Tata Elxsi Q3FY26 Revenue Rises to Rs 9.54 Billion

16 Jan 2026 CW Team

Earnings before interest, tax, depreciation and amortisation stood at Rs 2.22 billion, translating into an EBITDA margin of 23.3 per cent. Profit before tax rose 12.7 per cent quarter-on-quarter to Rs 2.42 billion, while profit after tax increased 15.7 per cent to Rs 1.79 billion, excluding a one-time exceptional item linked to the new labour code.

Growth during the quarter was led by the transportation business, driven by accelerated ramp-ups in software-defined vehicle programmes with original equipment manufacturers and the normalisation of workstreams with a strategic OEM client impacted in the previous quarter. The company also secured a new programme with a US-based off-highway OEM for the development of a complex operator information and control system, reinforcing its turnkey system and software development capabilities integrated with human–machine interface and human-centric design.

From a regional perspective, Europe and the US delivered broad-based growth across key accounts and verticals. While the media and communications, as well as healthcare and life sciences segments, were affected by seasonal furloughs and delayed deal closures, the company expects recovery and renewed growth in both verticals from the fourth quarter.

In healthcare, investments in generative artificial intelligence-powered regulatory workflows resulted in a multi-year, multi-million deal with a European MedTech leader to transform regulatory processes and improve cycle times and quality. The company also won a significant contract for a next-generation drug delivery system for critical illness treatment, highlighting its strength in innovation-led product engineering.

In the telecom space, Tata Elxsi was selected as a strategic partner by a major European telecom operator for a three-year network transformation programme aimed at enabling autonomous networks. The engagement will leverage NEURON, the company’s platform for orchestration and automation across 4G and 5G networks.

Operational efficiency improved during the quarter, with EBITDA rising by 220 basis points quarter-on-quarter, supported by better utilisation and delivery excellence. The company continues to invest in applying artificial intelligence and generative AI across innovation and product engineering workflows, with increasing adoption reflected in recent deal wins.

Management said Tata Elxsi enters the final quarter of the financial year with confidence in its design-led and AI-enabled engineering capabilities, supported by new customer additions, large deal wins, continued investments in future technologies and a strong deal pipeline.

Tata Elxsi reported steady growth in the third quarter of FY26, with operating revenue reaching Rs 9.54 billion for the period ended December 31, 2025, reflecting a quarter-on-quarter increase of 3.9 per cent. Earnings before interest, tax, depreciation and amortisation stood at Rs 2.22 billion, translating into an EBITDA margin of 23.3 per cent. Profit before tax rose 12.7 per cent quarter-on-quarter to Rs 2.42 billion, while profit after tax increased 15.7 per cent to Rs 1.79 billion, excluding a one-time exceptional item linked to the new labour code. Growth during the quarter was led by the transportation business, driven by accelerated ramp-ups in software-defined vehicle programmes with original equipment manufacturers and the normalisation of workstreams with a strategic OEM client impacted in the previous quarter. The company also secured a new programme with a US-based off-highway OEM for the development of a complex operator information and control system, reinforcing its turnkey system and software development capabilities integrated with human–machine interface and human-centric design. From a regional perspective, Europe and the US delivered broad-based growth across key accounts and verticals. While the media and communications, as well as healthcare and life sciences segments, were affected by seasonal furloughs and delayed deal closures, the company expects recovery and renewed growth in both verticals from the fourth quarter. In healthcare, investments in generative artificial intelligence-powered regulatory workflows resulted in a multi-year, multi-million deal with a European MedTech leader to transform regulatory processes and improve cycle times and quality. The company also won a significant contract for a next-generation drug delivery system for critical illness treatment, highlighting its strength in innovation-led product engineering. In the telecom space, Tata Elxsi was selected as a strategic partner by a major European telecom operator for a three-year network transformation programme aimed at enabling autonomous networks. The engagement will leverage NEURON, the company’s platform for orchestration and automation across 4G and 5G networks. Operational efficiency improved during the quarter, with EBITDA rising by 220 basis points quarter-on-quarter, supported by better utilisation and delivery excellence. The company continues to invest in applying artificial intelligence and generative AI across innovation and product engineering workflows, with increasing adoption reflected in recent deal wins. Management said Tata Elxsi enters the final quarter of the financial year with confidence in its design-led and AI-enabled engineering capabilities, supported by new customer additions, large deal wins, continued investments in future technologies and a strong deal pipeline.

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