October 11, 2024
New Delhi, India
Tata Elxsi Q2 Results
Tata Elxsi announced a robust 14.7% year-on-year (YoY) growth in net profit for Q2FY25, reaching ₹299.4 crore. The company’s revenue from operations increased by 8.3% YoY to ₹955.1 crore. Reacting to the positive financial performance, Tata Elxsi’s shares surged over 2%, trading at ₹7,921.20 on Friday.
Key Financial Highlights
- Net Profit: ₹299.4 crore, up 14.7% YoY
- Revenue from Operations: ₹955.1 crore, up 8.3% YoY
- EBITDA: ₹266.4 crore, up 1.1% YoY
- EBITDA Margin: Decreased to 27.9% from 29.9% in Q2FY24
- Net Profit Margin: Expanded to 22.5% from 21.9% YoY
Segment Performance
- System Integration & Support: Grew by 15.2% YoY in constant currency terms
- Software Development & Services (SDS): Increased by 4.8% YoY
- Transportation: Up 16% YoY
- Healthcare & Life Sciences: Declined by 11.8% YoY
- Media & Communications: Fell by 5.1% YoY
Also Read: Bandhan Bank Shares Surge 9% After RBI Approves Partha Pratim Sengupta as MD & CEO
Strategic Deals and Outlook
During Q2FY25, Tata Elxsi secured a $50 million strategic deal with a global OEM in Europe, supporting the company’s transport vertical growth. CEO Manoj Raghavan highlighted the role of R&D incentives and tax credits in profitability, as well as the company’s focus on offshore delivery and expansion into Japan and emerging markets. Revenue from India grew 31.2% YoY, while Japan and emerging markets surged 81.9% YoY.
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