Tata Elxsi Q3 FY26 results: PAT falls 45% YoY on one-time labour code charge
TATAELXSI · price
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Tata Elxsi reported Q3 FY26 revenue of 953 crore rupees, up 1.5% YoY, but net profit fell 45% to 109 crore from 199 crore YoY, hit by a 95.7 crore one-time exceptional charge for new Labour Codes. For 9M FY26, revenue declined 2% to 2,764 crore and net profit fell 33% to 408 crore. Excluding the exceptional, Q3 PBT was 242 crore versus 256 crore YoY. Auditor B S R and Co. LLP gave an unmodified opinion. Q3 EPS was 17.48 versus 31.95.
Sharp PAT drop driven by one-time Labour Code charge; underlying 9M revenue decline of 2% signals demand softness in core business.