Tata Elxsi Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 12, 2021 at 12:21 pm
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Tata Elxsi Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 4,921.821 million compared to INR 4,439.627 million a year ago. Net income was INR 1,052.011 million compared to INR 754.201 million a year ago. Basic earnings per share from continuing operations was INR 16.89 compared to INR 12.11 a year ago. For the nine months, total revenue was INR 13,407.049 million compared to INR 12,159.982 million a year ago. Net income was INR 2,529.532 million compared to INR 1,740.184 million a year ago. Basic earnings per share from continuing operations was INR 40.62 compared to INR 27.94 a year ago.
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.
TATA ELXSI LIMITED 
