Multibagger Tata Group stock recommends final dividend of ₹42.5 per share
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While announcing its earnings for the quarter ended March 2022, Tata Elxsi also said that its board has recommended a final dividend of 425% at ₹42.50 per share for the year 2021-22, which is subject to the approval of the members at the forthcoming Annual General Meeting (AGM) and subject to tax.
The Tata Group company's net profit for the January-March 2022 quarter grew to ₹160 crore, up nearly 39% from the year-ago quarter. whereas its revenue witnessed a sequential growth of 7.3% and 31.5% year-on-year (YoY) growth at ₹681.7 crore. The company's operating margin came at 32.5The company’s largest division, Embedded Product Design (EPD), grew by 7.5% QoQ whereas Industrial Design and Visualization (IDV) segment grew by 8% from the previous quarter.
“This has been the strongest year of growth in the company’s history and an all-round performance across business units, industries and geographies. We continue to execute strongly on our growth aspirations with over 7.4% QoQ CC (constant currency) revenue growth and 10% quarter-on-quarter (QoQ) PBT growth in Q4 FY22," said Tata Elxsi's Chief Executive officer (CEO) and Managing Director Manoj Raghavan.