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Tata Elxsi declares 65 pc dividend

The Free Press Journal

April 22, 2006 -The Bangalore-based Tata Elxsi, a Tata Group company, on Friday said it has registered 41.37 per cent increase in its profit after tax at Rs 11.55 crore for the fourth quarter ended March 2006 as against Rs 8,17 crore for the same period previous year. The board of directors has also recommended a dividend of 65 per cent (Rs 6.5 per share) on the paid-up capital of the company for the year ended March 31, it added.

Total income has shot up by 34.69 per cent at Rs 71.12 crore for fourth quarter of FY 05-06 as compared to Rs 52.80 crore in corresponding period last year, the company, providing software development and industrial software services, informed the stock exchanges.


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