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Tata Elxsi

Q3FY20 :

Price when result was announced : 840

Revenue growth came at 9.81% YoY highest in last four quarters showing first sign of trend reversal.

USA revenue came at 33.7% lower than previous quarter but higher than last year same quarter.

Embedded Production Design revenue was at 86.9% same as previous quarter and slightly higher than last year same quarter.

Attrition Rate has come to 9% that is seven quarter lower.

Main Positive

Dependency on Top Client JLR is continuously reducing while revenue contribution from Medical devices is increasing.

Fixed price contract contribution has increased that provide stability to financials.

Recommendation : To Be Reviewed


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