Tata Elxsi Q2 FY27 Earnings Call: Revenue Up, Margins Expand
TATAELXSI · price
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Tata Elxsi Q2 FY27: revenue INR 1,055.7 crores, up 2.3 percent in constant currency. EBITDA at INR 231.4 crores, margin 21.9 percent, up 70 basis points QoQ despite wage hikes. CFO guides gradual margin improvement ahead via operational leverage and pyramid rebalancing. Growth came from all verticals. Notable wins: multi-year US OEM telematics deal, Sarla Aviation eVTOL tie-up, GenAI engagement, and home dialysis deal. Utilization at 78 percent. Management expects H2 better than H1.
Positive: broad-based growth and margin expansion despite wage hikes, plus management guidance for further margin improvement in coming quarters.