Tata Elxsi announced its results for the quarter ending March 2022, as well as the fact that its board has proposed a final dividend of 425 percent, or 42.50 per share, for the fiscal year 2021-22, which is subject to shareholder approval at the next Annual General Meeting (AGM) and tax.
The Tata Group’s net profit for the January-March 2022 quarter increased by over 39% from the previous quarter to 160 crore. while revenue increased by 7.3 percent sequentially and by 31.5 percent year-on-year (YoY) to 681.7 crore. The operating margin for the firm was 32.5 percent.
The company’s main division, Embedded Product Design (EPD), increased by 7.5 percent quarter over quarter, while the Industrial Design and Visualization (IDV) section increased by 8%.
“This has been the company’s best year of growth in its history, with solid results across business divisions, industries, and continents.” “We continued to execute strongly on our growth ambitions in Q4 FY22, with over 7.4% QoQ CC (constant currency) revenue growth and 10% QoQ PBT growth,” stated Manoj Raghavan, Chief Executive Officer (CEO) and Managing Director of Tata Elxsi.
Tata Elxsi shares have returned more than 157 percent in a year, while the Tata Group stock has risen more than 33 percent in 2022 (YTD).