Tata Elxsi, the Tata Group company that provides design and technology services for automotive, broadcast, communications, healthcare and transportation industries, is reportedly planning to hire at least 1,500 fresh engineering graduates in FY25.The hiring will depend on the deals the company closes and the revenue it earns, and may even go up to 2,000 as per reports.
The company made a net addition of 1,535 to its workforce through the year and has not stopped investing in team expansion. The company did post an increase in revenue from operations of 8.1 per cent compared to the same time last year. Its revenue rose to Rs 905 crore in the fourth quarter of FY24. However, its profit after tax dropped 2.3 per cent year-on-year (YoY), to Rs 196 crore. The operating margins fell by 100 basis points in the fourth quarter of FY24 reaching 28.8 per cent.
In FY23 it had hired over 2,000 freshers. The exact number of hires for this financial year is yet to be officially revealed though. However, it is sure to focus on growth without reducing margins.
It is pertinent to mention here that the dividend declared by Tata Elxsi for the latest financial year is the highest ever, of Rs 70 per share. That means it will be a payout of Rs 436 crore toward dividends, which is more than 50 per cent of its net profit for the entire year, which was Rs 792 crore.
