India · Delayed Price · Currency is INR Tata Elxsi Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY26 saw modest revenue growth and margin improvement, led by transportation and media, while healthcare declined due to delayed deals. FY27 guidance is revised to high single-digit growth amid geopolitical and industry headwinds, with continued focus on AI, operational efficiency, and new verticals.
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Revenue grew 3.2% QoQ with strong 7.7% growth in transportation, improved margins, and broad-based gains in US and Europe. Media and healthcare are expected to recover from Q4, while utilization and operational leverage continue to drive profitability.
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Q2 FY26 saw 2.9% revenue growth QoQ, with strong performance in transportation, media, and system integration, while healthcare declined slightly. H2 is expected to outperform H1, with margin recovery and double-digit growth targeted in automotive and healthcare.
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Q1 SY 2026 saw operating revenue of INR 892.1 crore and EBITDA margin of 20.9%, with transportation flat in constant currency and media and healthcare segments declining QoQ. Growth is expected to resume in transportation and media from Q2, with margin recovery targeted over the next three quarters.
Fiscal Year 2025
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The AGM reviewed steady financial growth, a strong dividend, and strategic advances in AI, sustainability, and new verticals like aerospace and defense. Shareholders engaged on topics from CapEx to ESG, with management emphasizing innovation, risk mitigation, and continued value creation.
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Q4 FY2025 saw revenue of INR 908.3 crores and a PBT margin of 23.3%, with large multi-year deals in automotive and media/communications. Management expects FY2026 to outperform FY2025, driven by a strong deal pipeline, margin recovery, and growth in healthcare and transportation.
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Q3 saw steady revenues and modest growth across key verticals, with strong performance in India and Japan offsetting European weakness. Margins declined due to wage hikes and currency impacts, but management expects recovery and growth from large deal ramp-ups in coming quarters.
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Revenue grew 3.1% QoQ to INR 955.1 crores, led by transportation, while media and healthcare declined. EBITDA margin rose to 27.9%, and PAT increased 24.6% QoQ. Management targets double-digit growth for the year, supported by a strong deal pipeline.
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Q1 FY25 delivered steady revenue growth, led by transportation, while media showed early signs of recovery and healthcare faced temporary headwinds. Margins were impacted by a one-time expense, but management remains confident in exceeding FY24 growth and maintaining margin guidance.
Fiscal Year 2024
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The AGM highlighted double-digit revenue growth, strong margins, and a proposed INR 70 dividend. Strategic focus remains on AI, cloud, and design-led engineering, with expansion into new verticals and sustainability initiatives. Shareholders' questions were addressed, and all resolutions were put to e-vote.