Tata Elxsi Q4 FY2024: Revenue Up 13%, Q4 PAT at Rs.19693.44 Cr, Down 4.60%, PAT Margin Slips 2.32%

Tanushree Jaiswal 24th April 2024 - 04:54 pm

Key Highlights

Tata Elxsi reported a 13% increase in its operating revenue on a YOY basis reaching Rs 3552.10 cr in FY2024.
PAT marked at Rs. 19693.44 cr for Q4 FY2024 against Rs. 20643.24 cr in Q3 FY 2024, down by 4.60% on a quarterly basis.
PAT margin down by 2.32% for Q4 FY2024 compared to Q4 FY2023.

Business Highlights

Tata Elxsi's total revenue for Q4 FY 2024 was Rs. 93962.55 cr, down by 8.80% on a YOY basis from Rs. 86360.67 cr in FY 2023.
Net profit for FY 2024 was Rs. 79223.79 cr against Rs. 75519.32 cr in FY 2023.
The company’s yearly Profit Before Tax crossed the Rs. 1,000 cr mark for the first time.
Tata Elxsi declared an Rs. 70 (700%) per share dividend.
The company’s transportation business registered a growth in revenue at 24.6% on a YOY basis with increased deals in OEMs, defined vehicles, and electric vehicles.
Healthcare & Lifesciences and Media & Communications segments grew at 10.8% and 0.2% on a YOY basis, respectively.

Commenting on the results, Mr. Manoj Raghavan, CEO and Managing Director, Tata Elxsi said, “Financial year 2024 has been a year of consistent operational performance with a revenue growth of 13% despite global macroeconomic uncertainties, and volatility in the media and communications industry over the last few quarters. We have done well to maintain industry leading EBITDA margin at 29.5% for the year, even while we continued to invest in expanding our talent base through all four quarters, with a net addition of 1535 Elxsians through the year.”

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Tanushree Jaiswal

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