Tata Elxsi Q2 Results: PAT Surges 7.2% To Rs 154.8 Crore; Key Highlights Of Earnings Here

Tata Group-backed midcap tech company, Tata Elxsi reported resilient growth in its Q2 results for FY26. During the quarter under review, the midcap company posted 7.2% sequential growth in its net profit to Rs 154.8 crore. Tata Elxsi stated that they continue to witness new customers in their core verticals and adjacent markets of US region. Revenue and operation profit also witnessed steady growth.

The company's revenue stood at Rs 918.1 crore during Q2FY26, rising by 2.9% QoQ. While revenue from US region showed 7.9% sequential growth.

Meanwhile, EBITDA stood at Rs 193.3 crore, and EBITDA margins stood at 21.1%.

Manoj Raghavan, CEO and Managing Director, Tata Elxsi said, "For the second quarter of FY'26, Tata Elxsi reported an operating revenue of 918.1 crores, with a healthy growth of 2.9% over the previous quarter. The Profit Before Tax at Rs. 214.7 crores reported a 110-basis point improvement over last quarter, while PAT expanded by 50 bps to 16%."

Amidst dynamic market conditions and geopolitical uncertainties, Raghavan added, "we delivered strong QoQ growth across overseas markets led by US which grew at 7.9% 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,'' said the CEO.

Also, the company's Media & Communication business, which accounts for more than 31% of Tata Elxsi's revenue, posted a smart QoQ growth of 6.8%, supported by large deal ramp-ups and new deal wins across regions.

Additionally, the transportation business, which accounts for over 53% of the company's revenue, registered a 0.7% QoQ growth in the second quarter, building on the momentum of large deal wins and global OEM SDV programs.

''I am happy to announce that during the second quarter, 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,'' Raghavan added.

Looking ahead, Tata Elxsi is 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.

Furthermore, Tata Elxsi CEO highlighted that the company's System Integration business, which provides Experiential Technology Solutions and Intelligent Managed Services across various verticals, recorded a smart growth of 20.5% over the previous quarter. The Managed Services business was awarded the global award for best ISG (Infrastructure Solutions Group) supplier of the year from Dell Technologies. This underscores the differentiated capabilities we are building and delivering for enterprises, even as they pivot to AI data centres, edge computing, and hybrid workloads for their AI powered enterprise applications and workloads.

Tata Elxsi is looking forward to carry the momentum into the second half of FY26, while investing in differentiated AI-first offerings and services, building an AI-ready talent pipeline, and strong operational excellence for bottom line growth and margin improvement.

Tata Elxsi Share Price:

After market hours on BSE, Tata Elxsi share price closed at Rs 5573.15 apiece on BSE, up by 2.08% with market cap of Rs 34,716.58 crore. The stock will be in focus on Friday due to its Q2 results.

About Tata Elxsi Ltd:

Tata Elxsi is amongst the world's leading providers of design and technology services across industries including Automotive, Broadcast, Communications, Healthcare and Transportation.