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Tata Elxsi rises on reporting marginal rise in Q4 net profit

Mumbai : Tata Elxsi is currently trading at Rs. 932.85, up by 2.55 points or 0.27% from its previous closing of Rs. 930.30 on the BSE. The scrip opened at Rs. 930.00 and has touched a high and low of Rs. 934.85 and Rs. 924.10 respectively. So far 12300 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1491.75 on 26-Jul-2018 and a 52 week low of Rs. 826.00 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 973.00 and Rs. 924.10 respectively. The current market cap of the company is Rs. 5793.58 crore. The promoters holding in the company stood at 44.53%, while Institutions and Non-Institutions held 14.83% and 40.64% respectively.

Tata Elxsi has reported a marginal rise of 1.42% in its net profit at Rs 71.29 crore for the quarter ended March 31, 2019 under review as compared to Rs 70.29 crore for the same quarter in the previous year. Total income of the company increased by 6.35% at Rs 420.09 crore for Q4FY19 as compared Rs 395.00 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 20.80% in its net profit at Rs 289.97 crore as compared to Rs 240.04 crore for the previous year. Total income of the company increased by 14.75% at Rs 1,640.39 crore for year under review as compared to Rs 1,429.54 crore for year ended March 31, 2018.

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