Mumbai– Tata Elxsi reported a more than 20 percent year-over-year decline in net profit for the first quarter of FY26, posting ₹144.36 crore, according to a regulatory filing on Thursday.
The company, part of the Tata Group, had posted a profit of ₹184.07 crore in the same quarter last year (Q1 FY25), and ₹172.41 crore in the previous quarter (Q4 FY25), marking a 16 percent drop on a sequential basis.
Revenue from operations for the April–June 2025 quarter stood at ₹892.09 crore, down slightly from ₹908.33 crore in the previous quarter and ₹926.45 crore in the year-ago period—a year-over-year decline of approximately ₹34 crore.
“This quarter was challenging across key markets, with macroeconomic uncertainties, and industry and customer-specific issues impacting R&D spending and decision-making cycles globally,” said Manoj Raghavan, CEO and Managing Director of Tata Elxsi, in an official statement.
Despite the headwinds, Raghavan noted that the company demonstrated resilience by protecting its largest vertical, securing large deal wins, and deepening customer relationships to build sustained revenue streams.
Tata Elxsi shares closed in the red on Thursday at ₹6,136.00, down 0.26 percent.
The company offers design and technology services across various industries, including automotive, broadcast, communications, healthcare, and transportation.
Tata Elxsi’s transportation segment, which accounts for over 50 percent of its total revenue, reported a 3.7 percent quarter-over-quarter growth in actual currency and remained flat in constant currency terms.
“We are executing on our adjacency strategy, with two strategic deal wins this quarter,” Raghavan added. “We expect continued recovery and growth in our transportation business throughout the rest of the year, supported by recent deal wins, a strong pipeline, and new customer acquisitions.” (Source: IANS)
