Tata Elxsi Q3 net up 38 per cent

By Our Corporate Bureau | 28 Jan 2004

Bangalore: Tata Elxsi has reported a net profit of Rs 5.58 crore for the third quarter ended December 2003, an increase of 38 per cent over Rs 4.03 crore registered in the corresponding period last year.

The company recorded a revenue of Rs 38.85 crore in third quarter compared to Rs 25.71 crore during the corresponding period last year.

"By adding to our customer portfolio, we have been able to maintain the upward trend since the last quarter. This performancegives the confidence to maintain the momentum in the coming quarters," Tata Elxsi Ltd, CEO, Madukar Dev, said in a press release.