India's Tata Elxsi snaps five-quarter run of profit decline on transport, media units growth

Tata Elxsi

21/04/2026 14:59

BENGALURU, April 21 (Reuters) - Indian engineering research and development firm Tata Elxsi TTEX.NS posted a 27.8% rise in quarterly profit on Tuesday, snapping a five-quarter streak of declines, helped by growth in its transportation and media units.

Profit rose to 2.20 billion rupees ($23.53 million) for the fourth quarter ended March 31, from 1.72 billion rupees a year ago.

Analysts, on average, expected a profit of 1.86 billion rupees, according to data compiled by LSEG.

Tata Elxsi said large deal wins and strong customer additions across its core segments supported growth.

Revenue from transportation, its largest segment, rose 7% on-year in constant currency, helped by multi-year deals.

Revenue from media and communications segment grew 2.3% on-year.

Overall revenue rose 9.4% to 9.94 billion rupees, slightly below analysts' estimate of 10 billion rupees.

The company also declared a dividend of 75 rupees per share.

($1 = 93.5000 Indian rupees)

 (Reporting by Haripriya Suresh and Bipasha Dey in Bengaluru; Editing by Janane Venkatraman)

 ((Bipasha.Dey@thomsonreuters.com;))