| | By Daniel Webster, dWeb.News
| BANGALORE (India), July 15, 2021 /PRNewswire/ -- Tata Elxsi (BSE : 500408) (NSE : TATAELXSI), one of the most prominent providers of design-led technology service, announced its results for the first quarter of FY 2021-22 that ended June 30, 2021. For Q1 FY22, company reported revenue of Rs 558.3 Crores from operations, which was up 39.4% YoY. The company generated PBT of Rs 1503.9 Cr during the reporting period, which was an increase of 63.9% YoY. The quarter's net profit was Rs 113.4 Cr. This is an increase of 64.6% YoY. Highlights of the Quarter Ended June 30, 20,21 Operation revenues at Rs. 558.3 Cr., +7.7% QoQ and +39.4% YoY Total income at Rs. 575.8 Cr +9.6% QoQ and +39.1% YoY Tata Elxsi was awarded all three Product Award Categories in Engineering Service Providers by the NASSCOM Engineering & Innovation Excellence Awards 2021 Next-gen Product of Year: Tether, Connected Vehicle IoT platform Engineered in India Product Award: OTT and video test automation & proactive QoE monitoring platform FalconEye QoEtient Social Impact Solution of the Year: Gazelle. This revolutionary point-of-care diagnostic device is used to screen for sickle-cell diseases and malaria. Gazelle was developed for Hemex Health. Both its key businesses drove the company's growth. Embedded Product Design, which is the largest division of the company, grew by 7.5% QoQ. 31.4% YoY. Industrial Design & Visualization (IDV), posted a smart growth rate of 13.9% QoQ. Americas led the growth with 17.5% QoQ growth and 69.3% YoY growth. Europe grew by 5.4% QoQ, and 30.1% YoY. India grew by 2.8% QoQ, and 47.6% YoY. EPD saw broad-based growth across all industry verticals. Healthcare continues to grow faster that other industries with a growth rate of 19.3% QoQ, and 80.2% YoY. Media & Communications had another solid quarter with 8% QoQ growth and 31.6% YoY growth. Transport continues to see revival with 3.4% QoQ growth and 20.1% YoY increase. Commenting on the performance, Mr. Manoj Rakhavan, CEO and managing director, Tata Elxsi, said: "We are happy to report a strong start for the new fiscal with all-round economic growth across key industries and geographies. We continue to deliver strong results on both the top and bottom lines. Our Healthcare business continues to grow strongly while Transportation and Media and Communications reported another quarter with sustained growth. For the third consecutive quarter, we are seeing sustained recovery within the automotive market. We have also secured large and strategic deals with both OEMs as well as suppliers in EV- and autonomous technology, which demonstrates our engineering and technology leadership. This is evident in the industry and geographic growth that we reported in the quarter. We have also been awarded strategic deals in digital healthcare, OTT, and video platform development. This reflects our ability to support customers' product and technology transformation agendas in key verticals. I am particularly pleased that our company won the NASSCOM Engineering & Innovation Excellence Awards for Engineering Service Providers in every product category. This recognition is a testament to Tata Elxsi's DNA of bringing design & technology together, leadership within each vertical we operate, and our unique solution and value driven approach for the market. We enter the second quarter with a strong orderbook and a healthy deal stream across key industries and markets. About Tata Elxsi Tata Elxsi is a leading provider of technology and design services in a variety of industries, including Automotive, Broadcast, Communications, Healthcare, and Transportation. Tata Elxsi helps customers reimagine products and services by using design thinking and the application of digital technologies like IoT (Internet of Things), Cloud Mobility, Virtual Reality, Artificial Intelligence, and Cloud. Visit www.tataelxsi.com for more information Contact Media Tata Elxsi Hari BalanCorporate Communication+91 80 2297 9123 Email : SOURCE TataElxsi
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