Net profit for the September quarter settled at ₹170.3 cr, a hair‑thin 0.2 cr dip from the June quarter’s ₹170.6 cr, while revenue from operations grew 3.4% YoY to ₹1,055.7 cr—up 2.3% in constant currency. The stock closed 5.21% higher at ₹3,426.70 on the NSE, echoing the earnings beat.
Earnings before interest and tax jumped 7.2% quarter‑on‑quarter to ₹207.7 cr, lifting the EBIT margin to 19.68% from 18.97% a quarter earlier. CEO Manoj Raghavan said operational efficiencies and a focus on cost discipline helped offset the impact of salary revisions across the workforce.
All three core verticals posted sequential growth: transportation revenue climbed 2% in constant currency, media & communications up 3.4%, and healthcare & life sciences rose 3.5%. The company secured a multi‑year telematics contract with a leading automotive OEM, a partnership with Sarla Aviation for the Shunya eVTOL, an AI deal to build a multilingual virtual assistant, and a product‑engineering mandate for a next‑generation home dialysis system.
Looking ahead, Tata Elxsi has not issued new guidance for the next quarter, but analysts note the margin expansion and diversified win‑rate across verticals bode well for continued profitability. The company is set to report Q3 results at the end of March, with expectations that the earnings‑per‑share figure will remain in line with the current trajectory.