Tata Elxsi drops after Q1 PAT falls nearly 22% YoY to Rs 144 crore
EBITDA dropped by 26% YoY to Rs 186.7 crore in the first quarter. EBITDA margin for Q1 FY26 was 20.9% as against 27.2% in Q1 FY25.
Profit before tax in Q1 FY26 stood at Rs 196.3 crore, down by 22.2% from Rs 252.4 crore in Q1 FY25.
In Q1 FY26, Tata Elxsi won a multi-million USD Design Digital deal with a US headquartered global technology leader for a major data and insights program for next generation AI and product-feature development.
The company was also selected as a strategic partner for medical device testing & certification and regulatory compliance for a cardiovascular portfolio of products.
Manoj Raghavan, CEO and Managing Director, Tata Elxsi, said: This quarter was challenging across key markets, with macroeconomic uncertainties, industry and customer specific issues impacting R&D spend and decision making cycles across geographies.
The company has demonstrated resiliency in protecting business in our largest vertical, executing on large deal wins across key verticals to create sustained revenue streams, and expanding our relationships with our customers.
We expect steady improvement in bottom-line and margin through the year even as our two largest businesses, transportation and media & communication, return to growth in Q2 FY26 and beyond, and utilization improves on the back of ready capacity and capability we have invested in over the past few quarters."
Tata Elxsi is amongst the worlds leading providers of design and technology services across industries including automotive, broadcast, communications, healthcare and transportation.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
11 minutes ago
- Business Standard
Sundram Fasteners Q1 net up 4% to record Rs 148 crore, exports dip
Sundram Fasteners, the Chennai-based auto components major, reported its highest-ever consolidated net profit of Rs 147.94 crore for the first quarter of FY26, a 4 per cent increase from Rs 142.69 crore in the same quarter last year. The company also posted record consolidated revenue of Rs 1,533.39 crore, marking a 2 per cent year-on-year growth. The consolidated earnings per share (EPS) for the quarter ended June 30, 2025, stood at Rs 7.06. Managing Director Arathi Krishna attributed the strong performance to resilient domestic demand and robust execution. 'This progress is a testament to the dedication and expertise of our teams, who continue to drive operational excellence and uphold the highest standards of product quality,' she said. Operational highlights Standalone revenue from operations rose to Rs 1,350.17 crore, up from Rs 1,310.33 crore last year. Export sales, however, declined to Rs 379.14 crore from Rs 422.65 crore, reflecting pressures from global economic and geopolitical uncertainties. The EBITDA for the quarter reached Rs 238.77 crore, the highest in the company's history, up from Rs 223.06 crore in Q1 FY25. The EBITDA margin improved to 17.5 per cent, supported by stable commodity prices, a favourable product mix, and stronger domestic sales. Gross margins improved significantly, from 57.5 per cent to 59.9 per cent. Outlook and strategy Despite global headwinds, Krishna emphasised the company's continued focus on long-term growth. 'We remain confident in the competitive strength of our product portfolio and the durability of our long-term partnerships,' she said. Sundram Fasteners plans to continue investing in innovation, capacity expansion, and customer engagement, aiming to fortify its leadership in the Indian and global automotive component markets. The company's robust quarterly performance highlights its ability to weather external shocks, even as exports slow, and positions it for continued expansion through strategic domestic investments.
