Tata Elxsi, technology arm of Tata Group, has reported excellent performance for Q2 FY 2009. Q-o-q, Net Sales
increased by 13.4% to Rs. 109.68 crore (Rs. 96.7 crore in Q1 FY 2009) led by 17.3% increase in Software
Development Services (SDS) Income to Rs. 99.76 crore (Rs. 85.07 crore in Q1 FY 2009). However, System
Integration (SI) revenue declined by 14.6% to Rs. 9.93 crore (Rs. 11.6 crore). OPM% improved significantly to
20.37% (13.08%) as PBIT% of SDS business jumped to 19.4% (11.2%). Consequently, PBT zoomed to Rs. 39.51
crore and PAT more than doubled to Rs. 15.61 crore (Rs. 7.11 crore).

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