Tata Elxsi Q4 profit dips 12.4%

File photo: Tata Elxsi
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Anjana C _11700@Chennai

Tata Elxsi on Thursday reported a 12.4 per cent decline to ₹172.41 crore in net profit for the March-ended quarter as against ₹196.93 crore in the year-ago period.

Revenue for the quarter under review came in at ₹908.33 crore, a marginal increase from ₹905.94 crore in Q4 FY24.

Tata Elxsi CEO and MD Manoj Raghavan said while the firm’s healthcare & life sciences segment reported healthy growth during the quarter, its automotive business witnessed challenges as some OEMs and suppliers paused new programme starts in the face of geopolitical and market uncertainties.

“The company has announced a multi-year deal valued at 50 million euros with a leading European headquartered automotive OEM. The deal will ramp up in the June quarter and beyond,” Raghavan said.

For the full fiscal 2024-25, profit fell to ₹784.93 crore in FY25 from ₹792.23 crore in FY24.

Revenue in FY25 rose 4.9 per cent to ₹3,729 crore.

Tata Elxsi’s employee count at the end of the fiscal year was 12,414, a decline of 985 y-o-y.

Raghavan said the company continues to invest strongly in digital, AI and Gen AI technologies across verticals.

“Over 70 per cent of our talent base is now AI ready, and we have built a pool of over 500 specialists across domains and application areas.

“We enter the new financial year with the foundation for stability and long-term growth laid by the large deal wins, the continued confidence of our customers across the world, a strong deal pipeline and our differentiated design-led proposition for innovation and product engineering,” he said.

As part of the deal, Tata Elxsi will establish a dedicated global engineering centre focused on SDV platforms, electrification, body and chassis, and cloud-native development.

The board of directors recommended a final dividend of ₹75 per equity share of par value of ₹10 each for FY25.

Shares of Tata Elxsi slipped 0.62 per cent to ₹4,899.75 apiece on the BSE on Thursday.

Published on April 18, 2025