Tata Elxsi Limited Announces Audited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 25, 2017 at 02:01 am
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Tata Elxsi Limited announced audited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales/income from operations of INR 3,093.900 million against INR 2,740.751 million a year ago. Total income from operations (net) was INR 3,093.900 million against INR 2,740.751 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 669.547 million against INR 606.233 million a year ago. Profit from ordinary activities before tax was INR 661.983 million against INR 615.866 million a year ago. Net profit from ordinary activities after tax was INR 437.883 million or INR 14.06 per basic and diluted share before and after extraordinary items against INR 399.006 million or INR 12.81 per basic and diluted share before and after extraordinary items a year ago.
For the nine months, the company reported net sales/income from operations of INR 9,069.911 million against INR 7,812.542 million a year ago. Total income from operations (net) was INR 9,069.911 million against INR 7,812.542 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 1,973.666 million against INR 1,632.473 million a year ago. Profit from ordinary activities before tax was INR 1,946.404 million against INR 1,744.972 million a year ago. Net profit from ordinary activities after tax was INR 1,287.940 million or INR 41.36 per basic and diluted share before and after extraordinary items against INR 1,137.222 million or INR 36.52 per basic and diluted share before and after extraordinary items a year ago.
Tata Elxsi Limited is an India-based global design and technology services company. The Company's business segments include system integration and support, and software development and services. It has expertise in automotive engineering spanning areas, such as advanced driver-assistance systems, autonomous driving, electrification, and connected car solutions. The Company supports clients in reimagining their products and services by applying design thinking and digital technologies such as Internet of things (IoT), cloud, mobility, virtual reality and artificial intelligence. The Company offers platforms and solutions such as TETHER, which is a connected vehicle platform; TECockpit, which is an integrated cockpit solution, and Autom@TE, which is a test automation suite. The Company provides digital content creation for the media and entertainment industry. It provides services across industries, including automotive, broadcast, communications, healthcare and transportation.