Tata Elxsi

June 29 (Reuters) - Tata Elxsi Ltd TTEX.NS:

• TATA ELXSI - RECEIVES TAX DEMAND OF 15.8 MILLION RUPEES FOR AY 2025–26

Source text: ID:nBSE9zNDt6

Further company coverage: TTEX.NS

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Tata Elxsi and Sky announced a milestone in AI-led autonomous network transformation on June 24, 2026, centered on Tata Elxsi's NEURON platform portfolio. The collaboration has modernised Sky's network provisioning, cross-domain inventory and operations, delivering up to 30% improvement in operational efficiency and 60–70% cost efficiencies through automation. Sky's Group Director of Networks, Laurent Lavallee, stated that NEURON is helping transform how networks operate, improving visibility and accelerating service delivery. The deployment includes telco cloud automation, digital network engineering and a service-aware inventory platform, and highlights Tata Elxsi's growing capabilities in AI-driven telecom solutions.

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May 26 (Reuters) - Tata Elxsi Ltd TTEX.NS:

• TATA ELXSI LTD - TATA ELXSI LAUNCHES VITEL

• TATA ELXSI LTD - LAUNCHES VITEL - MATERIAL INTELLIGENCE SOLUTION FOR MED-TECH

Source text: ID:nBSE5j02nl

Further company coverage: TTEX.NS

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April 27 (Reuters) - Tata Elxsi Ltd TTEX.NS:

• TATA ELXSI LTD - RESIGNATION OF GAURAV BAJAJ FROM POSITION OF CHIEF FINANCIAL OFFICER

• TATA ELXSI LTD - APPOINTMENT OF NALIN RANA AS CHIEF FINANCIAL OFFICER

Source text: ID:nnAZN4SSSID

Further company coverage: TTEX.NS

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** Engineering research and development firm Tata Elxsi TTEX.NS falls 3.3% to 4,499 rupees

** Posts a 27.8% rise in Q4 profit, helped by growth in its transportation and media units

** Profit rose to 2.20 billion rupees ($23.53 million), beating estimates of 1.86 billion rupees - LSEG

** However, revenue came in a notch below estimates

** Co toned down growth expectations from its transport segment for FY27

** Ambit Capital cuts PT to 3,960 rupees from 4,010 rupees, toning down revenue and margin expectations, with minor cuts to full-year profit estimates

** notes TTEX sees some recovery across segments as the broader macroeconomic environment sees stabilization but operating margins still below peak

** JPMorgan says there could be short-term pain in auto from the West Asia conflict

** The stock trades at a forward 12-month price-to-earnings ratio of 34.72, below 19.51 industry average, per LSEG, with Ambit noting that co remains the most expensive in the ER&D space

** YTD, stock down 12.4%

(Reporting by Pranav Kashyap in Bengaluru)

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BENGALURU, April 21 (Reuters) - Indian engineering research and development firm Tata Elxsi TTEX.NS posted a 27.8% rise in quarterly profit on Tuesday, snapping a five-quarter streak of declines, helped by growth in its transportation and media units.

• Profit rose to 2.20 billion rupees ($23.53 million) for the fourth quarter ended March 31, from 1.72 billion rupees a year ago.

• Analysts, on average, expected a profit of 1.86 billion rupees, according to data compiled by LSEG.

• Tata Elxsi said large deal wins and strong customer additions across its core segments supported growth.

• Revenue from transportation, its largest segment, rose 7% on-year in constant currency, helped by multi-year deals.

• Revenue from media and communications segment grew 2.3% on-year.

• Overall revenue rose 9.4% to 9.94 billion rupees, slightly below analysts' estimate of 10 billion rupees.

• The company also declared a dividend of 75 rupees per share.

($1 = 93.5000 Indian rupees)

(Reporting by Haripriya Suresh and Bipasha Dey in Bengaluru; Editing by Janane Venkatraman)

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** Shares of Tata Elxsi TTEX.NS rise 4.8% to 4,234.10 rupees

** Design and technology service provider launches global offshore development centre to support Terumo Corp's 4543.T cardiac and vascular solutions

** Trading volume at more than 2x the 30-day average

** TTEX down about 19% YTD

(Reporting by Vijay Malkar)

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March 19 (Reuters) - Tata Elxsi Ltd TTEX.NS:

• LAUNCHES GLOBAL OFFSHORE DEVELOPMENT CENTER FOR TERUMO CORPORATION

Source text: ID:nBSE1Vh5Lp

Further company coverage: TTEX.NS

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March 6 (Reuters) - Tata Elxsi Ltd TTEX.NS:

