Sequential revenue growth of 2.3 per cent in constant currency beat estimates, while margins expanded 70 basis points; brokerages remain cautious on European auto demand
Tata Elxsi reported a 10 per cent year-on-year rise in net profit for the September quarter. The company's net profit for the quarter ended September stood at ₹170 crore.
The Nifty IT index has underperformed in September, falling over 11%, as against a 6% decline in the Nifty 50.
When a stock becomes oversold, it does not automatically mean it is a good time to buy, cautions Pabitro Mukherjee, Deputy Vice President-Research at Bajaj Broking.
Design and technology services firm Tata Elxsi on Tuesday said it has signed an initial pact with startup Sarla Aviation to collaborate on the development of the Bengaluru-based firm's air taxi platform Shunya. Under the collaboration, Tata Elxsi will provide engineering support across avionics, including flight control systems, software integration, testing, verification and validation, and certification. On the other hand, Sarla Aviation will lead the design, development and type certification of the Shunya platform, the company said. The engagement also creates opportunities to extend support across sensor fusion-based navigation software, industrial and structural design, and airworthiness test support, it added. "Every major shift in transportation has been enabled by a combination of engineering innovation and ecosystem readiness. Advanced air mobility is no different, and Sarla Aviation's vision for Shunya reflects the ambition driving this transformation. "Initiatives like
Healthy growth and margin gains contrast with rising cost pressures and weaker profitability
The company reported net profit of Rs 170.6 crore for the quarter ended June 30, 2026, marking a growth of 18.2 per cent year-on-year.
Q1FY27 company results: Firms including Anand Rathi Share and Stock Brokers, Aditya Birla Money, Den Networks, and Hathway Bhawani Cabletel are also to release their April-June earnings today