Tata Elxsi announced the opening of a Global Engineering Center (GEC) with Schaeffler Technologies AG & Co. KG, a world leader in providing mechatronics solutions for the Transportation industry.

Tata Elxsi has been selected as the Global engineering services partner by Schaeffler, and the GEC is part of a strategic multi-year engineering services engagement. The GEC center in Pune will focus on Mechatronics, Digital & embedded technologies with the highest level of talent in line with Schaeffler's vision for driving “Mobility for Tomorrow”. This center will be pivotal to help accelerate innovation and drive digital transformation and growth for Schaeffler's mechatronics business.

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INVIDI Technologies and Tata Elxsi announced an expansion of their relationship to bring addressable television capabilities to pay TV operators in India, Asia-Pacific and MEA.

INVIDI Edge™ is a market-leading combination of single view addressability across both OTT and linear TV audiences, providing a one-stop solution for pay TV operators and premium video publishers. INVIDI Edge™ supports all premium video distribution schemes: satellite, cable, IPTV, AVOD, OTT.

INVIDI Edge™, INVIDI's patented addressable television solution, is uniquely able to work in the satellite distribution environment on non-connected set top boxes, which in India represents the largest segment of pay TV boxes. With over 160 million subscribers, India is one of the world's largest pay TV markets.

As linear advertising revenues remain under pressure due to the increasing shift of advertising spend to digital platforms, pay TV operators in emerging markets like India, Asia-Pacific and MEA regions can now offer their broadcast partners targeting and addressability, thus increasing revenue potential.

Tata Elxsi has been at the forefront of enabling digital transformation for leading pay TV operators and media companies across the world, helping them develop, integrate and manage innovative services and applications that deliver new revenue streams and great viewer experience.

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Profit before tax (PBT) stood at Rs 93.94 crore in Q1 June 2020, rising 33.86% from Rs 70.18 crore in Q1 June 2019. Total tax expense rose 17% year on year to Rs 25.07 crore in Q1 June 2020.

On a sequential basis, the net profit declined 16.09% while revenues fell 8.75% in Q1 June 2020 over Q4 March 2020.

Tata Elxsi manufactures computers and workstations besides providing system design, software development and integration services.

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Net profit of Tata Elxsi rose 41.16% to Rs 68.87 crore in the quarter ended June 2020 as against Rs 48.79 crore during the previous quarter ended June 2019. Sales rose 10.72% to Rs 400.49 crore in the quarter ended June 2020 as against Rs 361.71 crore during the previous quarter ended June 2019.

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