Sign Up

Tata Elxsi delivers steady revenue growth of 3.1% QoQ in Q2 FY'25; Profit before Tax grows 18.3% QoQ to Rs. 298.7 crores

Transportation business grows strongly at 8.8% QoQ

BANGALORE, India, Oct. 10, 2024 /PRNewswire/ -- Tata Elxsi (BSE: 500408) (NSE: TATAELXSI), amongst the world's leading providers of design led technology services, announced its second quarter results for the period ending 30th September 2024.

For the second quarter of financial year 2024-25, the company reported Rs. 955.1 Cr. of operating revenue, registering a growth of 3.1% QoQ.

Highlights of the Quarter Ended 30th September 2024:

Revenues from operations at Rs. 955.1 Cr, + 3.1% QoQ

Operating (EBITDA) Margin at 27.9%; + 70 bps QoQ

Profit Before Tax (PBT) at Rs. 298.7 Cr, +18.3% QoQ

Profit After Tax (PAT) at Rs. 229.4 Cr, +24.6% QoQ

Transportation grew strongly at 8.8% QoQ, aided by large deals and growth in SDV and OEM business

Mr. Manoj Raghavan, CEO and Managing Director, Tata Elxsi, commenting on the company's performance in the second quarter of FY25, said:

"We are happy to report a steady quarter with revenue from operations growing to Rs. 955.1 crores, registering a QoQ growth of 3.1%.

Our operational and offshore delivery excellence, fiscal discipline, and differentiated offerings, have contributed to our EBITDA margins expanding by 70 basis points to 27.9% for the quarter. Our PAT grew by 24.6% QoQ to 229.4 Cr, with the superior bottom-line performance further aided by R&D incentives and tax credits from previous years.