Financial Highlights Q2 FY27

Revenue Performance:

  • Revenue from Operations: ₹1,055.7 crores, representing 3.4% QoQ growth and 15.0% YoY growth
  • Constant currency growth: 2.3% QoQ, 7.8% YoY
  • Other Income: ₹34.9 crores, showing -15.8% QoQ and -28.6% YoY decline
  • Total Income: ₹1,090.6 crores, with 2.6% QoQ growth and 12.8% YoY growth

Profitability Metrics:

  • EBITDA: ₹231.4 crores, growing 7.1% QoQ and 19.7% YoY
  • EBITDA Margin: 21.9%, expanding 70 bps QoQ from 21.2% in Q1 FY27
  • EBIT: ₹207.8 crores, growing 7.2% QoQ and 22.3% YoY
  • EBIT Margin: 19.7%, improving from 19.0% in Q1 FY27
  • PBT: ₹239.1 crores, growing 2.9% QoQ and 11.4% YoY
  • PBT Margin: 21.9% (flat QoQ)
  • PAT: ₹170.3 crores, showing -0.2% QoQ decline but 10.0% YoY growth
  • PAT Margin: 15.6%, compared to 16.1% in Q1 FY27 and 16.0% in Q2 FY26

Earnings Per Share:

  • Basic EPS: ₹27.34, showing -0.1% QoQ change but 10.0% YoY growth
  • Diluted EPS: ₹27.34, showing -0.1% QoQ change but 10.0% YoY growth

Segment Performance Q2 FY27

Vertical-wise Revenue Growth (Constant Currency QoQ):

  • Media & Communications (33.6% of SDS segment): 3.4% growth, driven by deal ramp-ups and new GenAI engagements
  • Transportation (>55% of SDS segment): 2.0% growth, supported by OEM business and aerospace/defence deals
  • Healthcare & Life Science: 3.5% growth, aided by new turn-key product engineering and digital health deals

Strategic Initiatives and Key Deals

Sarla Aviation Collaboration:

  • Strategic collaboration to develop Shunya, India's first indigenous electric vertical take-off and landing (eVTOL) aircraft
  • Tata Elxsi will contribute capabilities in flight-critical systems, avionics, software integration, testing, verification, validation and certification
  • Potential applications across passenger mobility, logistics, air ambulance services and defence

KAVIA AI Investment:

  • Strategic investment in Silicon Valley-based enterprise AI platform company KAVIA AI
  • Strengthens collaboration to help enterprises manage, modernize and transform complex software environments at scale
  • Part of Tata Elxsi's STEP.UP startup engagement program for deep tech companies

Key Deal Wins:

  • Selected by leading OEM for multi-year program to develop cloud-based telematics and connected vehicle ecosystem including AI-enabled capabilities
  • Chosen by global Aerospace supplier for design and supply of specialized test rigs and system validation services for commercial aircraft
  • Selected as strategic AI partner by US technology leader for GenAI-based virtual assistant development with multilingual intelligence
  • Chosen to implement GenAI-powered enterprise Knowledge Graph platform for global Media and Entertainment leader
  • Selected by global renal care leader for complete redesign of next-generation home dialysis system

Operational Highlights

RDK Entertainment Lab:

  • Inaugurated RDK Entertainment Lab at Thiruvananthapuram delivery center with Comcast executives
  • Provides dedicated environment for end-to-end validation of RDK-powered TVs and set-top boxes
  • Supports automated functional regression and sanity testing using Automatics framework

Startup Autobahn India:

  • Joined as foundation member along with global OEMs and Tier 1 suppliers
  • Aligns with STEP.UP program for open innovation in automotive and mobility ecosystem

TELIPORT Season 4:

  • Launched national innovation challenge for engineering students under theme "Script Your Future"
  • Focused on AI-first innovation, design, and product engineering across Energy, Transportation, Healthcare, Media domains
  • Offers cash awards, national recognition, and career opportunities

Event Participation

RDK Global Summit 2026 (Amsterdam):

  • Showcased capabilities in AI-Powered Experience Assurance, Home Network Management, and Secure RDK Engineering
  • Nitin Pai delivered keynote on "Staying Current When Attacks Move at AI Speed"

Medical Device Regulatory & Quality Summit 2026 (New Delhi):

  • Showcased end-to-end capabilities including ViTEL for material intelligence, ComplaintIQ for AI-driven complaint management, Clintessa for clinical study acceleration

MoGEN Expo 2026 (Bengaluru):

  • Showcased capabilities in electrification, battery intelligence, smart energy through SignaTE, Mobius+, TETHER Smart Manufacturing Platform

Digital Convergence 2026 (Bengaluru):

  • Hosted leadership forum exploring intelligent enterprises, AI, secure infrastructure, and connected intelligence
  • Featured demonstrations across digital manufacturing, industrial AI, digital twins and advanced engineering
  • MoneyControl published exclusive interview with Aditya S. Chikodi on physical AI

Company Background

Tata Elxsi, incorporated in 1989, provides design and technology services across Transportation, Media, Communications and Healthcare & Medical Devices industries. The company offers integrated services from research and strategy to electronics and mechanical design, software development, validation and deployment, supported by a global network of design studios and development centers.