&w=3840&q=100)
Business Standard
11 minutes ago
- Business Standard
Starlink gets satellite internet permit, spectrum norms ready: Scindia
Elon Musk-led Starlink has received a licence to launch satellite service in India, and a framework for spectrum allocation is also in place for a smooth rollout, Union Telecom Minister Jyotiraditya Scindia said on Thursday. The announcement was made on the eve of the 30th anniversary of the first cellular call made in the country in 1995. "Starlink has been granted a Unified License to launch satellite internet services in India. Frameworks for spectrum allocation and gateway establishment are ready, ensuring smooth rollout," Scindia said. Along with Starlink, Bharti Group-backed Eutelsat OneWeb and Jio SES are also awaiting spectrum allocation to roll out their satcom services. The minister said that over the last 11 years, under the leadership of Prime Minister Narendra Modi, India's digital transformation has been nothing short of extraordinary. "From remote villages to bustling cities, digital access has empowered citizens, bridged divides, and made India a global leader in affordable, inclusive technology," he added. The minister said telephone connections in the country now stand at 1.2 billion, and internet subscriptions have surged by nearly 286 per cent to 970 million. "Broadband usage has seen explosive growth of over 1,450 per cent, rising from 60 million in 2014 to 944 million today. Most notably, the cost of mobile data has dropped by 96.6 per cent, making India the global leader in affordable data at just Rs 8.9 per GB," he said. Scindia said the revival of BSNL has been a major breakthrough. "For the first time in 18 years, BSNL reported back-to-back net profits of Rs 262 crore and Rs 280 crore in FY 2024-25. Over 83,000 4G sites have been installed, with 74,000 already operational, all built on indigenously developed technology. Crack Teams, AI-powered monitoring, and fibre fault resolution within 12 hours have raised service standards across the board," the minister noted. He said India's rapid 5G rollout has covered 99.6 per cent of districts, with 4.74 lakh 5G towers and 300 million users. "With the world's highest per capita 5G usage (32 GB per month) and 100 Use Case Labs in place, India is also among the top six countries in 6G patent filings. Investments under the Production Linked Incentive scheme have touched Rs 4,305 crore, resulting in Rs 85,391 crore in sales and over 28,000 jobs. Foreign direct investment has nearly tripled from USD 282 million to USD 710 million," the minister added. Commenting on the 30th anniversary of the first cellular call in India, telecom industry body COAI Director General SP Kochhar said India's telecom sector has witnessed a phenomenal transformation since the country's first cellular call in 1995. "Today, India stands as the world's second-largest telecom market, boasting over 1.2 billion subscribers and some of the most affordable tariff rates globally. An Indian subscriber now uses over 21 GB of data each month on average, which is a testament to the world-class infrastructure developed by leading Indian telecom operators," Kocchar said. He said that the mobile service landscape in the country started with 2G and now over 85 per cent of India's population and more than 99 per cent of the districts in India enjoy access to 5G services. Domestic telecom gear maker HFCL managing director Mahendra Nahata said that while the late 1990s and early 2000s saw a rapid expansion of mobile infrastructure, the sector truly came of age with the advent of affordable services and innovative prepaid models that made mobile access available to millions across both major cities and remote villages. "While India followed the global curve during the 2G and 3G eras and caught up with the world in 4G, it surprised many by emerging as the country with the fastest 5G rollout in the world. Now, with a bold vision to lead in future technologies, India is actively working on developing 6G, not just to adopt, but to help shape and set global standards," Nahata said. Telecom gear maker GX Group CEO Paritosh Prajapati said as India marks the 30th anniversary of its first cellular call, the country stands at a defining moment in the journey of self-reliance. "The telecom sector has been the backbone of our digital transformation, and initiatives like the Production Linked Incentive (PLI) scheme are ensuring that India doesn't just consume technology, but designs, develops and manufactures it for the world. The next three decades will belong to a truly Atmanirbhar Bharat, leading global innovation from within our borders," Prajapati said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Hindustan Times
11 minutes ago
- Hindustan Times
Elon Musk's Starlink gets license to launch satellite internet services in India
