Tata Elxsi Announces Financial Results for the Year Ended March

Bangalore, Karnataka, India, Monday, April 22, 2013 -- (Business Wire India) 
Tata Elxsi Ltd reported consolidated operating income of Rs. 621.67 Crores for
the year ended 31st March 2013, an increase of 15 % over FY 2012.  
The operating income for Q4 FY 13 was Rs. 163.43 Crores as compared to Rs.
156.67 Crores for Q3 FY 13, an increase of 4.3% on a sequential quarter basis.
The operating profits rose 
to 16.27 Crores from 10.33 Crores, an increase of 57% on a sequential quarter
Its services segment, comprising Embedded / Electronic design, Industrial Design
and Animation services, grew by 22% to 552.95 Cr in FY13 from 454.25 Cr in FY
Commenting on the 2012-13 performance, Mr. Madhukar Dev, MD & CEO said “ Tata
Elxsi achieved a robust growth of 22% in the services segment and an overall
growth of 15%, despite scaling down the operations of Visual Computing Labs
(VCL), the animation and VFx business. 
The company launched two key initiatives to scale VCL in the last two years,
entering into a Joint Venture to develop and produce original content for
children's entertainment, and setting up a VFX studio in Los Angeles. While
these showed initial promise, they did not perform as expected and adversely
impacted the company's results in FY13. 
The two main services of the company, Embedded/Electronics Design and Industrial
Design reported strong growth, even as the company has quickly taken steps to
contain any further negative impact from the initiatives in VCL. 
About Tata Elxsi: 
Tata Elxsi is a design company that blends technology, creativity and
engineering to help customers transform ideas into world-class products and
solutions. A part of the $ 100 billion Tata group, Tata Elxsi addresses the
communications, consumer products, defence, healthcare, media & entertainment,
semiconductor and transportation sectors. This is supported by a talent pool of
over 4000+ employees and a network of design studios, development centres and
offices worldwide. Key services include embedded product design, industrial
design, animation & visual effects and systems integration. 
Media contact details 
Hari Balan, Corporate Manager,
Tata Elxsi,
media @tataelxsi.com 
Contributed via: Bloomberg Publisher WEB Service 
Provider ID: 42dfa77ac9014487969634a3731f9f10 
-0- Apr/24/2013 06:22 GMT
Press spacebar to pause and continue. Press esc to stop.