Tata Elxsi Shares Drop After Q1 FY26 Results

si's stock fell 7.5% intraday on BSE, hitting a low of Rs 5,679 from its previous close of Rs 6,139.65, after reporting a 21.5% decline in Q1 FY26 net profit to Rs 144.36 crore from Rs 184.07 crore a year ago. Revenue from operations dropped 3.7% to Rs 892.2 crore from Rs 926.45 crore. CEO Manoj Raghavan cited macroeconomic uncertainties and industry-specific issues impacting R&D spending. The transportation business grew 3.7% sequentially, driven by deals with Mercedes-Benz and Suzuki, while Media and Communication and Healthcare segments saw declines of 5.5% and 6.7%, respectively. Recovery is expected in upcoming quarters.