Tata Elxsi500408IT services, engineering
Tata Elxsi posted Q2 results beating revenue and margin estimates, stock expected to rally
By ScoutQuest · · 1 min read
- Revenue growth QoQ
- 2.3 percent
- Margin expansion
- 70 basis points
- Margin level
- 19.7 percent
- Stock move yesterday
- 5.5 percent
- YTD stock decline
- 35 percent
Heard on business television between 08:20:28 - 08:23:28 IST.
- Constant currency revenue grew 2.3% QoQ, ahead of 1.5% estimate
- Margins expanded 70 bps to 19.7% despite wage hike impact
- Management attributed margin gains to currency benefit and operational leverage
- Company guided for a better second half versus first half
- Stock rose about 5.5% in prior session; still down ~35% YTD, possible rub-off on ER&D stocks
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Also from Tata Elxsi
Q2 FY27 earnings call: revenue INR 1055.7 crores, EBITDA margin 21.9%, H2 seen better than H1
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Tata Elxsi reported mixed quarterly numbers; JP Morgan maintained neutral and cut target price to Rs 3,200 from Rs 3,400
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Tata Elxsi reported good numbers though commentary on Europe was described as weakish; Tata Technologies due to report earnings next
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Source: Live TV News Channel · 14 Oct 2026
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