• GETS ORDER WITH TOTAL TAX DEMAND OF 17.9 MILLION RUPEES

Source text: ID:nBSE38brJp

Further company coverage: TTEX.NS

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March 5 (Reuters) - Tata Elxsi Ltd TTEX.NS:

• LAUNCHES DEVSTUDIO.AI, A MULTI-AGENT, ASPICE-ALIGNED GENAI PLATFORM

Further company coverage: TTEX.NS

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** Shares of Tata Elxsi TTEX.NS down about 2% to 5,685 rupees

** Engineering research and development co's Q3 profit dropped 45% to $12 mln, as a one-time charge tied to increased employee benefit provisions outweighed a 1.5% rev rise

** Revenue uptick concentrated among a small set of accounts; stock expensive in our view - Kotak Equities ("sell", TP 4,200 rupees)

** Stock, on average, rated"sell" by 14 analysts; median TP 4720 rupees - data compiled by LSEG

** Stock fell about 23% in 2025

(Reporting by Hritam Mukherjee in Bengaluru)

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Jan 13 (Reuters) - Tata Elxsi Ltd TTEX.NS:

• Q3 NET PROFIT 1.09 BILLION RUPEES

• Q3 REVENUE FROM OPERATIONS 9.53 BILLION RUPEES

Further company coverage: TTEX.NS

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Corrects bullet 6 to say J.P. Morgan's price target for KPIT Technologies is 1,400 rupees, not 4,800 rupees

** Shares of Indian software engineering firms Tata Technologies TATE.NS and Tata Elxsi TTEX.NS jump 4% and 8%, respectively

** J.P.Morgan upgrades both stocks to "Neutral" from "underweight" as automaker clients resume R&D programs after trade deals ease tariff uncertainties

** Work on projects won in 2025 to ramp up this year, brokerage says, with Europe, APAC clients leading demand recovery

** Auto investments focused on hybrids, brokerage notes, with EVs set to recover in the medium term

** As demand recovers, brokerage lifts PT on TATE to 710 rupees from 570 rupees; TTEX's PT raised to 4,800 rupees from 4,000 rupees

** However, KPIT Technologies KPIE.NS ("Overweight," PT: 1,400 rupees) remains JPM's top pick in sector; currently up 4.3%

** TTEX, TATE had underperformed Nifty IT .NIFTYIT index in 2025 on demand worries

** In 2025, TATE dropped 28%, TTEX was down 23% and KPIE fell 20% vs IT index's 13% fall

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Tata Elxsi TTEX.NS fall 2.4% to 5,440 rupees

** Engineering research and development firm's Q2 profit fell 32.5% Y/Y to 1.55 bln rupees ($17.5 mln), revenue down 3.9% Y/Y

** Ambit raises PT to 4,230 rupees from 4,190 rupees; rates it "sell"

** Brokerage cites healthcare segment growth on multi-year deal with Bayer BAYGn.DE

** Trading volume more than 2x 30-day avg at 413,865 shares so far

** Average rating on stock by 14 analysts is "strong sell", mean PT of 4,578.46 rupees - data compiled by LSEG

** YTD, TTEX down about 20% vs Nifty 500 index's .NIFTY500 more than 4% gain

($1 = 88.7750 Indian rupees)

(Reporting by Vijay Malkar)

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Oct 9 (Reuters) - Indian engineering research and development (ER&D) firm Tata Elxsi TTEL.NS reported a fourth straight quarter of widening profit fall on Thursday, as its key transportation business declined amid uncertain markets and geopolitical tensions.

The company, which relies heavily on the auto industry, said net profit fell 32.5% to 1.55 billion rupees ($17.46 million) in the July-September period year-on-year. In the previous three quarters, it had reported a profit fall of between 3.6% and 21.6%.

ER&D firms, which depend on work outsourced by U.S. and European clients, have been under pressure as global automotive clients cut back on investments and R&D spending, reeling from the impact of U.S. tariffs, according to analysts.

Tata Elxsi, which counts Jaguar Land Rover (JLR) among its largest clients, said in July that industry- and customer-specific issues had affected R&D spending and decision-making cycles across geographies.

It added that the global automotive industry remains in flux amid uncertainties surrounding the Chinese market and tariffs, casting a cloud over clients’ R&D plans, while major auto parts makers continue to face challenges.

