iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Tata Elxsi reports a 3% decline in Q1 net profit

11 Jul 2024 , 11:26 AM

Tata Elxsi Ltd reported a 3% YoY fall in net profit to ₹184.1 Crore for the first quarter ended June 30, 2024. Tata Elxsi reported a quarterly net profit of ₹188 Crore in a regulatory filing.

The net profit declined 6.5% to ₹184.1 Crore from ₹196.9 Crore in March 2024, while revenue increased 2.3%. The company’s revenue from operations climbed by 9% to ₹926.5 Crore, up from ₹850 Crore the previous fiscal year.

Tata Elxsi’s transportation sector increased by 5.3% quarter on quarter in constant currency (QoQ CC), owing to major deal wins and the acceleration of software-defined vehicle (SDV) engagements.

Despite the adverse environment in the media and telecom industries, the sector managed 0.5% QoQ CC growth. Additionally, the company’s system integration services increased by 8.7% QoQ CC.

Manoj Raghavan, CEO and Managing Director of Tata Elxsi stated, “We are pleased to report a robust performance in the first quarter, with top-line growth of 2.3% quarter on quarter and 9% year on year. In constant currency, our healthcare & life sciences business’s topline fell 4.3% quarter-on-quarter. This is mostly due to delays in the renewal of some contracts at one of our large customers.”

Tata Elxsi began operations on May 5, 1989, in Bangalore, India’s Silicon Valley, to develop and promote applications in electronics, embedded systems, and software. The mission was to stimulate innovation in the rapidly growing IT business and expedite the adoption of cutting-edge technologies.

At around 11.22 AM, Tata Elxsi was trading 1.89% lower at ₹6,985 per piece, against the previous close of ₹7,119.45 on NSE. The counter touched an intraday high and low of ₹7,037.90, and ₹6,931.35, respectively.

For feedback and suggestions, write to us at editorial@iifl.com


Related Tags

  • Tata Elxsi
  • Tata Elxsi news
  • Tata Elxsi Q1
  • Tata Elxsi Updates
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.