Tata Elxsi Reports Steady Revenues in Q3 FY’25, with Media & Communications and Healthcare Businesses Back to Growth

Tata Elxsi, a leading global provider of design-led technology services, announced its Q3 results for the period ending 31 December 2024. The company reported revenues of Rs. 939.2 Cr, with EBITDA margins at 26.3% and PBT margin at 26.1%. The company saw growth in India (21.9% YoY), Japan (66.8% YoY), and emerging markets. Tata Elxsi continues to win large deals in the automotive industry despite industry challenges. The company also announced an Offshore Development Centre for Suzuki Corporation, Japan, and will launch its AVENIR SDV software suite at the CES 2025. The Media & Communications business reported QoQ CC growth, and the Healthcare & Lifesciences business reported growth of 1.1% QoQ. However, the Systems Integration (SIS) business witnessed decision delays in some large projects.