Elon Musk-led Starlink has received a licence to launch satellite service in India, and a framework for spectrum allocation is also in place for a smooth rollout, Union Telecom Minister Jyotiraditya Scindia said on Thursday. Union minister Jyotiraditya Scindia said frameworks for spectrum allocation and gateway establishment are ready, ensuring smooth rollout.(Reuters) The announcement was made on the eve of the 30th anniversary of the first cellular call made in the country in 1995. "Starlink has been granted a Unified License to launch satellite internet services in India. Frameworks for spectrum allocation and gateway establishment are ready, ensuring smooth rollout," Scindia said. Along with Starlink, Bharti Group-backed Eutelsat OneWeb and Jio SES are also awaiting spectrum allocation to roll out their satcom services. Also Read: Elon Musk slams rivals for too many satellites even as SpaceX owns over 60% of those orbiting Earth India's digital transformation The minister said that over the last 11 years, under the leadership of Prime Minister Narendra Modi, India's digital transformation has been nothing short of extraordinary. "From remote villages to bustling cities, digital access has empowered citizens, bridged divides, and made India a global leader in affordable, inclusive technology," he added. The minister said telephone connections in the country now stand at 1.2 billion, and internet subscriptions have surged by nearly 286 per cent to 970 million. "Broadband usage has seen explosive growth of over 1,450 per cent, rising from 60 million in 2014 to 944 million today. Most notably, the cost of mobile data has dropped by 96.6 per cent, making India the global leader in affordable data at just ₹8.9 per GB," he said. Scindia said the revival of BSNL has been a major breakthrough. "For the first time in 18 years, BSNL reported back-to-back net profits of ₹262 crore and ₹280 crore in FY 2024-25. Over 83,000 4G sites have been installed, with 74,000 already operational, all built on indigenously developed technology. Crack Teams, AI-powered monitoring, and fibre fault resolution within 12 hours have raised service standards across the board," the minister noted. He said India's rapid 5G rollout has covered 99.6 per cent of districts, with 4.74 lakh 5G towers and 300 million users. "With the world's highest per capita 5G usage (32 GB per month) and 100 Use Case Labs in place, India is also among the top six countries in 6G patent filings. Investments under the Production Linked Incentive scheme have touched ₹4,305 crore, resulting in ₹85,391 crore in sales and over 28,000 jobs. Foreign direct investment has nearly tripled from USD 282 million to USD 710 million," the minister added. Also Read: Elon Musk reacts as Neuralink recipient writes her name using only thoughts after 20 years: 'This is possible' COAI says India's telecom sector has transformed since 1995 Commenting on the 30th anniversary of the first cellular call in India, telecom industry body COAI Director General SP Kochhar said India's telecom sector has witnessed a phenomenal transformation since the country's first cellular call in 1995. "Today, India stands as the world's second-largest telecom market, boasting over 1.2 billion subscribers and some of the most affordable tariff rates globally. An Indian subscriber now uses over 21 GB of data each month on average, which is a testament to the world-class infrastructure developed by leading Indian telecom operators," Kocchar said. He said that the mobile service landscape in the country started with 2G and now over 85 per cent of India's population and more than 99 per cent of the districts in India enjoy access to 5G services. Domestic telecom gear maker HFCL managing director Mahendra Nahata said that while the late 1990s and early 2000s saw a rapid expansion of mobile infrastructure, the sector truly came of age with the advent of affordable services and innovative prepaid models that made mobile access available to millions across both major cities and remote villages. "While India followed the global curve during the 2G and 3G eras and caught up with the world in 4G, it surprised many by emerging as the country with the fastest 5G rollout in the world. Now, with a bold vision to lead in future technologies, India is actively working on developing 6G, not just to adopt, but to help shape and set global standards," Nahata said. GX CEO calls it a key moment in India's telecom self-reliance Telecom gear maker GX Group CEO Paritosh Prajapati said as India marks the 30th anniversary of its first cellular call, the country stands at a defining moment in the journey of self-reliance. "The telecom sector has been the backbone of our digital transformation, and initiatives like the Production Linked Incentive (PLI) scheme are ensuring that India doesn't just consume technology, but designs, develops and manufactures it for the world. The next three decades will belong to a truly Atmanirbhar Bharat, leading global innovation from within our borders," Prajapati said.
