Mumbai: Product design firm Tata Elxsi today reported a 12.52% decline in its consolidated net profit at Rs12.30 crore for the third quarter ended 31 December, 2008.
The Tata group company had a net profit of Rs14.06 crore in the December quarter of FY’08, Tata Elxsi said in a filing to the Bombay Stock Exchange.
The income from operations rose 10.65% to Rs107.10 crore during the quarter under review, from Rs96.79 crore in the corresponding period last fiscal.
On a standalone basis, the company reported a 13.80% decline in net profit at Rs12.12 crore for the December quarter ended 2008.
During the nine months ended December 2008, Tata Elxsi reported a marginal dip in its consolidated net profit at Rs35.03 crore. The total income for the nine-month period stood at Rs314.31 crore at the end of December 2008.
Tata Elxsi was trading at Rs89.25, up 0.96% on the BSE.