FY19 Q2 Result Update "Tata Elxsi"
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Tata Elxsi posted 16.57 % YOY rise in net profitat Rs 82.18 cr for the quarter ended September 2018. It has posted a net profit of 70.50 cr in the sequencial quarter ended June 2018.
Revenue increased to Rs 426.10 cr in Q2 FY19 over Rs 389.88 cr in Q1 FY 19.
EBITDA margin stood at 32.30% of the quarter against 29.90% in previous quarter.
The shares of Tata Elxsi slipped 7% as market expected that the company was delivered the benefits of the Rupee depreciations. Also it's a over valued company at the current scenario, when all sectors are corrected.
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