Tata Elxsi Q3 Outcomes: Revenue declined by 3.6% in December quarter, however income elevated by 2.7% – INA NEWS

Tata Elxsi Q3 Outcomes: Tata Elxsi, a Tata Group firm, has launched its third quarter FY25 outcomes at this time on January 9. The corporate’s web revenue declined by 3.6 p.c on an annual foundation within the December quarter. The corporate has registered a web revenue of Rs 199 crore throughout this era. In the identical quarter final yr, the corporate had earned a revenue of Rs 206.43 crore. The shares of the corporate have fallen by 0.45 p.c at this time and the inventory closed at Rs 6443.70 on BSE. Tata Elxsi has launched its outcomes after market shut.

How had been Tata Elxsi’s quarterly outcomes?

Tata Elxsi’s web revenue has declined by 13.3 p.c in comparison with the earlier quarter. The corporate had made a revenue of Rs 229.43 crore within the September 2024 quarter. The corporate attributed the decline in earnings to geo-political tensions, foreign money fluctuations and industry-specific challenges in Europe and the US.

Tata Elxsi’s income rose 2.7 per cent to Rs 939.17 crore within the December quarter, in comparison with Rs 914.23 crore in the identical interval a yr in the past. Nonetheless, it’s 1.7 per cent decrease in comparison with Rs 955.1 crore within the September quarter. The corporate reported EBITDA of Rs 220.07 crore, down 7.7 per cent from Rs 239.2 crore within the September quarter. EBITDA margin additionally declined to 24.2% within the third quarter from 25.7% within the earlier quarter.

Assertion from CEO of Tata Elxsi

Manoj Raghavan, CEO and MD, Tata Elxsi, mentioned, “We proceed to achieve success in successful new key healthcare purchasers, and our Gen AI-powered regulatory, digital engineering and sustainability providers are receiving important response out there.” He additional added, “We’re seeing optimistic outcomes from our strategic enterprise deal with leveraging alternatives in Japan, rising markets and India.”