TETata Elxsi500408Quarterly results

Q2 FY'27: operating revenue up 3.4% QoQ and 15.0% YoY; EBITDA up 7.1% QoQ, margin at 21.9%

Q2 FY'27: Operating revenue Rs. 1,055.7 Cr, up 3.4% QoQ and 15.0% YoY.

By ScoutQuest · Tue 13 Oct 2026, 6:02 PM IST · 2 min read

Operating Revenue

Rs. 1,055.7 Cr, up 3.4% QoQ and 15.0% YoY

EBITDA

Rs. 231.4 Cr, up 7.1% QoQ

EBITDA Margin

21.9%

Tata Elxsi has published its press release for the second quarter of FY'27, for the period ended 30 September 2026, along with its disclosure to the exchanges.

Quarter in numbers

• Operating revenue was Rs. 1,055.7 Cr, growing 3.4% QoQ and 15.0% YoY. In constant currency terms, revenue grew 2.3% QoQ.
• EBITDA was Rs. 231.4 Cr, growing 7.1% QoQ, with EBITDA margin at 21.9%.
• The release states EBITDA margin growth of 7.1% QoQ and 19.7% YoY, and that EBITDA expanded 70 bps QoQ despite salary revisions implemented across the entire employee base in the quarter.
• Vertical-wise constant currency growth: Transportation 2.0% QoQ, Media and Communications 3.4% QoQ, and Healthcare & Life Sciences 3.5% QoQ.

Vertical mix and commentary

• Transportation accounts for more than 55% of the SDS segment, and Media & Communications for 33.6% of the SDS segment, as stated in the release.
• CEO and Managing Director Mr. Manoj Raghavan said the growth was broad-based across all three key verticals, and that the focus on operational efficiencies across the organisation improved EBITDA margins.

Deals and initiatives mentioned

• A strategic multi-year deal from a leading automotive OEM for a next-generation cloud-based telematics and connected vehicle ecosystem.
• A strategic AI deal from a global technology leader for a Gen AI based virtual assistant focused on multilingual intelligence and global-scale digital experiences.
• A product engineering mandate from a global leader in renal care to redesign a next-generation home dialysis system, covering full-stack product development and re-engineering across UX, mechanical engineering, electronics, embedded systems and regulatory compliance.
• A strategic early-stage investment in Silicon Valley-based KAVIA AI in September, expanding a partnership that first began in July 2025.
• A strategic collaboration with Sarla Aviation to support the development of Shunya, described as India's first indigenous electric vertical take-off and landing (eVTOL) aircraft.

How to read this

• The figures are the company's reported numbers for the quarter, covering revenue, EBITDA and EBITDA margin, along with the growth rates it has cited for each.
• The tone of the release is positive on growth and margins, with management stating it looks forward to sustaining growth in the second half of the financial year while continuing to invest in AI-first offerings and services.

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