TATA ELXSI Quarterly Results Analysis Q2FY2027

Financial performance and key operating metrics : Operating Revenue for Q2FY27 is Rs. 1,056 Crs., 14.98% growth YoY, Total Income is Rs. 1,091 Crs., 12.78% growth YoY, EBITDA is Rs. 231 Crs., 19.7% growth YoY, EBITDA Margin is 21.92% also improved by 86 Basis points YoY, PBT Rs. 239 Crs., 11.35% growth YoY, PAT Rs. 170 Crs. 10% growth YoY. On QoQ basis Op. Revenue is up by 3.38%, Total Income is up by 2.64%, EBITDA is up by 7.14%, PBT is up by 2.86% but PAT is almost flat negatively by 0.18%. Strong operational execution and resilient growth across customers and in all industry verticals, margin expansion driven by currency + leverage; Transportation (incl. Automotive; Aerospace as adjacency) Segment : Vertical growth: +2% QoQ (CC), aided by new deal wins. Major win (automotive OEM): a strategic multi-year deal from a leading automotive OEM for a next generation cloud-based telematics and connected vehicle ecosystem. Media & Communications (M&C) : Two quarters of consistent growth, driven partly by ramp-ups of previously closed deals, ongoing sizable opportunities and momentum can continue into H2. Healthcare & Life Sciences (HLS / MedTech) : Vertical growth: +3.5% QoQ (CC). Notable win: from a global renal care leader to build “next generation home dialysis systems” covering end-to-end product engineering: “user experience and mechanical design to embedded systems and regulatory compliance.” This segment “bottomed out in last quarter” and now showing growth with “good visibility of deal pipelines.” AI / GenAI as a deal catalyst (cross-vertical) : Strategic AI engagement: with a global technology leader to develop “a Gen AI powered virtual assistant focused on multilingual intelligence and delivering digital experiences at global scale. Deal positioned as strengthening Tata Elxsi’s standing in the “rapidly evolving Gen AI ecospace.”