Tata Elxsi Ltd Share Price – NSE /  BSE

IT - Software, Small Cap

Tata Elxsi in partnership with DENSO Robotics Europe and AAtek, announced the inauguration of the ‘Robotics and Automation Innovation Lab' at its Frankfurt office. This state-of-the-art facility aims to drive the future of robotics automation across sectors such as medical devices, pharmaceuticals, life sciences and food science.

Equipped for both proof-of-concept (POC) and full-scale development, the lab will serve as a research and development hub, focusing on modular automation, accelerating product development, and simplifying maintenance to meet global demand for automation solutions. This includes live demonstrations of high-precision and modular robotic implementations in cell/tissue culture, diagnostics, and sterilised environments.

The new facility will specialise in key areas, leveraging AI-driven analytics to support personalised medicine, automated handling of cell cultures in sterile environments, liquid handling and dispensing solutions, hospital lab automation, drug discovery, bioprocessing, and diagnostics. The centre will provide services including product design and engineering, application development, platform engineering, and regulatory compliance support.

This unique combination of state-of-the-art technology and deep automation expertise provides customers with a platform to co-create, test, and deploy robotic solutions designed to meet the specific regulatory and operational challenges of the healthcare industry.

Designed to foster innovation in the region, the lab is also open to researchers and students from the Frankfurt Innovation Center (FIZ) and the startup ecosystem in the Hessen region.

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Suzuki Motor Corporation and Tata Elxsi inaugurated the ‘SUZUKI-TATA ELXSI Offshore Development Center' in Pune, India. This dedicated center will drive Suzuki's innovations in advanced engineering, shaping the future of mobility.

Tata Elxsi will support Suzuki in its green mobility vision by aligning with Suzuki's goals for sustainable innovation in lightweight design, safety, styling and engineering, eco-friendly materials, and advanced simulations to improve time-to-market. The partnership will also focus on next-generation powertrains and software-defined vehicles, fostering energy-efficient solutions for electric, hybrid, and alternative fuel vehicles.

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On quarter on quarter basis, the company's net profit and revenue were higher by 24.64% and 3.09%, respectively.

Profit before tax (PBT) stood at Rs 298.71 crore in the September 2024 quarter, registering a growth of 18.35% QoQ and 13.21% YoY.

EBITDA stood at Rs 266.4 crore in the quarter ended 30 September 2024 (up 5.59% QoQ and up 1.06% YoY). EBITDA margin was at 27.9% in Q2 FY25 as compared to 27.2% posted in Q1 FY25 and 29.9% in Q2 FY24.

The revenue growth stood at 5.1% YoY and 0.2% QoQ in constant currency (CC) terms.

Transportation growth was at 4.4% QoQ in CC terms, aided by large deals including a $50 million multi-year deal with a leading global OEM.

Healthcare declines 11.2% QoQ in CC terms impacted by deal renewal delays with our leading customer, even as we added key new customers and expect recovery starting Q3 FY25.

Media and Communications revenue declines by 2.6% QoQ in CC terms even as the business sees green shoots for growth, led by network transformation and AI-led services.

The company's total headcount in Q2 of FY25 stood at 12,793. Attrition rate stood at 12.5% in Q2 FY25 as compared to 13.7% in Q2 FY24 and 12.3% in Q1 FY25.

Manoj Raghavan, CEO and managing director of Tata Elxsi, said, “Our operational and offshore delivery excellence, fiscal discipline, and differentiated offerings, have contributed to our EBITDA margins expanding by 70 basis points to 27.9% for the quarter. Our PAT grew by 24.6% QoQ to 229.4 crore, with the superior bottom-line performance further aided by R&D incentives and tax credits from previous years.

Our strategic focus on expanding our business in Japan, emerging markets and capitalising on the India opportunity, is now starting to significantly contribute to our growth. During the quarter, our revenue from India has grown by 31.2% YoY, while Japan and emerging markets grew smartly at 81.9% YoY.

We also launched a state-of-the-art robotics innovation lab in Frankfurt, in partnership with Denso Robotics and AATech, designed to revolutionize automation and robotics for various sectors including precision surgery and healthcare.

We step into the third quarter of this financial year with the confidence of our design-digital proposition, a healthy deal pipeline, continued growth in our transportation business, large deal wins and recovery in our other key verticals.”

Tata Elxsi is amongst the world's leading providers of design and technology services across industries including automotive, broadcast, communications, healthcare and transportation.

Shares of Tata Elxsi fell 0.45% to currently trade at Rs 7,724 on the BSE.

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Tata Elxsi has allotted 2,361 equity shares under ESOP on 10 October 2024. With this allotment, the paid up equity share capital has increased to Rs. 62,28,19,760 divided into 6,22,81,976 equity shares of Rs. 10 each.

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