Tata Elxsi on Tuesday reported a 10% year-on-year (YoY) rise in net profit for the September quarter, helped by double-digit growth in revenue even as higher employee and operating costs kept profit growth below the top-line expansion. The company’s net profit for the quarter ended September stood at Rs 170 crore, compared with Rs 155 crore in the same period last year.
Revenue from operations rose 15% YoY to Rs 1,056 crore from Rs 918 crore a year earlier. Total income from operations, including other income, increased 13% to Rs 1,090 crore, compared with Rs 967 crore a year earlier. Other income fell to Rs 35 crore from Rs 49 crore, partly weighing on the overall profit growth.
