Shares of Tata Elxsi, a mid-sized IT company, declined 3% on Friday, October 10, following a dip in the company’s second-quarter net profit and revenue, along with bearish analyst views on the counter.
Tata Elxsi share price hit the day’s low of ₹5406.45 in the stock market today, down 2.99% against its last closing price of ₹5573.15. As of 11.05 am, Tata Elxsi shares were trading 2.7% lower at ₹5423.90.
Tata Elxsi Q1 Results
The Tata group company posted a muted set of numbers for the July-September period of the financial year 2025-26 (FY26), with a 32.5% year-on-year (YoY) decrease in its net profit to ₹154.8 crore.
It had reported a net profit of ₹229.4 crore in the year-ago period, according to a regulatory filing.
Meanwhile, its revenue from operations dropped 3.8% YoY to ₹918 crore in Q2 FY26 from ₹955 crore in Q2 FY25.
