Tata Elxsi logs quarterly profit rise on higher tech spending from media clients
- Tata Elxsi says it will be making targeted investments in talent, AI-powered platforms, tools and infrastructure in fiscal year 2027
Indian engineering research and development firm Tata Elxsi reported an 18.2% rise in first-quarter profit on Tuesday, supported by strong tech spending from global operators, broadcasters and device manufacturers.
Profit rose to 1.71 billion rupees ($17.78 million) for the three months ended June 30, from 1.44 billion rupees a year ago.
Tata Elxsi said it will be making targeted investments in talent, AI-powered platforms, tools and infrastructure in fiscal year 2027.
Revenue from transportation, its largest segment, rose 6.7% on-year in constant-currency terms, helped by a strong demand in aerospace and segments such as farming, mining and construction.
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Revenue from its media and communications segment grew 11.5%.
Overall revenue increased 14.5% to 10.21 billion rupees.
The engineering and research and design industry has been facing headwinds due to the limited adoption of electric vehicles and a macro overhang that has hurt tech spending.
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