The share price of Tata Elxsi fell around 3% on both the exchanges, NSE and BSE, on Friday after the company reported a sharp decline in its quarterly profit on Thursday, October 9. The Design and technology services firm under Tata Group posted a 32.5% drop in its net profit to Rs 154.8 crore for the July-September quarter of FY26. In the same quarter last year, the company reported a profit of Rs 229.4 crore.
Tata Elxsi Q2 profit falls to Rs 154.8 crore
Revenue from operations fell 3.8% to Rs 918 crore in Q2 FY26, compared with Rs 955 crore in the corresponding period of the previous year.
Overseas markets drive growth despite overall profit decline
Despite weak overall numbers, Tata Elxsi said its overseas business performed well during the quarter. “Amidst dynamic market conditions and geopolitical uncertainties, we delivered strong QoQ growth across overseas markets, led by the US, which grew at 7.9% QoQ,” said Tata Elxsi CEO and MD Manoj Raghavan.
He added, “Our Media & Communication business, which accounts for more than 31% of our revenue, posted a smart QoQ growth of 6.8%, supported by large deal ramp-ups and new deal wins across regions. The transportation business, which accounts for more than 53% of our revenue, registered a 0.7% QoQ growth in the second quarter, building on the momentum of large deal wins and global OEM SDV programs.”
Tata Elxsi’s employee count stood at 11,951 at the end of Q2 FY26.
