Tata Elxsi, a leading design and technology services company, reported its financial results for the third quarter of fiscal year 2024-25 on January 9, 2025. Key highlights include:

• Revenue from Operations: ₹939.2 crore, a 2.7% increase from ₹914.2 crore in the same quarter of the previous year.
• Profit After Tax (PAT): ₹199 crore, a 3.6% decrease compared to ₹206 crore year-over-year.
• Operating EBITDA: ₹246.6 crore, with an EBITDA margin of 26.3%.
• Profit Before Tax (PBT): ₹255.8 crore, reflecting a PBT margin of 26.1%.

The company’s performance varied across different sectors:

• Automotive Industry: Faced challenges due to market conditions in the U.S. and Europe, impacting new deal closures and Tier 1 supplier spending.
• Media & Communication: Achieved quarter-over-quarter growth in constant currency terms, despite typical seasonal softness.
• Healthcare & Life Sciences: Experienced a 1.1% sequential growth, with new customer acquisitions and increased traction for AI-powered regulatory and digital engineering solutions.