Introduction:
Leading tech solutions provider reported a 3.6% year-on-year decline in net profit for the December 2024 quarter, citing geopolitical uncertainties, currency volatility, and industry challenges. Revenue grew annually but faced sequential declines, impacting profitability and margins.
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Share price movement of Tata Elxsi:
On January 10, 2025, Tata Elxsi Ltd opened at ₹5,999.95, down 6.92% from its previous close of ₹6,443.70. The stock reached a high of ₹6,200.00 and a low of ₹5,924.00. By 10:12 AM, it traded at ₹5,998.00, with a market cap of ₹37,357.55 crore.
Tata Elxsi Q3 Net Profit Declines 3.6% YoY to ₹199 Crore:
Tata Elxsi reported a 3.6% year-on-year drop in net profit to ₹199 crore for the December 2024 quarter, down from ₹206.43 crore a year ago. Sequentially, net profit fell 13.3% from ₹229.43 crore in Q2 FY25.
The revenue from operations grew 2.7% YoY to ₹939.17 crore but declined 1.7% compared to ₹955.1 crore in the previous quarter. The company attributed the profit decline to geopolitical uncertainty, currency volatility, and sectoral challenges in Europe and the US.
Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) fell 7.7% quarter-on-quarter to ₹220.07 crore. The EBITDA margin dropped to 24.2% in Q3 FY25, compared to 25.7% in Q2 FY25, reflecting profitability pressures.
Recent news on Tata Elxsi:
As of January 08, 2025, Tata Elxsi partnered with CSIR-NAL to innovate in advanced air mobility, focusing on UAVs, Urban Air Mobility, and eVTOL aircraft, targeting logistics, defense, agriculture, and urban transportation in global markets.
Stock performance of Tata Elxsi for Period of 1 week, 6 months and 1 year:
Tata Elxsi’s stock declined 3.12% over the past week, reflecting short-term challenges. Over six months, it dropped 8.85%, signaling sustained pressures. The one-year performance saw a steep 26.2% decline, highlighting significant long-term challenges.
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Shareholding pattern of Tata Elxsi:
| All values in % | Dec 2024 | Sep 2024 | Jun 01, 2024 |
| Promoter | 43.90% | 43.90% | 43.90% |
| FII | 13.30% | 13.70% | 13.70% |
| DII | 7.50% | 7.40% | 6.20% |
| Public | 35.30% | 35.00% | 36.20% |
About Tata Elxsi:
Tata Elxsi (NSE: TATAELXSI) is a global leader in design and technology services, offering end-to-end solutions in automotive, media, communications, and healthcare. Its expertise spans research, design, software development, and deployment through global centers.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
