Tata Elxsi Limited, a global technology and design services provider, will announce its financial results for the quarter and nine months ending December 31, 2024, on Thursday, January 9, 2025. The Board of Directors meeting will also consider and approve the audited financial results for the same period.
Key Expectations for Q3 FY25:
- Revenue: Estimated at ₹966 crore, a slight increase from ₹955 crore in the previous quarter.
- EBIT: Expected at ₹245 crore, up from ₹239 crore QoQ.
- EBIT Margin: Anticipated at 25.36%, compared to 25.02% in the prior quarter.
- Net Profit: Projected at ₹198 crore, marking a decline from ₹229 crore QoQ.
The marginal revenue growth is attributed to steady demand across sectors, while a decline in net profit is likely due to increased operational costs and investment in R&D.
Strategic Partnership with CSIR-NAL for Advanced Air Mobility
Tata Elxsi recently announced a strategic partnership with National Aerospace Laboratories (NAL) to drive advancements in urban air mobility (UAM) and unmanned aerial vehicles (UAVs). This collaboration leverages Tata Elxsi’s expertise in electrification, AI/ML, and sensor fusion, along with CSIR-NAL’s aeronautical and testing capabilities.
Key Areas of Focus:
- Technology Development: Aerodynamic design, autonomous systems, and secure communications for manned and unmanned air mobility.
- Market Expansion: Addressing growing demand in logistics, agriculture, defence, and urban transportation.
- Ecosystem Building: Supporting initiatives like Make in India, fostering innovation, and shaping industry standards for precision manufacturing and regulatory frameworks.
Manoj Raghavan, MD & CEO of Tata Elxsi, highlighted the importance of UAVs and UAM technologies in shaping the future of aerospace innovation. Dr. Abhay A. Pashilkar, Director at CSIR-NAL, emphasized the partnership’s role in creating scalable and sustainable solutions for urban transportation.
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