Tata Elxsi, 5paisa Capital Shares Slide on Weak Q3 Results

Shares of

dropped over 3% to Rs 5,601 on January 14, 2026, after the company reported a sharp 45% YoY decline in Q3 FY26 net profit to Rs 108.89 crore from Rs 199.01 crore a year ago. The steep fall was largely due to a one-time exceptional charge of Rs 95.69 crore arising from the implementation of the New Labour Codes effective November 21, 2025. Tata Elxsi classified the changes to employee benefit plans as a plan amendment, requiring immediate recognition of past service cost in the profit & loss statement. Meanwhile, l tumbled more than 7% to Rs 331 — its lowest level in 2026 — after posting a 24% YoY drop in consolidated net profit to Rs 12.3 crore for the October-December quarter. Both stocks extended early weakness amid profit-taking and concerns over one-off hits and slower earnings momentum. Investors remain cautious ahead of further commentary on outlook and cost normalisation.