Shares of design and technology services provider Tata Elxsi on Thursday rose by over 5 percent in early trade on the bourses after the company reported a 58.3 percent increase in net profit for the September quarter. The stock gained 5.25 percent to Rs 1,533.55 — its 52-week high — on the BSE.
At the NSE, it jumped 5.19 percent to its one-year high of Rs 1,534.95. Tata Elxsi on Wednesday reported a 58.3 percent increase in net profit to Rs 78.8 crore for the September 2020 quarter. The company had registered a net profit of Rs 49.8 crore in the year-ago period, Tata Elxsi said in a regulatory filing.
Its revenue from operations rose 11.5 percent to Rs 430.2 crore for the said quarter from Rs 385.8 crore in the corresponding period a year ago.