Tata Elxsi reports strong numbers for Q2

Tata Elxsi has declared its Q2FY19 results on a standalone basis.  
  
The company has reported strong growth in revenue for Q2FY19. Revenue for the quarter stood at Rs. 402.78 crore as against Rs. 382.03 crore in the previous quarter.  
  
At the operational level, the company's EBITDA stood at Rs. 106.72 crore, a miniscule growth over the last quarter’s Rs. 106.52 crore. The company posted EBITDA margin of 26.49 per cent, a contraction of 138 bps from last quarter's margin of 27.88 per cent. The net profit after tax for the period stood at Rs. 82.18 crore, which was Rs. 70.49 crore for last quarter. It mus be noted that the bottomline is inclusive of other income, which stood at Rs. 23.31 crore as against Rs. 7.84 crore in last quarter.  
  
Tata Elxsi provides product design and engineering services to the consumer electronics, communications and transportation industries and systems integration and support services for enterprise customers. It also provides digital content creation for media and entertainment industry. 
  

On 9 October 2018, at 9.43 AM stock was trading at Rs. 976.55 per share. While the benchmark index BSE Sensex was trading at 34474 points, flat from previous closing.