Tata Elxsi Ltd., a leading player in the software and systems integration industry, has reported its audited financial results for the quarter and nine months ended December 31, 2024, showcasing strong growth across key metrics. The results were approved by the Board of Directors in a meeting held on January 9, 2025.
Financial Highlights
For the quarter ended December 31, 2024, the company posted a total income from operations of ₹979.02 crore, a slight dip compared to ₹1,019.39 crore in Q2 FY 2024-25. However, the income showed an increase from ₹944.16 crore in the same period last year. For the nine months ended December 31, 2024, Tata Elxsi achieved a total income of ₹2,957.00 crore, reflecting a steady performance against ₹2,734.47 crore for the same period last year.
The company’s net profit for the quarter stood at ₹199.01 crore, down from ₹229.43 crore in the previous quarter, but up from ₹206.43 crore in Q3 FY 2023-24. On a nine-month basis, the net profit reached ₹612.52 crore, an increase from ₹595.30 crore for the corresponding period last year.
Segment Performance
Breaking down its segment performance, Tata Elxsi reported revenue from software development and services of ₹918.68 crore for the quarter, contributing the majority of the company’s total income. This segment has shown a steady upward trend, with a nine-month total of ₹2,745.84 crore compared to ₹2,576.23 crore in the same period last year.
The system integration and support services segment contributed ₹20.50 crore in revenue for Q3, down from ₹27.91 crore in Q2, but still showing a solid performance on a year-to-date basis, with ₹74.87 crore in total revenue for the nine months.
Tata Elxsi’s profitability continues to be strong. The company reported a total comprehensive income of ₹195.59 crore for the quarter, down from ₹227.21 crore in Q2 but still reflecting strong overall growth when compared to ₹204.60 crore in Q3 FY 2023-24. For the year-to-date period, total comprehensive income amounted to ₹607.98 crore, up from ₹587.25 crore in the same period last year.
Earnings per share for Q3 stood at ₹31.95, a slight decrease from ₹36.84 in the previous quarter. For the nine-month period, basic EPS was ₹98.34, reflecting strong growth compared to ₹95.59 in the same period last year.
The company’s paid-up equity share capital remained stable at ₹62.28 crore. Additionally, Tata Elxsi reported no subsidiary, associate, or joint venture companies as of December 31, 2024.
Tata Elxsi continues to perform well across both segments, driven by strong demand for software development and integration services. With a robust financial standing, the company is positioned to maintain growth in the coming quarters.
