Tata Elxsi Q1 FY27 revenue crosses INR 1,021 cr, margin pressure from investments
TATAELXSI · price
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Q1 FY27 revenue INR 1,021.1 cr, up 6.5% YoY in constant currency. EBITDA INR 216 cr, margin 21.2%. Transportation grew 6.7% YoY, media and communication 11.5% YoY, healthcare near flat. EBIT margin fell 330 bps QoQ due to 150 bps one-offs (Chapter 11 provision for a customer, transition costs) and 220 bps investments in sales, talent and AI tools. Management guided sequential margin improvement to Q4 and maintained high single-digit FY27 growth aspiration. Company-wide wage hike planned in Q2.
Margin pressure seen as temporary with sequential recovery expected through FY27. Crossed INR 1,000 cr quarterly revenue milestone. FY27 growth aspiration unchanged.