This release may contain certain future prospects which may be a forward-looking statements. Forward-looking statements by their
nature involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations.
These forward-looking statements represent only the Company's current intentions, beliefs or expectations, and any forward-looking
statement speaks only as of the date on which it was made. The Company assumes no obligation to revise or update any forward-
looking statements.
Note: All numbers have been rounded to the nearest digit for convenience of representation.
2
Message from the CEO and Managing Director
Manoj Raghavan
CEO and MD
Tata Elxsi Ltd.
"We are pleased to report another quarter of consistent and strong growth, supported by differentiated offerings and industry leading operational excellence.
We continue to execute strongly on all our key strategies, driving growth across our three primary industry verticals and regions, building on our software and digital product engineering capabilities.
We are seeing significant growth in the automotive market, with large and strategic deals with both OEMs and suppliers across Electric, Autonomous, Connected and Digital, underscoring our technology and engineering leadership.
We have won strategic multi-year large deals this quarter against the best global competitors in all three industries, which clearly underscores the differentiation we bring to our customers, and the relevance of our design-led technology capabilities.
The superior topline and bottom-line performance was supported by industry-leading operational excellence and talent retention. We are continuing to invest in our talent pipeline to support continued growth.
We are entering the fourth quarter with the confidence of a strong order book and a healthy
deal pipeline across key markets and industries."
3
Highlights for Q3 FY22
Revenue
Sequential
QoQ Constant
YoY Revenue
Growth
Currency Growth
Growth
635.4 INR Cr
6.7%
6.5%
33.2%
Profitability
EBITDA INR Cr
PBT INR Cr
PAT INR Cr
EBITDA Margin
210.8 Cr
200.3
151.0
33.2%
(46.8% YoY)
(36.9% YoY)
(43.5% YoY)
EPS
Q3 FY22
QoQ Growth
YoY Growth
24.24
20.4%
43.5%
People
Closing
Net
LTM
Headcount
Additions
Attrition
9033 41418.2%
4
Performance Highlights
Financial Highlights
Revenues from operations at Rs. 635.4 Cr; +6.7% QoQ, +33.2 % YoY
Constant currency revenue up 6.5% QoQ, 32.7% YoY
EBITDA of ₹ 210.8 Cr; Growth of 14.8% QoQ and 46.8% YoY
PBT of 200.3 Cr; PBT% increased from 28.6% in Q2 to 31.2% in Q3
Awards and Accolades
Tata Elxsi has been ranked in the Leadership Zone for Automotive, Medical Devices, and Telecom industries in the latest Zinnov Zones for ER&D Services 2021 ratings
Tata Elxsi won the OTT TV Technology of the Year Award at the renowned VideoTech Innovation Awards 2021, in London
Tata Elxsi and Tata Steel has jointly won the L&D Vision and Innovation Award 2021 for the Tata Steel Safety Leadership Development Centre at Jamshedpur
Segment Highlights
Embedded Product Design (EPD), the company's largest division grew by 36.0% YoY
Industrial Design & Visualization (IDV) grew by 12.4% YoY and 61.7% YTD on a sequential basis
5
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Tata Elxsi Ltd. published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 13:24:01 UTC.
Tata Elxsi Limited is an India-based global design and technology services company. The Company's business segments include system integration and support, and software development and services. It has expertise in automotive engineering spanning areas, such as advanced driver-assistance systems, autonomous driving, electrification, and connected car solutions. The Company supports clients in reimagining their products and services by applying design thinking and digital technologies such as Internet of things (IoT), cloud, mobility, virtual reality and artificial intelligence. The Company offers platforms and solutions such as TETHER, which is a connected vehicle platform; TECockpit, which is an integrated cockpit solution, and Autom@TE, which is a test automation suite. The Company provides digital content creation for the media and entertainment industry. It provides services across industries, including automotive, broadcast, communications, healthcare and transportation.