Tata Elxsi500408Information technology
Tata Elxsi reported mixed Q2 results with CC growth of 2.3% QoQ, margin expansion of 70 bps despite wage hikes, and an early-stage investment in Kavia AI
By ScoutQuest · · 1 min read
- CC growth QoQ
- 2.3 percent
- Margin expansion
- 70 basis points
- Healthcare segment growth QoQ
- 3.5 percent
Heard on business television between 07:35:22 - 07:38:22 IST.
- Tata Elxsi became the third IT company to report results, released post-market yesterday, with numbers seen as mixed by analysts.
- Constant currency growth came in at 2.3% QoQ, in line with estimates.
- Margins grew by 70 basis points despite a company-wide wage hike taken in the quarter, seen as a key positive surprise.
- Growth was broad-based across geographies, with the healthcare segment growing the most at 3.5% QoQ in constant currency.
- Management expects continued traction in the aerospace segment and highlighted an early-stage investment in Kavia AI to target enterprise software modernization and AI-driven offerings.
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Source: Live TV News Channel · 14 Oct 2026
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