Tata Elxsi’s Q1 net profit falls 22% to Rs 144 crore
Tata Elxsi, a Tata Group subsidiary in the IT services space specialised in design and product engineering, has reported a 22% year-on-year decline in quarterly consolidated net profit, pulled down by macroeconomic uncertainties, and industry- and customer-specific issues impacting R&D spend and decision-making cycles.
In the first quarter of FY26, the Bengaluru-headquartered company’s consolidated net profit stood at Rs 144 crore compared with Rs 184 crore a year ago, the company said after market hours.
