Tata Elxsi Q2 FY25 Results: Net profit grows by one-fourth sequentially to Rs 229 crore; margin up by 70 bps

Tata Elxsi Q2 FY25 Results: Tata Elxsi, a Tata radical company, connected Thursday reported a nett net of Rs 229.4 crore for the 4th ended September 30, marking an summation of 24.6 per cent sequentially. Its quarterly gross grew 4.2 per cent to Rs 965.1 crore, according to a regulatory filing. Tata Elxsi—traded with the awesome TATAELXSI connected NSE and BSE—provides plan and exertion services to respective industries including automotive, communications and healthcare.

The Tata radical steadfast registered a quarterly EBITDA margin—a measurement of operating profitability—of 27.9 per cent for the fiscal 2nd quarter, translating to a quarter-on-quarter summation of 70 ground points (bps).

“We are blessed to study a dependable quarter... Our operational and offshore transportation excellence, fiscal discipline, and differentiated offerings person contributed to our EBITDA margins expanding by 70 ground points... with the superior bottom-line show further aided by R&D incentives and taxation credits from erstwhile years," said Manoj Raghavan, CEO and Managing Director, Tata Elxsi. 

"Our strategical absorption connected expanding our concern successful Japan, emerging markets and capitalising connected the India opportunity, is present starting to importantly lend to our growth. During the quarter, our gross from India has grown by 31.2 per cent YoY, portion Japan and emerging markets grew smartly astatine 81.9 per cent YoY. Our proscription concern continues to powerfulness maturation for the company, registering a beardown gross maturation of 8.8 per cent QoQ," said Raghavan. 

The institution besides said its healthcare and lifesciences portion logged a sequential diminution of 10.4 per cent successful topline, connected relationship of a hold successful the renewal and commencement of immoderate caller programs with its starring US-based customer.  

Earlier connected Thursday, Tata Elxsi shares ended 2.0 per cent stronger astatine Rs 7,762.4 apiece connected BSE.

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