Tata Elxsi Q3 results: Tata Elxsi announced a 3.5 per cent fall in net profits to ₹199 crore in the October to December quarter results of the financial year 2024-25, compared to ₹206.43 crore in the same quarter the previous year, according to the company's exchange filing.
The software and consulting firm's revenue from core operations rose 3 per cent to ₹939.17 crore in the third quarter, compared to ₹914,23 crore in the same quarter the previous year.
Tata Elxsi Ltd. shares closed 0.45 per cent lower at ₹6,443.70 after Thursday's market close, compared to ₹6,472.75 in the previous stock market session. The company filed the third-quarter results with the exchanges after market operating hours on Thursday.
The company's total expenses for the third quarter rose 7 per cent to ₹723.17 crore, compared to ₹675.08 crore in the same quarter a year ago. The expenses for the quarter were driven up by the Employee benefits expenses, and the rise in costs for materials consumed.
“We continue to see positive outcomes of our strategic business focus on Japan, emerging markets and capitalising on the India opportunity. During the quarter, our revenue from India has grown by 21.9 per cent YoY, while Japan and emerging markets grew at 66.8 per cent YoY. This will serve us well over the next few quarters even as we navigate geopolitical uncertainty, currency volatility and industry specific challenges in Europe and US,” said Manoj Raghavan the chief executive officer (CEO) and managing director of Tata Elxsi.
The company's revenue from the software development and services segment rose 3.3 per cent to ₹918.67 crore in the third quarter results, compared year-on-year (YoY) with ₹889.16 crore a year ago.
However, the company's system integration and support services revenues dropped 18.23 per cent to ₹20.49 crore, compared year-on-year with ₹25.06 crore in the previous year.
Tata Elxsi is a design and technology service provider across industries like automotive, broadcast, communications, healthcare and transportation, according to the company data.
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