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Tata Elxsi announced its Q4 FY26 financial results, reporting revenue of ₹993.8 crores with a quarter-on-quarter growth of 0.9% in constant currency terms.
Tata Elxsi and JSW Motors have established the JNEXT Technology Center in Pune for next-gen NEV solutions.
KEY POINTS
- OEM customers now represent 77% of Tata Elxsi's transportation vertical revenue, reflecting a strategic business pivot.
- Tata Elxsi's Healthcare vertical revenue fell 13.1% QoQ due to delayed deal closures, now expected in Q1 FY27.
- Tata Elxsi achieved a 130 basis point QoQ EBITDA margin increase, driven mainly by currency tailwinds and efficiencies.
- Management revised FY27 growth outlook to high single digits, down from earlier double-digit expectations.
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