FILE PHOTO: TATA ELXSI | Photo credit: anjana c _11700@chennai
Tata Elxsi on Thursday reported a 12.4 percent decrease to ₹ 172.41 million rupees in net profits for the quarter of March compared to ₹ 196.93 million rupees in the period of the previous year.
The income for the quarter under review reached ₹ 908.33 million rupees, a marginal increase of ₹ 905.94 million rupees in the fourth quarter of fiscal year 2014.
The CEO of Tata Elxsi, and MD Manoj Raghavan said that while the segment of health sciences and the life of the firm informed a duration of healthy growth in the quarter, their white automotive business challenges such as some or geopitical and geopital programs.
“The company has announced a several -year contract valued at 50 million euros with an automotive OEM -based in European leader. The agreement will increase in the quarter and beyond June,” Raghavan said.
For the full fiscal year 2024-25, the profits fell to ₹ 784.93 million rupees in fiscal year 2000 of ₹ 792.23 million rupees in the fiscal year 2014.
Income in fiscal year 2000 increased 4.9 percent to ₹ 3,729 million rupees.
The TATA ELXSI employee count at the end of the fiscal year was 12,414, a decrease of 985 yoy.
Raghavan said that the company continues to invest strongly in digital technologies, of AI and Gen Ai in vertical.
“More than 70 percent of our talent base is now ready for AI, and we have a pool or around 500 specialists in domains and areas of application.
“We enter the new financial year with the basis for the stability and the long -term growth cover for the great profits, the continuous confidence of our clients worldwide, a solid offers pipe and our differentiated proposal directed by the design.
As part of the agreement, Tata Elxsi will establish a dedicated global engineering center focused on SDV platforms, electification, body and chassis, and the native development of the cloud.
The Board of Directors recommended a final dividend or ₹ 75 by capital action of the nominal value of ₹ 10 each for fiscal year 2015.
Tata Elxsi’s shares fell 0.62 percent to ₹ 4,899.75 each in the EEB on Thursday.
Posted on April 18, 2025