Tata Elxsi Q3 FY26 Revenue at ₹953.5 Cr, Up 3.9% QoQ; PAT Rises 15.7%
Tata Elxsi reported Q3 FY26 operating revenue of ₹953.5 Cr, a 3.9% QoQ increase. PAT grew 15.7% QoQ to ₹179.1 Cr. CEO Manoj Raghavan cited growth in transportation business and new deals, including a strategic Telco partnership for network transformation. EBITDA margin improved by 220 bps.
The results show positive growth and strategic advancements, which are significant for the company's performance and future outlook, impacting investors and stakeholders.
The company reported healthy revenue growth, improved margins, and significant profit increase QoQ, along with new strategic deal wins, indicating positive business performance.
Tata Elxsi announced its third quarter financial results for the period ending December 31, 2025, reporting operating revenue of ₹953.5 crores, a 3.9% increase quarter-on-quarter (QoQ).
The company's EBITDA stood at ₹222.2 crores with an EBITDA margin of 23.3%. Profit Before Tax (PBT) was ₹242.0 crores, showing a 12.7% QoQ growth, while Profit After Tax (PAT) rose by 15.7% QoQ to ₹179.1 crores. These figures exclude a one-time exceptional item related to the new labor code.
Mr. Manoj Raghavan, CEO and Managing Director, highlighted that the growth was primarily driven by the transportation business, with accelerated ramp-ups in deals related to Software-Defined Vehicles (SDV) and a normalized engagement with a strategic OEM client. He also mentioned a new program won with a US-based off-highway OEM for an operator information and control system.
Growth in regions was led by Europe and the US. While the Media and Communications, and Healthcare and Life Sciences verticals experienced some impact from seasonal furloughs and delayed deal awards, recovery and growth are anticipated starting Q4 FY26. The Healthcare business saw success with a multi-million, multi-year deal for a European MedTech leader to transform regulatory workflows using Gen AI, and another deal for a next-gen drug delivery system.
Tata Elxsi was also chosen as a strategic partner by a major European Telco for a 3-year network transformation journey using its NEURON platform. The company emphasized operational excellence, leading to an improved EBITDA margin of 220 bps QoQ, driven by delivery excellence and better utilization. Investments in Gen AI and AI for product engineering are being scaled across the company, reflected in deal wins and customer value propositions.
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