Tata Elxsi Announces Financial Results for Year Ended March 31, 2014
OREANDA-NEWS. Tata Elxsi announced its results today for the fourth quarter and year ended March 31, 2014, as approved by its board of directors.
It reported consolidated total income of Rs774.8 crore for the year ended March 31, 2014, an increase of 25 percent from Rs621.7 crore in the previous fiscal year.
The profit before tax (PBT) for FY14 rose to Rs112.2 crore from Rs33.4 crore in FY13, an increase of 236 percent on a year-on-year basis.
Net profit for the year rose to Rs72.3 crore from Rs21.3 crore in FY13, an increase of 239 percent on a year-on-year basis.
The operating income for Q4 FY14 was Rs211.5 crore as compared to Rs163.4 crore for Q4 FY13, an increase of 29 percent on a year-on-year basis.
Profit before tax rose to Rs35.5 crore from Rs12.7 crore, an increase of 180 percent on a year-on-year basis.
On a sequential quarter basis, operating income grew 6 percent and profit before tax grew over 8 percent.
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