TATA Elxsi Results Analysis-Q3FY26

Operating Revenue for Q3FY26 is Rs. 953 Crs., 1.5% growth YoY, Total Income is Rs. 999.5 Crs., 2% growth YoY, EBITDA is Rs. 222 Crs., 9.88% Negative growth YoY, EBITDA Margin is 23.31% declined by 295 Basis points YoY, PBT Rs. 146 Crs., 42.8% Negative growth YoY, PAT Rs. 109 Crs. 45.28% Negative growth YoY (Negative Growth in PBT and PAT is due to onetime impact of new labour code as exceptional item of Rs. 95.69 Cr). On QoQ basis Op. Revenue is up by 3.85%, Total Income is up by 3.36%, EBITDA is up by 14.96%, However PBT is down by 31.88% and PAT is also down by 29.67% (due to onetime impact of new labour code as exceptional item of Rs. 95.69 Cr).