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Tata Elxsi delivers healthy growth in Q1 FY'25 with revenue from operations growing at 2.4% QoQ in constant currency

Transportation business grows strongly at 5.3% QoQ in CC terms BANGALORE, India, July 10, 2024 /PRNewswire/ -- Tata Elxsi (BSE: 500408 | NSE: TATAELXSI), amongst the world's leading providers of design led technology services, announced its first quarter results for the period ending 30th June 2024. For the quarter ending 30th June 2024, company reported Rs. 926.5 Cr of operating revenue, a growth of 2.3% QoQ. Highlights of the Quarter Ended 30th June 2024: Revenues from operations at Rs. 926.5 Cr, + 2.3% QoQ, + 9.0% YoY Operating (EBITDA) Margin at 27.2%; Net Margin (PBT) at 26.3% Profit Before Tax (PBT) at Rs. 252.4 Cr, +1.6% YoY Business Highlights: Transportation grew strongly at 5.3% QoQ CC, aided by deal wins and ramp-up of Software Defined Vehicle (SDV) engagements Media and Communications grew 0.5% QoQ CC, performing creditably in a difficult environment for the media and telecom industry System Integration services grew strongly at 8.7% QoQ CC Mr. Manoj Raghavan, CEO and Managing Director, Tata Elxsi, commenting on the company's performance in the first quarter of FY25, said: "We are happy to report a healthy performance in the first quarter with a top-line growth ...