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Business Standard
11-07-2025
- Business
- Business Standard
Tata Elxsi drops after Q1 PAT falls nearly 22% YoY to Rs 144 crore
Tata Elxsi slipped 3.40% to Rs 5931 after the company reported 21.6% decline in net profit to Rs 144.4 crore as revenue from operations fell by 3.7% to Rs 892.1 crore in Q1 FY26 as compared with Q1 FY25. 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.
Business Standard
11-07-2025
- Business
- Business Standard
Tata Elxsi edges lower after Q1 PAT falls nearly 22% YoY to Rs 144 crore
Tata Elxsi slipped 3.40% to Rs 5931 after the company reported 21.6% decline in net profit to Rs 144.4 crore as revenue from operations fell by 3.7% to Rs 892.1 crore in Q1 FY26 as compared with Q1 FY25. 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.
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Business Standard
11-07-2025
- Business
- Business Standard
Tata Elxsi share price tanks 8% on weak Q1 results; key details here
Tata Elxsi share price: Tata Elxsi share price was under pressure on the last trading day of the week i.e. Friday, July 11, 2025, with the scrip falling up to 7.5 per cent to an intraday low of 5,679 per share. At 10:40 AM, Tata Elxsi share price was trading 3.20 per cent lower at 5943.40. In comparison, BSE Sensex was trading 0.58 per cent lower at 82,707.95 levels. Why did Tata Elxsi share price drop in trade today? Tata Elxsi share price fell after reporting a weak set of results in the first quarter of financial year 2026 (Q1FY26). The company announced a net profit of ₹144.37 crore, a 22 per cent year-on-year (Y-o-Y) decrease from ₹184.08 crore in Q1FY25. Additionally, profit slipped sequentially from ₹172.42 crore recorded in Q4FY25. Operating revenue came in at ₹892.10 crore for Q1FY26, down both from ₹926.46 crore a year ago and from ₹908.34 crore in the previous quarter (Q4 FY25). 'For the first quarter of FY26, Tata Elxsi reported an operating revenue of Rs. 892.1 crores. Ebitda margins stood at 20.9 per cent and PBT margin was reported at 21.1 per cent. 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,' said Manoj Raghavan, CEO and managing director of Tata Elxsi. On the outlook, Raghavan said, '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 utilisation improves on the back of ready capacity and capability we have invested in over the past few quarters.' About Tata Elxsi Tata Elxsi, a part of the Tata Group, is a global design and technology services company known for its innovation-driven approach across key industries such as automotive, media, communications, and healthcare. With a strong foundation in design-led digital engineering, Tata Elxsi helps businesses transform their products and services through end-to-end technology development, testing, systems integration, and strategic consulting. The company stands out for its deep expertise in cutting-edge digital technologies including IoT, cloud, mobility, virtual reality (VR), and artificial intelligence (AI). Tata Elxsi has carved a niche in the automotive sector, partnering with top global OEMs and suppliers to develop solutions for autonomous driving, connected vehicles, and advanced driver-assistance systems. Its global footprint spans over 35 locations in 15 countries, reinforcing its role as a key enabler of digital transformation worldwide.
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Business Standard
11-07-2025
- Business
- Business Standard
Q1 results: DMart among 14 to release earnings report on July 11; full list
Q1 FY26 company results, July 11: 14 companies will be releasing their performance reports for the April-June quarter today Vasudha Mukherjee New Delhi DMart retail chain operator, Avenue Supermarts, will be among 14 entities to declare their earnings report for the first quarter (Q1) of the financial year 2025-26 (FY26) on Friday. Other companies announcing their results include Aditya Birla Money, industrial gearmaker Elecon Engineering, drone manufacturer Droneacharya Aerial Innovations, and agri-biotech firm Nath Bio-Genes. TCS Q1 steady but muted results TCS, India's largest IT services provider, delivered a steady but muted performance in the first quarter of FY26. Net profit rose 6 per cent year-on-year (Y-o-Y) to ₹12,760 crore, surpassing Bloomberg's estimate of ₹12,253 crore. However, revenue missed expectations, growing just 1.3 per cent Y-o-Y in reported terms to ₹63,437 crore. In constant currency terms, revenue declined 3.1 per cent Y-o-Y, attributed to the lingering impact of weak discretionary tech spending. While management remains optimistic, it acknowledged that achieving high single-digit growth for FY26 will be challenging. Tata Elxsi Q1 highlights Tata Elxsi reported a 22 per cent Y-o-Y decline in consolidated net profit for Q1 FY26, down to ₹144.37 crore from ₹184.08 crore in Q1 FY25. The company cited macroeconomic uncertainties and sector-specific issues that weighed on R&D spending and decision-making cycles across markets. "The company has demonstrated resilience 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," CEO and MD Manoj Raghavan said. Ireda sees drop in profit, surge in revenue Ireda's Q1 FY26 results showed a 35.6 per cent Y-o-Y fall in consolidated net profit to ₹246.88 crore, compared to ₹383.70 crore in the same quarter last year. Despite the profit decline, revenue from operations grew strongly, up 29 per cent Y-o-Y to ₹1,947.60 crore. CMD Pradip Kumar Das emphasised the agency's continued strategic growth, citing the expansion of its loan book and net worth as signs of robust operational performance. Market overview July 11 Indian equity benchmark indices closed lower on Thursday, July 10, as investor sentiment remained cautious ahead of clarity on US tariff policies and the start of the Q1 FY26 earnings season. The BSE Sensex declined by 345.8 points or 0.41 per cent to settle at 83,190.28, while the Nifty50 dropped 120.85 points or 0.47 per cent to close at 25,355.25. IT stocks remained under pressure throughout the session. Today, July 11, markets are expected to open on a weak note. As of 7:15 am, GIFT Nifty futures were down by 127 points or 0.5 per cent at 25,285, signalling a negative start. Global markets, in contrast, recorded all-time highs, led by strong gains in tech stocks. The Nasdaq closed at a record 20,630.66, up 19 points, while the S&P 500 settled at 6,280.46, rising 17 points or 0.27 per cent. Nvidia led the rally on Wall Street. On the final trading day of the week, domestic markets are likely to be influenced by a combination of factors, including India-US trade negotiations, US President Donald Trump's proposed 35 per cent tariff on Canadian imports, Q1 earnings from TCS, institutional investment flows, primary market activity, and mixed global cues. List of firms releasing Q1 FY26 results on July 11 Aagam Capital Ltd Amal Ltd Astonea Labs Ltd Aditya Birla Money Ltd Avenue Supermarts Ltd (DMart) Droneacharya Aerial Innovations Ltd Elecon Engineering Company Ltd Emerald Finance Ltd Jagsonpal Finance & Leasing Ltd Monotype India Ltd Nath Bio-Genes (India) Ltd Panyam Cements & Mineral Industries Ltd Superhouse Ltd Swarna Securities Ltd
Time of India
11-07-2025
- Business
- Time of India
Tata Elxsi shares in focus after Q1 profit drops 22% YoY to Rs 144 crore; revenue falls amid macro headwinds
Synopsis Tata Elxsi's Q1FY26 consolidated net profit plummeted 22% year-on-year to Rs 144 crore, with revenue also declining 3.7% to Rs 892 crore, impacted by macroeconomic headwinds. Despite challenges, the company secured key deals, including a multi-million-dollar agreement with a US-based technology firm. MD & CEO Manoj Raghavan acknowledged the challenging quarter but emphasized the company's resilience.
