Tata Elxsi achieves robust growth in Q1 FY’25, with 2.4% QoQ increase in constant currency revenue

Srotaswini Mohapatra

Pune, 11 July 2024

Tata Elxsi, renowned for its design-driven technology services, unveiled its financial results for the first quarter ending June 30, 2024.

For the quarter ending 30th June 2024, company reported Rs. 926.5 Cr of operating revenue, a growth of 2.3% QoQ.

Highlights of the Quarter Ended 30th June 2024:

• Revenues from operations at Rs. 926.5 Cr, + 2.3% QoQ, + 9.0% YoY
• Operating (EBITDA) Margin at 27.2%; Net Margin (PBT) at 26.3%
• Profit Before Tax (PBT) at Rs. 252.4 Cr, +1.6% YoY

Business Highlights:

• Transportation grew strongly at 5.3% QoQ CC, aided by deal wins and ramp-up of Software Defined Vehicle (SDV) engagements
• Media and Communications grew 0.5% QoQ CC, performing creditably in a difficult environment for the media and telecom industry
• System Integration services grew strongly at 8.7% QoQ CC

Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Broadcast, Communications, Healthcare and Transportation.