BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Report
For Q1FY21, Tata Elxsi reported revenue growth of 10.7% YoY (-8.7% QoQ) to Rs 4,005 million against our estimates of Rs 3,843 million in Q1 FY21; 10.7% YoY growth.
- Overall, for the quarter, EBITDA margin expanded by 384 bps YoY to 23.1% (down 160 bps QoQ).
- Net profit increased by 41.2% YoY to Rs 689 million (-16.1% QoQ) with margin of 17.2% (up 371 basis points YoY) mainly on account of lower tax.
- Employee attrition reduced significantly from 13.7% in Q1FY20 to 5.4% in Q1FY21.
- The company is trying to diversify its customer base with top 5 and top 10 client concentration at 36.2% and 48.6% respectively in
- Q1FY21 compared to 38.9% and 50.6% respectively in Q4FY20.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR