Tata Elxsi shares jump over 5% after Q2 earnings

PTI New Delhi | Updated on October 15, 2020 Published on October 15, 2020

Shares of design and technology services provider Tata Elxsi on Thursday rose by over 5 per cent in early trade on the bourses after the company reported a 58.3 per cent increase in net profit for the September quarter.

The stock gained 5.25 per cent to ₹1,533.55 (its 52-week high) on the BSE.

At the NSE, it jumped 5.19 per cent to its one year high of ₹1,534.95.

Tata Elxsi on Wednesday reported a 58.3 per cent increase in net profit to ₹78.8 crore for the September 2020 quarter.

The company had registered a net profit of ₹49.8 crore in the year-ago period, Tata Elxsi said in a regulatory filing.

Its revenue from operations rose 11.5 per cent to ₹430.2 crore for the said quarter from ₹385.8 crore in the corresponding period a year ago.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on October 15, 2020
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.