Bruce Cockburn: 50 years of music, spirituality and social justice | SaltWire - Indian design and technology services company Tata Elxsi on Tuesday posted a rise in quarterly profit, helped by growth in its transportation segment.
The company's net profit rose 14.8% year-on-year to 2 billion rupees , while revenue from operations climbed to 8.82 billion rupees.Tata Elxsi's results come after larger peers Tata Consultancy Services and Infosys posted an 8.7% and 3.2% rise in profit for the quarter, respectively, while flagging weak client spending amid inflationary pressures and high interest rates.
The company's transportation business grew 26.1% year-on-year, helped by large deals and strong traction in Software Defined Vehicle engagements.12 months) 12 months)growth growth rating analysts target L&T Technology Services Ltd LTEH.NS 35.29 22.86 16.73 13.87 SELL 23 1.25 0.96LTIMindtree Ltd LTIM.NS 28.17 19.35 11.50 16.26 HOLD 36 0.97 1.16
* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT