Tata Elxsi has announced its second quarter (Q2) results for the period ending September 30, 2025. For the second quarter of financial year 2025-26, the company reported operating revenue of Rs 9.181 billion.

Highlights:

  • Revenues from operations at Rs. 918.1 billion, up 2.9 per cent quarter-on-quarter (QoQ).
  • Earnings before interest, tax, depreciation and amortisation (EBITDA) at Rs 1.933 billion, EBITDA margin at 21.1 per cent.
  • Profit before tax (PBT) at Rs 2.147 billion, up 9.4 per cent QoQ.
  • Profit after tax (PAT) at Rs 1.548 billion, up 7.2 per cent QoQ.
  • Revenue from US grows 7.9 per cent QoQ.

Commenting on the results, Manoj Raghavan, chief executive officer (CEO) and managing director, Tata Elxsi, said, “For the Q2 2025-26, Tata Elxsi reported an operating revenue of 9.181 billion, with a healthy growth of 2.9 per cent over the previous quarter. The PBT at Rs 2.147 billion reported a 110-basis points (bps) improvement over last quarter, while PAT expanded by 50 bps to 16 per cent.

Amidst dynamic market conditions and geopolitical uncertainties, we delivered strong QoQ growth across overseas markets led by US which grew at 7.9 per cent QoQ. We continue to win new customers in our core verticals and adjacent markets in the US region, which is expected to add to the growth momentum of the company, backed by differentiated technology capabilities and offshore execution excellence.

Our media and communication business, which accounts for more than 31 per cent of our revenue, posted a smart QoQ growth of 6.8 per cent, supported by large deal ramp-ups and new deal wins across regions.

The transportation business, which accounts for over 53 per cent of our revenue, registered a 0.7 per cent QoQ growth in Q2, building on the momentum of large deal wins and global original equipment manufacturer (OEM) SDV programs. I am happy to announce that during Q2, Tata Elxsi set up an exclusive Cloud HIL centre for Suzuki Motors in Thiruvananthapuram.  This is the second engineering centre under the Tata Elxsi-Suzuki partnership, following the Offshore Development Centre in Pune which was set up last year.

During Q2, Tata Elxsi inaugurated a Global Technology Centre for Medical Devices for Bayer. This radiology focussed centre harnesses Tata Elxsi’s deep expertise in healthcare engineering, providing access to its highly specialised technology talent. We are building a strong pipeline of new customers and large deals across key regions in the Healthcare and Lifesciences business, creating a strong foundation for sustained growth in the coming quarters.

Our system integration business, which provides experiential technology solutions and intelligent managed services across various verticals, recorded a smart growth of 20.5 per cent over the previous quarter. The managed services business was awarded the global award for best Infrastructure Solutions Group (ISG) supplier of the year from Dell Technologies. This underscores the differentiated capabilities we are building and delivering for enterprises, even as they pivot to artificial intelligence (AI) data centres, edge computing, and hybrid workloads for their AI powered enterprise applications and workloads.

We have delivered strong operational excellence and resilient growth across customers, regions and industry verticals in a challenging quarter, and have created a strong foundation for sustainable growth. We look forward to carrying this momentum into the second half of the current financial year, even as we continue to invest in differentiated AI-first offerings and services, building an AI-ready talent pipeline, and strong operational excellence for bottom line growth and margin improvement.”