Tata Elxsi has moved higher by over 5% at Rs 384, bouncing back 9% from intra-day low on the BSE, after reporting more-than-double consolidated net profit at Rs 21.56 crore for the quarter ended December 31, 2013 (Q3) on back of strong growth in operational income. IT software products maker had profit of Rs 8.74 crore in previous year quarter.
The company’s total income from operations grew 27% year-on-year at Rs 200 crore during the recently concluded quarter, Tata Elxsi said in a statement.
Meanwhile, the company has reported a net profit of Rs 50.41 crore for the first nine months (April – December 2013) of the current fiscal against Rs 13.17 crore in the same period last fiscal. The company had posted net profit of Rs 21.30 in entire previous financial year 2012-13.
The stock opened at Rs 359 and touched a low of Rs 352 on the BSE. A combined 2 million shares changed hands on the counter so far on the BSE and NSE.
The company’s total income from operations grew 27% year-on-year at Rs 200 crore during the recently concluded quarter, Tata Elxsi said in a statement.
Meanwhile, the company has reported a net profit of Rs 50.41 crore for the first nine months (April – December 2013) of the current fiscal against Rs 13.17 crore in the same period last fiscal. The company had posted net profit of Rs 21.30 in entire previous financial year 2012-13.
The stock opened at Rs 359 and touched a low of Rs 352 on the BSE. A combined 2 million shares changed hands on the counter so far on the BSE and NSE.
