Tata Elxsi Q3 Results: Tata Elxsi, a Tata Group company, has released its third quarter FY25 results today on January 9. The company’s net profit declined by 3.6 percent on an annual basis in the December quarter. The company has registered a net profit of Rs 199 crore during this period. In the same quarter last year, the company had earned a profit of Rs 206.43 crore. The shares of the company have fallen by 0.45 percent today and the stock closed at Rs 6443.70 on BSE. Tata Elxsi has released its results after market close.
How were Tata Elxsi’s quarterly results?
Tata Elxsi’s net profit has declined by 13.3 percent compared to the previous quarter. The company had made a profit of Rs 229.43 crore in the September 2024 quarter. The company attributed the decline in profits to geo-political tensions, currency fluctuations and industry-specific challenges in Europe and the US.
Tata Elxsi’s revenue rose 2.7 per cent to Rs 939.17 crore in the December quarter, compared to Rs 914.23 crore in the same period a year ago. However, it is 1.7 per cent lower compared to Rs 955.1 crore in the September quarter. The company reported EBITDA of Rs 220.07 crore, down 7.7 per cent from Rs 239.2 crore in the September quarter. EBITDA margin also declined to 24.2% in the third quarter from 25.7% in the previous quarter.
Statement from CEO of Tata Elxsi
Manoj Raghavan, CEO and MD, Tata Elxsi, said, “We continue to be successful in winning new key healthcare clients, and our Gen AI-powered regulatory, digital engineering and sustainability services are receiving significant response in the market.” He further added, “We are seeing positive results from our strategic business focus on leveraging opportunities in Japan, emerging markets and India.”