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TATA ELXSI
EBITDA margins increased by 70 basis points to 27.9% QOQ
PAT grew 24.6% QoQ to ₹229.4 Cr, supported by R&D incentives and tax credits.
Revenue from India rose 31.2% YoY, while Japan and emerging markets grew 81.9%.
Transportation business saw 8.8% QoQ revenue growth, driven by ADAS, Connected, Electric, and SDV capabilities.
A $50 million multi-year deal was secured with a European OEM for SDV platform development.
Co. partnered with Nidec Corporation for automotive tech and launched a Next-gen Mobility Innovation Center with Emerson in Bengaluru.
Media & Communication business declined 1% QoQ, but network transformation and Gen AI innovation show growth potential.
Co. completed the world's first RDK Broadband implementation for Qualcomm and secured an AI CoE deal with a MEA operator.
Healthcare & Lifesciences revenue dropped 10.4% QoQ due to program delays, but new customers, including a global renal care leader and a US healthtech AI leader, are expected to scale soon.
TATA ELXSI CEO Says We are witnessing an unprecedented convergence of design, software and digital technologies such as AI, in how enterprises are re-imagining their products, services and customer experience.
Tata Elxsi is uniquely placed with our design-digital capabilities coupled with deep domain and software capabilities, to demonstrate and create value, win new customers and engage deeper with our global customer base.
We step into the third quarter of this financial year with the confidence of our design-digital proposition, a
healthy deal pipeline, continued growth in our transportation business, large deal wins and recovery in our other key verticals.
