Tata Elxsi surges 9%, hits new high on healthy March quarter results

The company announced a final dividend of Rs 24 per share for the year 2020-21 along with a one-time special dividend of Rs 24 per share, subject to tax

Shares of Tata Elxsi surged 9 per cent to hit a new high of Rs 3,310 on the BSE in intra-day trade on Friday after the company reported a healthy set of March quarter (Q4FY21) numbers. The Tata Group-owned information technology (IT) company also announced a final dividend of Rs 24 per share for the year 2020-21 along with a one-time special dividend of Rs 24 per share, subject to tax.

In Q4FY21, Tata Elxsi’s revenues increased 8.7 per cent quarter-on-quarter (QoQ) to Rs 518 crore, mainly led by 3.9 per cent QoQ growth in transportation, 5.8 per cent QoQ growth