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Tata Elxsi Share Price: Tata Elxsi\’s shares dropped 3% on BSE after a 3% YoY profit fall to Rs 184 crore in June 2024. Revenue rose 9% YoY to Rs 926 crore; net profit sequentially declined 6%. EBITDA fell 3% QoQ. Margins at 27.23%. CEO Manoj Raghavan emphasized operational excellence and fiscal discipline. Kotak: \’Sell\’, Choice: \’Reduce\’.
Dr Ravi Singh predicts Nifty testing highs at 22,800 levels amidst positive sentiment. Investors advised on stop losses in volatile markets and quality stock selection in the banking sector. Traders recommended actions on top gaining stocks like Hindustan Zinc and Tata Motors.
Devang Mehta discusses Tata Motors\’ stock being fully priced in amid global demand slowdown, Zomato\’s strong management but low margins, UPL\’s recent surge, and sector rotation. He also analyzes potential corrections and new investor opportunities in the market. Mehta says: \”A lot of companies are now fully priced in and there will be some correction if you disappoint a little bit or if even the sector disappoints a bit.\”
Tata Motors on Friday announced a dividend of Rs 6 per share while announcing its Q4 results, which would be paid to the eligible shareholders on or before June 28.
Tata Motors Q4 Results: The company reported a net profit of Rs 12,033 crore in the year-ago period. The revenue for the quarter under review stood at Rs 1.20 lakh crore which was a 13.3% YoY jump.
Q4 results today: Several other companies scheduled to release their financial results include Cholamandalam Finance, Eicher Motors, Finolex Industries, Jupiter LifeLine Hospitals, Kalyan Jewellers, Piramal Pharma, Punjab and Sind Bank, Spencers Retail, TCI Express, Thermax, and more.
The profit after tax (PAT) is seen in the range of Rs 7,438 crore and Rs 8,350 crore while the revenue is expected to stay between Rs 1,05,932.40 crore and Rs 1,21,606.80 crore, the estimates revealed.
Tata Consumer shares dropped 5% to Rs 1,112 on BSE as its Q4 net profit fell 19% YoY to Rs 217 crore. Goldman Sachs maintains a neutral rating, citing slowed India beverage growth and margin reliance on international and unbranded segments.
Tata Consumer shares dropped 5% to Rs 1,112 on BSE as its Q4 net profit fell 19% YoY to Rs 217 crore. Goldman Sachs maintains a neutral rating, citing slowed India beverage growth and margin reliance on international and unbranded segments.
Tata Elxsi\’s shares dropped 5% to Rs 7,000 today as investors were disappointed by the company\’s Q4 results. The company reported a 4.5% sequential decline in net profit in its quarterly results announced yesterday. Q4 revenue stood at Rs 905.9 crore, down 0.9% QoQ, marking the first sequential revenue decline since Q1 of FY21.
Revenue from operations during the reporting period rose 8% year-on-year to Rs 3,927 crore, compared with Rs 3,618 crore in the previous year quarter. The board recommended a final dividend of Rs 7.75 per equity share (775%) for the financial year 2023-24. The dividend will be approved by the members within 30 days of its declaration.
The revenue from operations for the reported quarter stood at Rs 906 crore down from Rs 838 crore in Q4FY23 and Rs 914 crore in Q3FY24. It was up 8.11% on a year-on-year basis and lower by 0.87% on a quarter-on-quarter basis.