AI-generated · cited to primary sources · not investment advice
Tata Elxsi (500408) Jul 2024 Filing Analysis
Does management do what it says?
Utilization levels remain low at approximately 69% to 69.5%, which management describes as a 'healthy bench' but is significantly below the industry standard of 80%+, acting as a margin headwind. (1 missed, 2 met, 2 in progress across 5 tracked commitments)
“I mean, utilization has not peaked at all, right? We have a long way to go. ... So yes, so that will be the focus in the coming 3 quarters in the years, right? We really need to ramp up our utilization.”
The Media & Communication business returned to growth in Q1 FY25, reporting a 0.5% QoQ increase in constant currency terms. (3 met, 2 missed across 5 tracked commitments)
“We definitely want to exit this financial year with a better growth rate as compared to last financial year.”
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