JLR's temporary production shutdown following a September cyber attack in Britain is also expected to weigh on Tata Elxsi’s quarterly revenue, analysts had said ahead of the results.

Revenue from the transportation segment - Tata Elxsi's biggest - fell 9.9% year-on-year in the second quarter. The segment provides software and engineering services to auto and auto parts makers, including design of parts and technologies.

Its core profit margin came in at 21.1% in the quarter, down from 27.9% a year ago, but bigger than the 20.9% of last quarter.

Overall revenue fell by 3.9% to 9.18 billion rupees.

Shares of the company closed 2.1% higher ahead of results.

($1 = 88.7830 Indian rupees)

(Reporting by Aleef Jahan, Komal Salecha; Editing by Harikrishnan Nair)

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Sept 10 (Reuters) - Tata Elxsi Ltd TTEX.NS:

• TATA ELXSI LTD - LAUNCHES GLOBAL TECH CENTRE FOR BAYER IN RADIOLOGY

• TATA ELXSI LTD - LAUNCHES GLOBAL TECH CENTRE FOR BAYER IN RADIOLOGY

Source text: ID:nBSE8vbNH1

Further company coverage: TTEX.NS

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** Shares of Tata Elxsi TTEX.NS down as much as 7% to 5,660 rupees, lowest since May 6

** Design and technology services firm’s Q1 FY26 profit falls 21.6% Y/Y, as industry- and customer-specific issues affected R&D spend across geographies

** Ambit retained ‘sell’ rating; cut PT to 4,185 rupees from 4,340 rupees, implying 26% downgrade

** HDFC Securities maintains "reduce" rating, with PT of 5,075 rupees

** Says biggest transportation segment shows signs of stabilization, particularly with largest client JLR

** Adds, EBIT margins likely to remain under pressure due to lower utilization and pricing challenges from vendor consolidation deals

** TTEX rated "sell" by 11 analysts on average; median target price 4,730 rupees – data compiled by LSEG

** Stock down ~12% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

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June 19 (Reuters) - INFINEON TECHNOLOGIES AG IFXGn.DE:

• TATA ELXSI AND INFINEON PARTNER TO ACCELERATE EV INNOVATION IN INDIA

• TATA ELXSI AND INFINEON WILL WORK CLOSELY TO DEVELOP HIGH-VOLTAGE INVERTERS FOR TRACTION AND AUXILIARY SYSTEMS, SCALABLE BATTERY MANAGEMENT SYSTEMS (BMS), BI-DIRECTIONAL ONBOARD CHARGERS, AND HIGH-VOLTAGE THERMAL MANAGEMENT SOLUTIONS FOR INDIAN MARKET.

Source text: ID:nPrez74Zqa

Further company coverage: [IFXGn.DE]

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** Tata Elxsi TTEX.NS rises ~2%

** Software co says it has collaborated with an Indian unit of Mercedes-Benz MBGn.DE for vehicle engineering, development

** Co did not disclose any financial details

** YTD, TTEX falls 10.4%

(Reporting by Hritam Mukherjee in Bengaluru)

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April 21 - ** Shares of IT services provider Tata Elxsi Ltd TTEX.NS up 8.75% to 5325 rupees

** Co misses Q4 revenue and profit estimates but reports having won two large deals worth $100 mln and $56.9 mln

** "We expect these deals to help drive a return to growth over the next couple of quarters," says JP Morgan

** Stock set for biggest one day pct gain in nearly 8 months

** With session's gains, shares trim 12-month decline to ~29%

(Reporting by Ananta Agarwal in Bengaluru)

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April 17 (Reuters) - Tata Elxsi Ltd TTEX.NS:

• AUTOMOTIVE BUSINESS WITNESSED CHALLENGES IN FOURTH QUARTER

• SAW DELAYS IN RAMP-UPS PLANNED FOR ONGOING DEALS WON IN THE PREVIOUS QUARTERS

• SUPPLIERS PAUSED NEW PROGRAM STARTS IN FACE OF GEOPOLITICAL, BUSINESS, MARKET UNCERTAINTIES

• MEDIA AND COMMUNICATIONS BUSINESS SAW SOME CUSTOMER SPECIFIC ISSUES IN Q4

• 50 MILLION EURO MULTI-YEAR DEAL WITH EUROPEAN AUTOMOTIVE CO WILL RAMP UP STARTING APRIL

• GOT STRATEGIC MULTI-YEAR PRODUCT ENGINEERING CONSOLIDATION DEAL OF OVER $100 MILLION

Source text: ID:nBSE1z7VdX

Further company coverage: TTEX.NS

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Feb 12 (Reuters) - Tata Elxsi Ltd TTEX.NS:

