Tata Elxsi Q4 net profit, revenue decline QoQ; firm declares dividend of Rs 70 per share

Key points

• The net profit was down 4.6 percent quarter-on-quarter compared to the October to December period of FY24 and 2.32 percent against the March quarter of FY23 Going ahead, Tata Elxsi will focus on areas where more operators are currently present like digital, cloud, AI, Gen AI, and others, it said.
• (Representative image) TEI TEI NSE/BSE Select NSE LIVE BSE LIVE Day High Day Low Volume (NSE) More × Design and technology services company Tata Elxsi on April 23 reported a net profit of Rs 196.93 crore for the quarter ended March 31, declining both sequentially and annually, according to an exchange filing.
• The company also announced a dividend of Rs 70 per share for the financial year 2023-24, it said.
• “Further, we are pleased to inform you that the Board of Directors has recommended a dividend of 700% at Rs 70 per equity share of Rs 10 each, for the...