Tata Elxsi Ltd.'s consolidated net profit dropped 13% sequentially to Rs 172 crore in the fourth quarter of the last financial year.
For the quarter under review, the technology services provider's revenue fell 3.3% quarter-on-quarter to Rs 908 crore. Earnings before interest and taxes declined 17% to Rs 183 crore, according to an exchange filing on Thursday.
Its EBIT margin contracted to 20.1% in the quarter ended March in comparison to 23.5% in the previous quarter.
Dividend
The company's board recommended a dividend of Rs 75 against each equity share of Rs 10 each held by investors for the last financial year.
The dividend will be paid on or after the seventh day from the conclusion of the 36th annual general meeting. However, this is subject to the approval of the shareholders of the company, the regulatory disclosure added.
Shares of Tata Elxsi closed 0.62% lower at Rs 4,899.75 apiece on the BSE before the announcement, compared to a 1.96% advance in the benchmark Sensex.
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