{"id":173149,"date":"2026-01-14T08:10:26","date_gmt":"2026-01-14T13:10:26","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=173149"},"modified":"2026-01-14T08:10:26","modified_gmt":"2026-01-14T13:10:26","slug":"tata-elxsi-q3-fy26-earning-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tata-elxsi-q3-fy26-earning-results\/","title":{"rendered":"Tata Elxsi Q3 FY26 Earning Results"},"content":{"rendered":"\n<p>Tata Elxsi is amongst the world\u2019s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy, to electronics and mechanical design, software development, validation and deployment, and is supported by a network of design studios, global development centers and offices worldwide. <\/p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Q3 FY26 Earnings Results<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b9953.5 crore, up 3.9% QoQ from \u20b9918 crore in Q2 FY26 and up about 1.4% YoY from ~\u20b9939 crore in Q3 FY25.<\/li>\n\n\n\n<li>EBITDA: \u20b9222.2 crore, EBITDA margin 23.3%, up 220 bps QoQ from 21.1% in Q2 FY26.<\/li>\n\n\n\n<li>Profit Before Tax (PBT): \u20b9242.0 crore, up 12.7% QoQ from \u20b9214.7 crore in Q2 FY26.<\/li>\n\n\n\n<li>Profit After Tax (PAT \u2013 reported): \u20b9108.9 crore, down 29.7% QoQ from \u20b9154.8 crore in Q2 FY26, due to a one\u2011time labour\u2011code related exceptional charge of \u20b995.7 crore.<\/li>\n\n\n\n<li>Profit After Tax (PAT \u2013 adjusted \/ underlying): \u20b9179.1 crore, up 15.7% QoQ excluding the one\u2011time exceptional item; implied PAT margin about 18.8%.<\/li>\n\n\n\n<li>Segment performance:\n<ul class=\"wp-block-list\">\n<li>Transportation: Strongest growth driver with healthy double\u2011digit QoQ growth led by accelerated ramp\u2011up of software\u2011defined vehicle (SDV) deals and recovery with a key global OEM.<\/li>\n\n\n\n<li>Media &amp; Communication: Muted\/flat QoQ performance, impacted by seasonal furloughs and some deal\u2011closure delays.\u200b<\/li>\n\n\n\n<li>Healthcare &amp; Life Sciences: Soft in the quarter due to seasonality and timing of regulatory\u2011driven spends, with recovery expected from Q4.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Geography:\n<ul class=\"wp-block-list\">\n<li>US and Europe delivered the strongest growth, benefiting from ramp\u2011ups in large accounts and new design\u2011led engineering wins.<\/li>\n\n\n\n<li>India and rest\u2011of\u2011world were comparatively softer but stable.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Management Commentary &amp; Strategic Decisions<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>CEO Manoj Raghavan highlighted that the quarter <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/ec3007ae-8338-4b41-93e8-9a1da93e8d48.pdf\" target=\"_blank\" rel=\"noopener\">saw <strong>healthy<\/strong> growth in revenues<\/a> and a strong improvement in operating margins, driven by better utilisation, disciplined cost management, and continued traction in transportation, especially SDV programmes with global OEMs.<\/li>\n\n\n\n<li>Management emphasized that the one\u2011time labour\u2011code related provision is a non\u2011recurring exceptional item; underlying business profitability remains intact with adjusted PBT and PAT growing double\u2011digit QoQ.<\/li>\n\n\n\n<li>Key strategic directions reaffirmed in Q3 FY26:\n<ul class=\"wp-block-list\">\n<li>Deepening focus on SDV and next\u2011gen mobility: Scaling embedded software, AI\/ML and cloud\u2011native platforms for automotive and off\u2011highway OEMs, including a new US off\u2011highway OEM deal for an advanced operator information and control system.<\/li>\n\n\n\n<li>Investing in Gen AI and AI\u2011enabled engineering: Building horizontal platforms and accelerators to drive productivity and differentiated solutions across transportation, media and healthcare.<\/li>\n\n\n\n<li>Expanding large deals and partnerships: Multi\u2011million\u2011dollar wins in healthcare (regulatory workflows, digital engineering) and strategic telecom partnerships for network virtualisation and cloud\u2011based platforms.<\/li>\n\n\n\n<li>Continued focus on offshore leverage and delivery excellence to sustain and further expand margins, while selectively investing in talent and labs in priority geographies.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Elxsi-Q3-FY26-Earnings-Results-839x1024.png\" alt=\"Tata Elxsi Q3 FY26 Earnings Results\" class=\"wp-image-173150\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Elxsi-Q3-FY26-Earnings-Results-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Elxsi-Q3-FY26-Earnings-Results-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Elxsi-Q3-FY26-Earnings-Results-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Elxsi-Q3-FY26-Earnings-Results-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Elxsi-Q3-FY26-Earnings-Results.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Q2 FY26 Earnings Results<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b9918.1 crore, up 2.9% QoQ from \u20b9892.1 crore in Q1 FY26; down 3.9% YoY from \u20b9955.1 crore in Q2 FY25.<\/li>\n\n\n\n<li>EBITDA: \u20b9193.3 crore, EBITDA margin 21.1%.<\/li>\n\n\n\n<li>Profit Before Tax (PBT): \u20b9214.7 crore, up 9.4% QoQ; PBT margin about 23.4%, improving 110 bps QoQ.<\/li>\n\n\n\n<li>Profit After Tax (PAT): \u20b9154.8 crore, up 7.2% QoQ from \u20b9144.4 crore in Q1 FY26, but down 32.5% YoY from \u20b9229.4 crore in Q2 FY25.<\/li>\n\n\n\n<li>PAT margin: 16.0%, with ~50 bps expansion QoQ.<\/li>\n\n\n\n<li>Segment and regional highlights:\n<ul class=\"wp-block-list\">\n<li>Media &amp; Communication: Accounted for just over 31% of revenue and grew 6.8% QoQ, aided by large deal ramp\u2011ups.