Tata Elxsi’s profit before tax grows 35%

BANGALORE: Tata Elxsi Ltd. posted a profits before tax of Rs 20.21 crore, a

35 percent increase over the previous year, for the financial year ending March

31, 2002.

The Board of Directors has declared a dividend of 35 per cent at Rs 3.50 per

share as against 25 percent at Rs 2.5 per share declared in the previous year.

The results reflect an increase in the share of the software development and

services revenue, to nearly 50 per cent of the overall revenue. The results

announced reflect an EPS increase of 20 per cent over the previous year.

Tata Elxsi Ltd. chairman, Syamal Gupta said, "Inspite of a tough year,

the unstinted customer focus of our team members have helped us become an

attractive long term partner of choice for our clients. Dovetailed to this, some

tight cost management has made this growth possible"

Tata Elxsi Ltd. CEO, Madhukar Dev added, " Our basket of technology

deployment capabilities helped us reach a broader cross-section of clients.

Leveraging our competencies in the system integration and support services

business, we have launched newer initiatives in the Mechanical product design

and digital content creation services areas. "