company will continue to focus on scaling its Electronic Design and ID businesses, building domain centric capabilities and integrated offerings in select verticals, including broadcast and media, transportation, communications, semiconductor and medical electronics.”
Recently, Tata Elxsi showcased a range of innovative solutions at the International CES 2014 in Las Vegas, the premier show for technologies and innovations in consumer electronics. This included solutions and capability demonstrators for next generation in-vehicle infotainment, HEVC decoders for Ultra HD video, RDK based solutions for MSOs and operators, and prototype concepts for security in connected cars.
Tata Elxsi’s Visual Computing Labs won the Filmfare award for best VFx in Dhoom3, at the 59th Filmfare Awards event held on Jan 24th, 2014.
Headquartered in Bangalore, India, Tata Elxsi’s global network of offices includes Dubai, France, Germany, Japan, Malaysia, Singapore, South Africa, UAE, UK, and USA.
About Tata Elxsi:
Tata Elxsi is a design company that blends technology, creativity and engineering to help customers transform ideas into world-class products and solutions. A part of the $ 100 billion Tata group, Tata Elxsi addresses the communications, consumer products, defence, healthcare, media & entertainment, semiconductor and transportation sectors. This is supported by a network of design studios, development centres and offices worldwide. Key services include embedded product design, industrial design, animation & visual effects and systems integration.
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