)
Tata Elxsi has soared 9% to Rs 805 on BSE after reporting a strong 29% year on year (yoy) jump in consolidated net profit at Rs 27.75 crore for the third quarter ended December 31, 2014 (Q3), on back of healthy operational performance.
The Tata Group firm engaged in IT software products business had profit of Rs 21.56 crore in a year ago quarter.
Net sales of the company grew 11% yoy at Rs 221 crore, while total expenditure increased by 7.2% at Rs 178 crore over the previous year quarter. EBITDA margin improved 100bps to 22.78% from 21.76% during the recently concluded quarter.
The stock opened at Rs 738 and touched a record high of Rs 814 on BSE. The counter has seen over three-fold jump in trading volumes with a combined 5.13 million shares changing hands till 1443 hours on BSE and NSE.
The Tata Group firm engaged in IT software products business had profit of Rs 21.56 crore in a year ago quarter.
Net sales of the company grew 11% yoy at Rs 221 crore, while total expenditure increased by 7.2% at Rs 178 crore over the previous year quarter. EBITDA margin improved 100bps to 22.78% from 21.76% during the recently concluded quarter.
The stock opened at Rs 738 and touched a record high of Rs 814 on BSE. The counter has seen over three-fold jump in trading volumes with a combined 5.13 million shares changing hands till 1443 hours on BSE and NSE.
