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Jul 23, 2013, 09.37 PM IST | Source: PTI

Tata Elxsi Q1 net rises three-fold to Rs 8.92cr

Tata Elxsi's consolidated net sales rose 18 percent to Rs 173.17 crore in the April-June quarter of 2013-14 fiscal against Rs 146.19 crore in the same quarter of previous fiscal.

Tata Elxsi Q1 net rises three-fold to Rs 8.92cr

Tata Elxsi , the visual effects and animation arm of the diversified Tata Group, today reported an over three-fold rise in its consolidated net profit at Rs 8.92 crore for the first quarter ended June 30, 2013.

The firm had posted a net profit of Rs 2.61 crore in the year-ago period, the company said in a BSE filing.

Also Read: L&T Finance Holding Q1 net rises 20%, gross NPAs up 28%

Its consolidated net sales rose 18 per cent to Rs 173.17 crore in the April-June quarter of 2013-14 fiscal against Rs 146.19 crore in the same quarter of previous fiscal.

Earlier in April, the company had announced its partnership with Singapore-based AISB Holding Pte to incubate and provide greater market access for technology startups in Asia.

 A part of the USD 100 billion Tata Group, Tata Elxsi provides embedded product design, industrial design, animation & visual effects and systems integration among others.

Headquartered in Bangalore, it has offices in Dubai, France, Germany, Japan, Malaysia, Singapore, South Africa, UAE, the UK and the US.

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