\u200b<\/li>\n\n\n\n<li>Transportation: Accounted for over 53% of revenue, growing 0.7% QoQ, with continued strength in core automotive even as some programmes normalised.\u200b<\/li>\n\n\n\n<li>US region revenue grew 7.9% QoQ, emerging as the fastest\u2011growing geography in the quarter.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Operational metrics:\n<ul class=\"wp-block-list\">\n<li>EBIT: \u20b9170 crore, up 4.6% QoQ, with EBIT margin at 18.5%.\u200b<\/li>\n\n\n\n<li>Employee count: 11,951 as of Q2 FY26, reflecting selective hiring aligned with large deal ramp\u2011ups.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Management Commentary &amp; Strategic Decisions in Q2 FY26<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>CEO Manoj Raghavan highlighted robust growth in the US region and continued expansion in core transportation and media verticals, despite an overall challenging macro environment.\u200b<\/li>\n\n\n\n<li>Management pointed out that margin expansion was driven by operational excellence, higher offshore mix and improved utilisation, even as the company continued to invest in capability building and innovation.<\/li>\n\n\n\n<li>Strategic initiatives reinforced in Q2 FY26:\n<ul class=\"wp-block-list\">\n<li>Establishment of an exclusive Cloud HIL centre for Suzuki Motors in Thiruvananthapuram to support global SDV programmes, deepening OEM partnerships.\u200b<\/li>\n\n\n\n<li>Focus on differentiated technology capabilities (SDV, autonomous, ADAS, digital broadcast, OTT platforms, MedTech engineering), offshore execution and adjacent market expansion.<\/li>\n\n\n\n<li>Continued investment in deal origination and mining across transportation and media, with expectations that these will drive growth in subsequent quarters.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Elxsi is amongst the world\u2019s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy, to electronics and mechanical design, software development, validation and deployment, and is supported by a network of design studios, global development centers and offices worldwide. [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":173150,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,8],"tags":[8532],"class_list":["post-173149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-technology-stocks","tag-technology"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Elxsi-Q3-FY26-Earnings-Results.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":171447,"url":"https:\/\/alphastreet.com\/india\/tata-elxsi-q2-fy26-earnings-results\/","url_meta":{"origin":173149,"position":0},"title":"Tata Elxsi Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 10, 2025","format":false,"excerpt":"Tata Elxsi is amongst the world\u2019s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy, to electronics and mechanical design, software development, validation and deployment, and is supported by a network of design studios, global\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Tata Elxsi Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":128585,"url":"https:\/\/alphastreet.com\/india\/tata-elxsi-q4-fy-22-research-tear-sheet\/","url_meta":{"origin":173149,"position":1},"title":"Tata ELXSI Q4 FY 22 Research Tear Sheet","author":"sreerupa","date":"April 25, 2022","format":false,"excerpt":"Tata Elxsi is a leading provider of technology services across industries including Automotive, Broadcast, Communications, Healthcare and Transportation. It is headquartered in Bangalore. It was incorporated on 5th May 1989. It has its operation worldwide. The company has its presence in 35+ locations. The total employee count till date is\u2026","rel":"","context":"In &quot;Research Summary&quot;","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":141446,"url":"https:\/\/alphastreet.com\/india\/tata-elxsi-q3fy23-net-profit-rises-by-29\/","url_meta":{"origin":173149,"position":2},"title":"Tata Elxsi Q3FY23 net profit rises by 29%","author":"Chirag Gupta","date":"February 14, 2023","format":false,"excerpt":"Net profit of Tata Elxsi rose 28.96% to INR 194.68 crore in the quarter ended December 2022 as against INR 150.96 crore during the previous quarter ended December 2021. While, sales rose 28.69% to INR 817.74 crore in the quarter ended December 2022 as against INR 635.41 crore during the\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":139208,"url":"https:\/\/alphastreet.com\/india\/tata-elxsi-delivers-29-growth-in-its-net-profits-in-q3fy23-results\/","url_meta":{"origin":173149,"position":3},"title":"Tata Elxsi delivers 29% growth in its net profits in Q3FY23 results","author":"Chirag Gupta","date":"January 25, 2023","format":false,"excerpt":"Net profit of Tata Elxsi rose 28.96% to INR 194.68 crore in the quarter ended December 2022 as against INR 150.96 crore during the previous quarter ended December 2021. While, sales rose 28.69% to INR 817.74 crore in the quarter ended December 2022 as against INR 635.41 crore during the\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":173177,"url":"https:\/\/alphastreet.com\/india\/tata-technologies-q3-fy26-earnings-results\/","url_meta":{"origin":173149,"position":4},"title":"Tata Technologies Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 16, 2026","format":false,"excerpt":"Incorporated in 1994, Tata Technologies Limited is a global engineering services company offering Product Development and Digital Solutions. Q3 FY26 Earnings Results Revenue from Operations: \u20b913,657 million, up 3.2% QoQ from \u20b913,233 million in Q2 FY26 and up 3.7% YoY from \u20b913,174 million in Q3 FY25. 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