Tata Elxsi Q1 net profit falls 30.7pc to Rs 48.7cr

Tata Elxsi Wednesday said its net profit declined 30.7 per cent to Rs 48.79 crore in the April-June quarter compared to the year-ago period. The company had posted a net profit of Rs 70.49 crore in April-June 2018.

Revenue from operations dropped by 5.3 per cent to Rs 361.71 crore in the said quarter from Rs 382.03 crore in the year-ago period, the Tata Group company added. Software development and services accounted for Rs 351.91 crore of the revenues, while the remaining came in from system integration and support services.