MANOJ RAGHAVAN
Tata Elxsi backs seven-seater Shunya eVTOL, first flight targeted in 18-24 months
Tata Elxsi and Sarla Aviation will collaborate on India's first indigenous electric aircraft. The Shunya eVTOL aircraft is designed to carry six passengers and one pilot. This partnership will accelerate the development of flight-critical systems for the new aircraft. Sarla Aviation targets the Shunya's first flight within the next eighteen to twenty-four months. The collaboration aims to advance urban air mobility and related applications.
Tata Elxsi Q4 Results: Profit jumps 28% YoY to Rs 220 crore; co declares Rs 75 per share dividend
Tata Elxsi reported Q4FY26 results with net profit rising 28% to Rs 220 crore and revenue up 9% to Rs 994 crore, driven by deal wins, media and transportation growth, stronger margins, and a recommended Rs 75 dividend for shareholders
Tata Elxsi shares crack 7% after Q1 profit drops 22% YoY to Rs 144 crore
Tata Elxsi's Q1FY26 consolidated net profit plummeted 22% year-on-year to Rs 144 crore, with revenue also declining 3.7% to Rs 892 crore, impacted by macroeconomic headwinds. Despite challenges, the company secured key deals, including a multi-million-dollar agreement with a US-based technology firm. MD & CEO Manoj Raghavan acknowledged the challenging quarter but emphasized the company's resilience.
Tata Elxsi's Q1 net profit falls 22% to Rs 144 crore
Tata Elxsi, a Tata Group company, saw its net profit fall by 22%. This decline is due to economic uncertainties and issues affecting R&D spending. The company's revenue also decreased by 3.7%. Weakness in the automotive sector contributed to this drop. Despite challenges, Tata Elxsi aims to protect its business and expand customer relationships. The company's shares closed slightly lower.
Tata Elxsi Q1 Results: PAT plunges 22% YoY, revenue falls 3.7% on macroeconomic headwinds
Tata Elxsi posted a 22% year-on-year fall in Q1FY26 net profit to ₹144 crore and a 3.7% drop in revenue due to macroeconomic headwinds and client-specific challenges.
Reduce Tata Elxsi, target price Rs 4,250: ICICI Securities
ICICI Securities downgrades Tata Elxsi to 'Reduce' with a revised target price of Rs 4250, citing muted Q4FY25 results and structural macroeconomic concerns. Despite new large deals and optimism for Q1FY26, revenue contracted by 5.3% QoQ. The brokerage maintains its estimates, tweaking FY26E EPS slightly, while recommending 'Reduce' based on a 30x forward PE.
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Tata Elxsi Q4 PAT falls 12% YoY to Rs 172 crore amid strain in automotive biz; declares Rs 75 per share final dividend
Tata Elxsi Q4 Results: Tata Elxsi reported a 12% YoY decline in Q4FY25 net profit to ₹172.4 crore, citing weakness in its automotive segment. Revenue was flat at ₹908 crore. EBITDA stood at ₹208 crore with a 22.9% margin. A ₹75/share final dividend was declared.
Tata Elxsi logs 3.6% dip in net profit to Rs 199 crore
Tata Elxsi, a small-tier IT services company, reported a 3.6% decline in net profit to ₹199 crore for Q3 ending December 2024, compared to ₹206.43 crore a year ago. Sequentially, the profit dropped by 13.3%, with revenue growing 2.7% YoY but declining 1.7% from the previous quarter, amid geopolitical uncertainty and industry challenges.
Tata Elxsi shares in focus as co partners with CSIR-NAL for advanced air mobility solutions
Tata Elxsi and CSIR-NAL have formed a strategic partnership to advance air mobility. The collaboration will utilize NAL's aeronautical expertise and Tata Elxsi's technology in electrification and AI. Their goal is to accelerate the development of UAVs and UAMs for global and Indian markets, fostering innovation and scalability in urban transportation.
Tata Elxsi, CSIR-NAL partner for advanced air mobility solutions
Tata Elxsi and CSIR-NAL have partnered to advance air mobility technology. The collaboration combines their expertise in aeronautics, electrification, AI/ML, and sensor fusion. This partnership aims to accelerate the development of unmanned and urban air mobility solutions globally and in India. The alliance will foster innovation and build a robust ecosystem for the aerospace industry.
Tata Elxsi shares jump 3% after Q2 PAT rises 14% YoY to Rs 229 crore
Tata Elxsi reported a 14% growth in consolidated net profit, reaching Rs 229 crore for the second quarter, compared to Rs 200 crore in the same quarter last year. Revenue from operations also increased by 8% year-on-year to Rs 955 crore, up from Rs 882 crore. On a sequential basis, profit rose by 27%, while revenues increased by 3% quarter-on-quarter.
Tata Elxsi Q2 Results: PAT rises 14% YoY to Rs 229 crore; revenue up 8%
Tata Elxsi reported a 14% increase in net profit at Rs 229 crore for the second quarter. Revenue from operations grew by 8% to Rs 955 crore. Growth was driven by strong performance in emerging markets, particularly in transportation. A $50 million deal with a global OEM also contributed. Media and healthcare segments saw some declines.