• TATA ELXSI AND GARUDA AEROSPACE SIGN MOU

• PARTNERSHIP TO DEVELOP INDIGENOUS UAV SYSTEMS FOR MULTIPLE APPLICATIONS

Source text: ID:nBSE7kShCC

Further company coverage: TTEX.NS

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Feb 5 (Reuters) - Tata Elxsi Ltd TTEX.NS:

• TATA ELXSI - GETS TAX ORDER WITH PENALTY OF 4.3 MILLION RUPEES

Source text: ID:nNSE5SXsy8

Further company coverage: TTEX.NS

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Jan 23 (Reuters) - Indian engineering and technology firm Cyient CYIE.NS reported a third-quarter profit below analysts' expectations on Thursday, hurt by slower growth in its biggest segment and higher costs.

Its profit declined to 1.22 billion rupees ($14.12 million) for the three months ended Dec. 31, from 1.47 billion rupees a year ago. Analysts had expected 1.71 billion rupees, according to data compiled by LSEG.

Growth in Cyient's transportation division — which contributes 30% to the company's biggest unit, digital, engineering and technology — has eased over the past few quarters due to delays in project starts in the aerospace segment and slowdown in the rail segment.

The downbeat results also echo those of peer engineering, research and design companies (ER&D) Tata Elxsi TTEX.NS and L&T Technology Services LTEH.NS.

ER&D services, which include providing technology support to industries such as aerospace, telecom and automotive, contribute a sixth of the revenue to India's $254-billion technology sector.

Cyient's total expenses rose 9% during the quarter, led by a 26% jump in its cost of materials consumed and a 6% rise in employee expenses.

Revenue from the company's digital, engineering and technology segment, which contributes more than 76% to its total revenue — fell 1%.

Its smaller design-led manufacturing business, Cyient DLM CYIT.NS, posted a 38% rise in revenue.

Cyient's total revenue rose 5.7% to 19.26 billion rupees, beating analysts' estimates.

($1 = 86.4040 Indian rupees)

(Reporting by Aleef Jahan)

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Jan 21 (Reuters) - Tata Elxsi Ltd TTEX.NS:

• TATA ELXSI AND MINESPIDER PARTNER TO LAUNCH MOBIUS+

• MOBIUS+ IS ADVANCED BATTERY LIFECYCLE MANAGEMENT PLATFORM

Source text: [ID:]

Further company coverage: TTEX.NS

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** Shares of Tata Elxsi TTEX.NS fall 7.6% to 5,950.00 rupees, set to fall for third straight session

** Engineering and technology services firm's Q3 revenue up 2.7% y/y at 9.39 bln rupees ($109.36 mln), misses analysts' estimate of 9.69 bln rupees

** Q3 net profit was in line with analysts' expectations, fell 3.6% y/y to 1.99 bln rupees

** Trading vols at 501,279 shares, 2.3x 30-day average

** Relative strength index falls to 19.4, suggesting that stock might be oversold - LSEG

** TTEX fell 22.4% in 2024 vs 39.3% gains in 2023

($1 = 85.8640 Indian rupees)

(Reporting by Vijay Malkar)

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Jan 9 (Reuters) - Tata Elxsi Ltd TTEX.NS:

• TATA ELXSI Q3 NET PROFIT 1.99 BILLION RUPEES; IBES EST. 2 BILLION RUPEES

• TATA ELXSI Q3 REVENUE FROM OPERATIONS 9.39 BILLION RUPEES; IBES EST. 9.69 BILLION RUPEES

Source text: [ID:]

Further company coverage: TTEX.NS

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Jan 7 (Reuters) - Tata Elxsi Ltd TTEX.NS:

• CO, NATIONAL AEROSPACE LABORATORIES SIGN STRATEGIC PARTNERSHIP FOR ADVANCED AIR MOBILITY

Source text: ID:nBSE3hMJq4

Further company coverage: TTEX.NS

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Nov 18 (Reuters) - Singha Estate PCL S.BK:

• TATA ELXSI LTD - SUZUKI AND TATA ELXSI INAUGURATE OFFSHORE DEVELOPMENT CENTER IN PUNE

Source text: ID:nBSE4Fbd64

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