Tata Elxsi's Net Profit Dips 2.5%, Revenue Jumps 9%
Wed, Jul 10, 2024 7:06 PM

Tata Elxsi's Net Profit Dips 2.5%, Revenue Jumps 9%

A Flip by Shubhangi Gupta
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Tata Elxsi reported a 2.5% Y/Y drop in net profit to ₹184.07 crore and 6.5% sequential decline. Revenue from operations rose 9% Y/Y to ₹926.45 crore and 2% Q/Q. The software development segment contributed ₹899.99 crore, while system integration revenue was ₹26.46 crore. Despite Bernstein assigning an "underperform" rating with a target of ₹6,030, Tata Elxsi's share price rose 1.46% to ₹7,119.45.

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