Tata Elxsi reports stable Q3 FY25 performance with Rs 939.2 cr revenue

The company witnessed growth in India, Japan, and emerging markets while navigating challenges in the automotive sector. Key highlights include a new Offshore Development Centre for Suzuki and the launch of the AVENIR SDV software suite at CES 2025.

By Autocar Pro News Desk calendar 09 Jan 2025 Views icon2479 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Tata Elxsi reports stable Q3 FY25 performance with Rs 939.2 cr revenue

Tata Elxsi a global leader in design-led technology services, announced its financial results for the third quarter of FY25, ending December 31, 2024.  

The company reported an operating revenue of ₹939.2 crore for the quarter. Operating EBITDA stood at ₹246.6 crore, translating to an EBITDA margin of 26.3%. Profit Before Tax (PBT) was reported at ₹255.8 crore, with a PBT margin of 26.1%, while Profit After Tax (PAT) stood at ₹199 crore, reflecting a PAT margin of 20.3%.  

Commenting on the results, CEO and Managing Director Manoj Raghavan highlighted that the company’s strategic focus on markets such as Japan, emerging economies, and India has yielded positive outcomes. Revenue from India witnessed a year-on-year growth of 21.9%, while Japan and other emerging markets reported a 66.8% year-on-year increase.  

Raghavan noted challenges in the global automotive industry, particularly in the US and Europe, where original equipment manufacturers (OEMs) and Tier 1 suppliers are facing growth constraints. Despite these challenges, Tata Elxsi secured and executed several large deals, helping maintain stable revenues.  

During the quarter, Tata Elxsi announced the establishment of an Offshore Development Centre for Suzuki Corporation, Japan. The centre aims to support Suzuki’s global technology and engineering initiatives, particularly in Connected, Autonomous, and Electric vehicle technologies.  

At the CES 2025 Conference in Las Vegas, Tata Elxsi introduced its AVENIR SDV software suite. This cloud-native development platform, powered by Qualcomm’s Snapdragon Digital Chassis, aims to accelerate software-defined vehicle (SDV) development for global OEMs.  

The Media & Communications vertical demonstrated quarter-on-quarter growth despite seasonal impacts. The company secured a multi-year contract with a US-based multi-system operator to develop and manage its application portfolio, with plans to expand in the coming quarters.  

The Healthcare & Lifesciences segment grew by 1.1% quarter-on-quarter, supported by new customer wins and traction in its regulatory and digital engineering solutions.  

The Systems Integration Services (SIS) division faced delays in project decisions, which affected revenues. However, efforts are underway to pivot the business model toward annuity-based revenue streams. 

Tags: Tata Elxsi
RELATED ARTICLES
JLR Enters FY26 Debt-Free and Electrified, Eyes Scalable Growth Under Reimagine Strategy: CEO Adrian Mardell

auther Angitha Suresh calendar24 May 2025

The company posts its strongest operational year yet in FY25, clearing ₹52,500 crore in Debt Under the Reimagine Strateg...

Tata Motors claims Rs 527 crore as PLI incentive

auther Angitha Suresh calendar24 May 2025

The automaker has estimated and accounted for PLI incentives of Rs 385 crore for the financial year 2025 while it recei...

FY25 a Year of Consolidation for PV Industry, Says N Chandrasekaran; Tata Motors Grows CNG and EV Share to 36%

auther Angitha Suresh calendar24 May 2025

Amid industry slowdown, Tata Motors deepens clean mobility push and scales infrastructure to future-proof its passenger ...