On a sequential foundation, the revenue after tax (PAT) was 16% decrease within the quarter underneath overview in opposition to Rs 172 crore posted within the January-March quarter of FY25. In the meantime, the topline fell almost 2% on the QoQ foundation versus Rs 908 crore.
Firm’s Earnings Earlier than Curiosity, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 187 crore in Q1FY26, down 26% from Rs 252 crore reported in Q1FY25.
The revenue earlier than tax (PBT) witnessed a 22% YoY fall at Rs 196 crore in opposition to Rs 252 crore reported within the yr in the past interval.
Key Offers in Q1
Tata Elxsi received a multi-million USD Design Digital take care of a US headquartered world expertise chief for a significant information and insights program for subsequent era AI and product-feature growth.
The corporate was additionally chosen as a strategic companion for Medical Machine Testing & Certification and Regulatory Compliance for a Cardiovascular portfolio of merchandise.
TATA Elxsi was engaged in design session, expertise structure and advisory providers, provide of expertise elements, set up and integration of expertise and content material.
Administration commentary
Commenting on the outcomes, MD and CEO Manoj Raghavan mentioned that the quarter was difficult throughout key markets, with macroeconomic uncertainties, business and buyer particular points impacting R&D spend and choice making cycles throughout geographies. “The corporate has demonstrated resilience in defending enterprise in our largest vertical, executing on giant deal wins throughout key verticals to create sustained income streams, and increasing {our relationships} with our prospects,” Raghavan.
The earnings season kicked-off in the present day with the announcement of TCS outcomes which beat Avenue’s estimates. The Indian IT bellwether reported a 6% progress in its Q1FY26 consolidated internet revenue at Rs 12,760 crore versus Rs 12,040 crore within the yr in the past interval.
Learn Extra: TCS Q1 Outcomes: Cons PAT up 6% YoY at Rs 12,760 crore; Rs 11 per share dividend declared
(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Occasions)