Tata Elxsi posts 2.5% dip in Q1 profit, revenue rises 9%
Tata Elxsi's Q1FY25 net profit declined 2.5% YoY to Rs 184.1 crore, impacted by weaker healthcare, life sciences, and media segments. Revenue rose 9% YoY to Rs 926.5 crore. Operating margins fell, Europe share rose to 42.2%. Headcount decreased by 257, attrition improved to 12.3%. CEO Raghavan noted strong transportation sector. Shares increased 1.4%.
FLY91 to set up multiple bases; eyes upcoming Noida, Navi Mumbai airports
FLY91, a regional airline based in Goa, is planning to expand its operations by making the upcoming Noida and Navi Mumbai airports its bases. Currently operating with two planes, the airline started operations in March and flies to seven destinations. By the end of this year, FLY91 aims to have six aircraft. It plans to have five bases and connect 50 destinations in the next five years, with a fleet of 70-seater ATR 72-600 aircraft. The airline has raised USD 25 million and aims to break even in the latter half of the next financial year.
Newest airline FLY91 gets routes under UDAN scheme
Fly91, a new airline helmed by top aviation veterans has been allocated its first set of routes under the Government of India’s Regional Connectivity Scheme (RCS) UDAN. The routes given under UDAN 5.0 will see FLY91 connect the cities of Sindhudurg, Jalgaon, Nanded and Agatti with business and leisure destinations of Bangalore, Goa, Hyderabad and Pune.
Fly91, an airline promoted by aviation veterans, to take to skies by this winter
The airline which will have a fleet of ATR-72 aircraft of 76 seats will start operations with three planes and will scale up to six aircraft in first year.
Manoj Bajpayee birthday special: Satya, The Family Man… 5 best performances of the actor
Manoj Bajpayee has wowed us with his varied roles in Hindi cinema. Here’s a look at some of his best acts.
Tata Elxsi to collaborate with IIT Guwahati on electric mobility technology
Tata Elxsi CEO and MD Manoj Raghavan said the collaboration will bring together the best minds from Tata Elxsi and IIT Guwahati to envisage and develop future-looking solutions for the fast-evolving space of electric mobility.
Buy Tata Elxsi, target price Rs 7200: Sharekhan by BNP Paribas
Tata Elxsi, incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 41306.09 Crore) operating in IT Software sector.
Fairfax India former head, Kingfisher Airlines veteran plan regional airline Fly91
The airline, Fly91 (91 for India’s country code) will be promoted by Manoj Chacko, who was the executive vice president at Kingfisher, chief operating officer and CEO, business travel at travel company SOTC. Chacko will also be CEO, Fly91.
How this IT midcap outperformed peers in a brutal year for tech stocks
Shares of Tata Elxsi Ltd. have jumped 37% in 2022, topping a gauge of Indian tech firms that has shed 28% with all but two stocks in the red. The company’s sales and profits have climbed on large deals for cloud-based platforms and artificial intelligence used to improve products and customer experience.
Tata Elxsi jumps 4% as Q1 profit surges 62% YoY
The company’s net profit rose by 62 per cent YoY in the quarter ended June 2022 to Rs 184.72 crore. Last year, the company's profit was Rs 113.37 crore.The total comprehensive income increased in June 2022 quarter to Rs 182.11 crore from Rs 113.38 crore YoY.Total expenses for the said quarter rose by 20 per cent YoY to Rs 508.18 crore from Rs 421.88 crore.
Tata Elxsi Q4 net profit rises 39% to Rs 160 crore
The income from operations grew by 31.5 per cent to Rs 681.73 crore during the quarter from Rs 518.39 crore in March 2021 quarter.
We hope to leverage the digital push set in motion by the pandemic, says Tata Elxsi CEO
"We've seen a lot of upward trends in technology adoption. Whether it is office spaces, whether it is factories they are moving entirely towards becoming smart and digital. It's a great opportunity for companies like ours," says Manoj Raghavan.
Tata Elxsi climbs 9% after reporting 40% rise in Q4 profit
The IT firm reported a profit of Rs 115.16 crore for the fourth quarter compared with Rs 82.08 crore profit in the year-ago period.
Tata Elxsi Q4 results: Net profit surges 40% to Rs 115 cr
Its revenue from operations rose 18.1 per cent to Rs 518.39 crore for the said quarter from Rs 438.88 crore in the corresponding period last fiscal, it added.
Tata Elxsi Q3 results: Net profit up 39.5% at Rs 105 cr
Its revenue from operations rose 12.7 per cent to Rs 477.1 crore for the said quarter from Rs 423.4 crore in the corresponding period last fiscal, it added.
Tata Elxsi Q1 results: Net profit up over 41% to Rs 68.8 crore
The company had registered a net profit of Rs 48.79 crore in the year-ago period, Tata Elxsi said in a regulatory filing.
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