Tata Elxsi Limited
NSE Symbol TATAELXSI
FY10 VS FY09 RESULTS
COMPARISON
TATA ELXSI has performed slightly below its level of FY 09 – in the current year of FY10.
Net Sales On stand alone basis, has come down by 10% to Rs. 376 Cr in FY10 from Rs.419 Cr in FY 09. On consolidated basis, the same has come down from Rs.419 Cr in FY 09 to Rs.388 Cr, a fall of 7% YOY.
Total Expenditure on stand alone basis has come down by 8% to Rs.326 Cr in FY10 from Rs.353 cr in FY09.The same on consolidated basis has come down by 5% from Rs.354 Cr in FY 09 to Rs.337 Cr in FY 10 YOY.
Net Profit on stand alone basis has come down by 18% YOY - to Rs.47.91 Cr in FY10 from Rs.58.11 Cr in FY09. But, the same on consolidated basis has come down by 16% from Rs.58.16 Cr to Rs.48.82 Cr.
Basic EPS on stand alone basis has come down by 18% to Rs.15.39 in FY10 from Rs.18.66 on a Face value of Rs.10. The same, on consolidated basis has come down by 16% from Rs.18.68 in FY09 to Rs.15.68 in FY10.
On the market price of 289, the PE Ratio works out to 18.43.
The public shareholding in the company is 55%.
In a communication to NSE, the company on 4-12-2009, has said - (a) the LA studio will work seamlessly with the fully-equipped studio in Mumbai. The total value of the equipment for VFX (Visual effects) available in the Company is about USD 5m. b) Company as a whole is looking to regain its past growth rates and based thereon, is targeting a turnover of $300 to $400m over the next 3-4 years.
If the company achieves this – this growth will reflect in the market price of its shares also.
The financial figures are given hereunder:
Dif% | FY10nonconsol | Dif%2 | ||||
41936.15 | 38817.25 | -7 | Net Sales | 37637.04 | 41851.6 | -10 |
15.46 | 94.94 | 514 | Other Oprg Income | 94.94 | 14.45 | 557 |
3400.51 | 4864.06 | 43 | Traded goods | 3785.32 | 3346.46 | 13 |
22757.17 | 20031.89 | -12 | Employees Cost | 20031.89 | 22755.72 | -12 |
1595.18 | 1658.26 | 4 | Depreciation | 1658.26 | 1595.18 | 4 |
7628.12 | 7122.58 | -7 | Other Expenditure | 7119.89 | 7622.02 | -7 |
35380.98 | 33676.79 | -5 | Total Expenditure | 32595.36 | 35319.38 | -8 |
6570.63 | 5235.4 | -20 | Profit-Operations | 5136.62 | 6546.67 | -22 |
6570.63 | 5235.4 | -20 | P B I E | 5136.62 | 6546.67 | -22 |
377.22 | 173.88 | -54 | Interest | 173.88 | 377.22 | -54 |
6193.41 | 5061.52 | -18 | Profit A INT B EI | 4962.74 | 6169.45 | -20 |
6193.41 | 5061.52 | -18 | Profit before tax | 4962.74 | 6169.45 | -20 |
377.49 | 179.81 | -52 | Tax Expense | 171.54 | 358.93 | -52 |
5815.92 | 4881.71 | -16 | NPT after tax | 4791.2 | 5810.52 | -18 |
5815.92 | 4881.71 | -16 | Net Profit | 4791.2 | 5810.52 | -18 |
5815.92 | 4881.71 | -16 | Consolidated NPT | |||
- | - | Dividend (%) | 70 | 70 | 0 | |
10 | 10 | 0 | Face Value (in Rs.) | 10 | 10 | 0 |
3113.82 | 3113.82 | 0 | Paid-up Equity | 3113.82 | 3113.82 | 0 |
12069.22 | 14398.87 | 19 | Reserves | 14283.55 | 12042.47 | 19 |
18.68 | 15.68 | -16 | Basic EPS | 15.39 | 18.66 | -18 |
56 | 55 | -2 | Public holding (%) | 55 | 56 | -2 |
QUARTERLY RESULTS
The quarterly results below indicate that Q4 FY10 results are below those of Q4 FY09.
Net sales is down by 10.2%.Total expenditure remains same.Net profit is down by 50.2%.Basic EPS is also down by 50.2%.
