Date:23/07/2005 URL: http://www.thehindubusinessline.com/2005/07/23/stories/2005072302410400.htm

Back Tata Elxsi net at Rs 6.59 cr

Our Bureau

BANGALORE: Tata Elxsi reported revenues of Rs 51 crore during the first quarter of the fiscal and a net profit of Rs 6.59 crore. Sequentially this means a dip in revenues from Rs 52.8 crore and from profits of Rs 8.17 crore in the last quarter of the previous fiscal.

Revenues, however, rose 33 per cent compared to the corresponding previous period. The services segment, which contributed 82 per cent to revenues contributed to growth during the quarter, according to the company. Shareholders also approved a dividend of Rs 5.50 per share at the company AGM here on Friday.