Dividend has been maintained at 70% - same as last year.
Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dif% | |
Net Sales | 9548.3 | 9985.8 | 9056.9 | 9046.1 | 10634.8 | -10.2 |
Traded Goods | 850.26 | - | 472.93 | 864.8 | 842.81 | 0.9 |
Employees Cost | 5662 | 4488.7 | 5164.4 | 5067.9 | 5143.95 | 10.1 |
Depreciation | 418.25 | 424.97 | 411.53 | 403.51 | 405.77 | 3.1 |
Other Expdr | 1290.8 | 2260.5 | 1651 | 1917.6 | 1863.22 | -30.7 |
Total Expdr | 8221.3 | 8420.4 | 7699.9 | 8253.8 | 8255.75 | -0.4 |
OP.Profit | 1376.4 | 1608.9 | 1357.9 | 793.44 | 2378.08 | -42.1 |
Interest6 | 55.83 | 57.86 | 28.74 | 31.45 | 67.54 | -17.3 |
P B T | 1320.6 | 1551 | 1329.2 | 761.99 | 2310.54 | -42.8 |
Tax expense | 161.54 | -87.85 | 57.35 | 40.5 | -16.4 | -1085 |
P A T | 1159 | 1638.9 | 1271.8 | 721.49 | 2326.94 | -50.2 |
Net Profit | 1159 | 1638.9 | 1271.8 | 721.49 | 2326.94 | -50.2 |
Dividend (%) | 70 | - | - | - | 70 | 0 |
F V- Rs | 10 | 10 | 10 | 10 | 10 | 0 |
Basic EPS | 3.72 | 5.26 | 4.08 | 2.32 | 7.47 | -50.2 |
ANNOUNCEMENTS
TO THE EXCHANGE
11-06-2010 Tata Elxsi Limited has informed the Exchange that the Register of Members of the Company will remain closed from July 14, 2010 to July 26, 2010 (Both days inclusive) for the purpose of determining the members eligible to receive the Dividend, if declared, in respect of the Annual General Meeting of the Company convened to be held on July 26, 2010. Further, the dividend, if approved at the Annual General Meeting on July 26, 2010 will be payable on or after July 27, 2010 -
30-04-2010 Tata Elxsi (India) Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on April 30, 2010 have recommended a dividend of Rs. 7.00 per share for 2009-10. -
30-04-2010 Tata Elxsi Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 37637.04 lacs for year ending on 31-MAR-2010 against Rs. 41851.6 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 4791.2 lacs for the year ending on 31-MAR-2010 against Rs. 5810.52 lacs for the year ending on 31-MAR-2009. -
30-04-2010 Tata Elxsi Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 38817.25 lacs for year ending on 31-MAR-2010 against Rs. 41936.15 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 4881.71 lacs for the year ending on 31-MAR-2010 against Rs. 5815.92 lacs for the year ending on 31-MAR-2009. -
30-04-2010 Tata Elxsi Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 9548.26 lacs for quarter ending on 31-MAR-2010 against Rs. 10634.84 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 1159.04 lacs for the quarter ending on 31-MAR-2010 against Rs. 2326.94 lacs for the quarter ending on 31-MAR-2009. -
30-04-2010 Tata Elxsi Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 10677.42 lacs for quarter ending on 31-MAR-2010 against Rs. 10636.61 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 1232.59 lacs for the quarter ending on 31-MAR-2010 against Rs. 2312.86 lacs for the quarter ending on 31-MAR-2009. -
04-12-2009 News Verification : The media had reports that Tata Elxsi (India) Ltd is expanding its operations in Los Angeles through its visual effects and animation arm.. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Tata Elxsi (India) Ltd has vide its letter inter-alia stated, " A press release dated December 1st December,2009 regarding the captioned subject was given to the media providing inter-alia the following information viz: a) the LA studio will work seamlessly with the fully-equipped studio in Mumbai. The total value of the equipment for VFX (Visual effects) available in the Company is about USD 5m. b) Company as a whole is looking to regain its past growth rates and based thereon, is targeting a turnover of $300 to $400m over the next 3-4 years. The current press release is a part of a continous communication exercise to announce setting up of new office/studio/centre (in India/overseas) etc. from time to time and a normal business practice and cannot be regarded as extra-ordinary or price sensitive information."
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